The Panama Canal's profit increased by 9.5% despite the drought. This was reported by Reuters, according to UNN.
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The Panama Canal's profits for the fiscal year ending in September increased by about 9.5%, reaching $3.45 billion. This result came despite a severe drought that significantly affected the number of ships passing through the waterway.
One of the reasons for the decline in shipping volume is the third driest year in the history of the canal, which led to a decrease in the amount of water available for operation. As a result, the canal administration was forced to limit the number of vessels allowed to pass through per day and reduce the maximum permitted draft.
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