15,040.25 TRY BIST 100 BIST 100
45.71 USD USD USD
6.78 CNY CNY CNY
53.22 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
40.70 TRY Interest Interest
101.23 USD Fossil Oil Fossil Oil
6.27 USD Copper Copper
117.30 USD Silver Silver
105.44 USD Iron Ore Iron Ore
400.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,889.93 TRY Gold (gr) Gold (gr)
105.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Climate crisis could upset trade balance; Panama Canal raises alarm

In the Panama Canal, where the water level dropped due to drought, more than 200 ships were put on hold due to problems in the systems and traffic was created. It is predicted that ship traffic will slow down global trade and this will pose a risk of an increase in commodity prices.

Climate crisis could upset trade balance; Panama Canal raises alarm

Drought has been effective in the Panama Canal, one of the world's most important canals that accelerates maritime traffic by connecting the Atlantic Ocean to the Pacific Ocean.

Drought continues to be effective in extreme natural events seen with the climate crisis. While the decrease in the yields of agricultural products due to drought in the world is hit by basic needs on the one hand, the decrease in water levels also creates malfunctions in the systems at important transit points, straining the logistics and supply chain.

In the Panama Canal, where the water level dropped due to drought, more than 200 ships were on hold due to problems in the systems and traffic was created.

An unprecedented drought has hit the Panama Canal, restricting heavy cargoes and prolonging delays. The climate crisis, which the world has been talking about a lot lately and on which various new investments have been made, has started to show its effects negatively in the global trade market.

It has caused unprecedentedly long waiting times for freighters.

Ship flows to the US east coast from east to west have not yet been disrupted, but shippers are facing increasing challenges and anxiety is growing.

The Canal Authority has reduced ship transits from an average of 36 per day to 32, while the limitation on the 80-kilometer waterway comes as the water level drops due to a decrease in rainfall.

The problem in the Panama Canal, one of the most widely used trade routes in the world, has led to the search for alternative routes, while in recent years a ship got stuck in the canal, causing problems in world trade.

Experts say that if the rains do not increase, ship passage may become more restricted.

Restrictions in the canal, which is the transit route for 6 percent of world trade, may cause delays in supply and lead to a rise in prices.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Steel Summit 2026, CBAM, ETS and carbon costs’ impact on global steel trade were discussed

Monday, May 18, 2026

Klöckner & Co increased its operating profitability in the first quarter

Monday, May 25, 2026

Steel Summit, Blackfort Capital AG shared insights on the future of global markets and new-era investment strategies

Monday, May 18, 2026

thyssenkrupp Automotive Technology is restructuring its U.S. production network

Monday, May 25, 2026

Jindal India completes INR 15 billion expansion project in West Bengal

Monday, May 25, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now