The number of ships allowed to cross the Panama Canal each day will be slashed in the coming months as climate change increasingly rocks global trade.
More than 3 per cent of world trade passes through the nearly 110-year-old canal, which relies on freshwater to operate its locks. It is experiencing one of the worst droughts on its record.
This year, for the first time, the canal authorities cut the number of ships that can cross each day, reducing it to 31 per day, down from the average of about 36 per day. On Tuesday the canal authority said it would further limit crossings to 25 bookings per day starting later this week and gradually reduce it before reaching just 18 per day from February next year.
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