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New Panama Canal chief says El Nino could force further transit cuts
Daily vessel limit may be lowered to 29 as falling reservoir levels strain key shipping route
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The number of ships sailing through the Panama Canal could be cut further due to drought caused by the El Nino weather pattern, the new administrator of the waterway said on Monday.
Panama has declared a nationwide emergency over El Nino, a phenomenon developing over the Pacific Ocean that is affecting worldwide weather patterns and pushing up global temperatures.
This year’s El Nino is expected to be the strongest since record-keeping began four decades ago.
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