Panama gives in as US pressure on Panama Canal intensifies
Under increasing US pressure, Panama has elected not to renew its belt and road (BRI) ...
The Panama Canal Authority (PCA) is weighing-up long-term solutions to bolster the resilience of its key shipping route, including opening a new reservoir and making pre-booking permanent.
Last year, when the country was in the depths of an El Nino-induced drought, the PCA reduced daily shipping transits through the canal, and warned slots could fall to as low as 18 a day in February. However, a series of mitigation efforts by the ACP meant 20 became the nadir.
The canal ...
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