The Panama Canal is drying up
Today, Explained
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Global Shipping Industry in Crisis
The global shipping industry, responsible for 80% of international trade, is currently facing two major crises. One crisis is at the Panama Canal due to a drought causing significant delays, leading to authorities auctioning off spots to expedite passage. The second crisis is in the Red Sea where Houthi rebels are attacking international commercial ships in protest of Israel's offensive in Gaza.
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