{"id":81589,"date":"2024-01-04T00:00:00","date_gmt":"2024-01-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/"},"modified":"2024-01-04T00:00:00","modified_gmt":"2024-01-04T00:00:00","slug":"climate-change-will-cost-the-panama-canal-usd-bns-annually","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/","title":{"rendered":"Climate change will cost the Panama Canal USD bns annually"},"content":{"rendered":"

Preserving the Panama Canal\u2019s capacity to accommodate vessels amid a long lasting <\/strong>drought could take years and cost bns of USD<\/strong>, Bloomberg<\/a> reports. The canal is facing unprecedented water shortages at levels 1.8m below average, limiting the number of vessels able to cross each day. Pre-drought capacity permitted 38 ships per day, while authorities have now capped it at 24, with the number expected to drop further as the dry season approaches.\\<\/p>\n

Bigger business for Egypt\u2019s Suez Canal? <\/strong>Climate-driven water scarcity in Central America<\/a> drove the Panama Canal Authority<\/a> to mandate that shipping vessels decrease their payloads<\/a> last May, driving freight ship traffic to Egypt\u2019s Suez Canal. <\/p>\n

There\u2019s no quick fix:<\/strong> The canal authorities are considering using an artificial lake to pump water into the canal or boosting rainfall through cloud seeding but both options would take years to implement, Bloomberg writes. In the meantime, the canal will use water from a secondary reservoir, Lake Alajuela, until rain picks up in May. Panama is exploring damming up the Indio River as a long-term option \u2014 a costly and controversial project that faces local opposition from farmers.<\/p>\n

What does this mean for global trade? <\/strong>The canal is responsible for roughly USD 270 bn a year in global trade, and restrictions put in place since August 2023 have impacted the 170 countries<\/a> that use the canal to transport key goods. The Evergreen Marine ship \u2014 which was scheduled to set a record for carrying the most containers through the Panama Canal \u2014 was forced to unload thousands of containers after the canal authority reduced maximum ship weights. <\/p>\n","protected":false},"excerpt":{"rendered":"

Lower water levels are forcing officials to lower vessel capacity<\/p>\n","protected":false},"author":1,"featured_media":81590,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[157],"tags":[57,156,11],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-in-the-news","tag-climate-change","tag-climate-in-the-news","tag-enterpriseclimate","wpautop","entry"],"acf":{"mongo_id":"a22c3277-66aa-40c3-86ab-ea58ce934cb4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/203.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Climate change will cost the Panama Canal USD bns annually","related_issue":[81575],"teaser":"Lower water levels are forcing officials to lower vessel capacity","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.23e847f8-9fac-4f3d-924f-6766848c00c5.mp3"},"yoast_head":"\nClimate change will cost the Panama Canal USD bns annually - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Climate change will cost the Panama Canal USD bns annually\" \/>\n<meta property=\"og:description\" content=\"Lower water levels are forcing officials to lower vessel capacity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-04T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/203.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Climate change will cost the Panama Canal USD bns annually\",\"datePublished\":\"2024-01-04T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/\"},\"wordCount\":271,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/203.jpg?fit=%2C&ssl=1\",\"keywords\":[\"climate change\",\"CLIMATE IN THE NEWS\",\"EnterpriseClimate\"],\"articleSection\":[\"CLIMATE IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/\",\"name\":\"Climate change will cost the Panama Canal USD bns annually - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/203.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-01-04T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/203.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/203.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Climate change will cost the Panama Canal USD bns annually\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Climate change will cost the Panama Canal USD bns annually - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/","og_locale":"en_US","og_type":"article","og_title":"Climate change will cost the Panama Canal USD bns annually","og_description":"Lower water levels are forcing officials to lower vessel capacity","og_url":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/","og_site_name":"Climate","article_published_time":"2024-01-04T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/203.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Climate change will cost the Panama Canal USD bns annually","datePublished":"2024-01-04T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/"},"wordCount":271,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/203.jpg?fit=%2C&ssl=1","keywords":["climate change","CLIMATE IN THE NEWS","EnterpriseClimate"],"articleSection":["CLIMATE IN THE NEWS"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/","url":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/","name":"Climate change will cost the Panama Canal USD bns annually - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/203.jpg?fit=%2C&ssl=1","datePublished":"2024-01-04T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/203.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/203.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2024\/01\/04\/climate-change-will-cost-the-panama-canal-usd-bns-annually\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Climate change will cost the Panama Canal USD bns annually"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/203.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/203.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/203.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-ldX","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/81589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=81589"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/81589\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/81575"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/81590"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=81589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=81589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=81589"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=81589"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=81589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}