More than 200 ships are in a traffic jam outside the Panama Canal, showing we can't get through a ye

[Judi Lynn]

More than 200 ships are in a traffic jam outside the Panama Canal, showing we can't get through a year without big boats getting stuck

Rebecca Cohen Aug 22, 2023, 12:38 PM CDT

More big boats stuck in small canal.

Over 200 ships are currently stuck in a major traffic jam on either side of the Panama Canal, with some ships trapped for more than three weeks waiting to get through, according to data from project44 reviewed by Insider.

Most of the vessels that are stuck are bulk cargo ships or gas carriers, according to the "Today" show.

The ships are stuck due to an unprecedented drought taking hold in Panama right now, the Wall Street Journal reported. The canal relies on rainwater to replenish its sources, but a lack of rain makes it difficult for boats to cross.

The Panama Canal Authority has placed a higher premium on the heaviest and largest ships that have to pass, meaning companies are able to transport fewer goods, which could lead to emptier shelves and higher prices, according to data from project44.

More:
https://www.businessinsider.com/traffic-jam-outside-panama-canal-hundreds-ships-2023-8