# What Panama’s Worst Drought Means for Its Canal’s Future

> A severe drought in Panama has lowered water levels in the Panama Canal, forcing some shippers to limit cargo on their largest ships so they can pass safely. The article also addresses the longer-term question of the canal's future.

- Date: 2019-05-17 · published 2019-05-17T12:00:00.000Z
- Category: logistics · region Panama · magnitude low
- Page: https://feedsoft.ai/events/58990-what-panama-s-worst-drought-means-for-its-canal-s-future
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Ongoing cargo limits on large ships keep freight costs elevated on routes through the canal, a modest added cost for agricultural shipments moving through it.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- nytimes.com: https://www.nytimes.com/2019/05/17/climate/drought-water-shortage-panama-canal.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.