Important point in presentation :
SUEZ CANAL/PANAMA CANAL DISRUPTIONS:
In the first two months of 2024, Suez Canal trade dropped by 50 percent from a year earlier while trade through the Panama Canal fell by 32 percent, disrupting supply chains
• A severe drought at the Panama Canal has forced authorities to impose restrictions that have substantially reduced daily ship crossings since last October, slowing down maritime trade through another key chokepoint.
• Attacks on vessels in the Red Sea area reduced traffic through the Suez Canal, the shortest maritime route between Asia and Europe, through which about 15 percent of global maritime trade volume normally passes
• As a result, several shipping companies have diverted their ships around the Cape of Good Hope
Port Monitor | PortWatch (imf.org)
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