Drought Impacts Shipping in the Panama Canal

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The drought in the Panama Canal has caused a decrease in water levels, impacting the transportation of goods like US liquefied natural gas and fruits from South America. Christine Murray discusses the severity of the disruption.

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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