Impact of Drought on the Panama Canal and Shipping Routes

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This chapter explores the effects of a severe drought on the Panama Canal, including restrictions on daily crossings, increased shipping costs, and potential disruptions to food products. Alternative routes and concerns of shipping companies are also discussed, along with the cause of the drought.

Some of private equity’s biggest names are handing over companies they own to the lending arms of rivals, and Iran is dealing with the consequences of ultra-cheap petrol. Plus, the FT’s Christine Murray explains how the shipping industry is dealing with a severe drought that’s slowing down traffic through the Panama Canal.

Mentioned in this podcast:

Private equity firms hand over assets to creditors as distress rates rise

Iran grapples with unintended consequences of ultra-cheap petrol

Severe drought in Panama hits global shipping industry

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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