The Panama Canal authority says it expects revenue to drop by about €182 million in the next fiscal year, a shipping crossings are impacted by the ongoing drought.
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00:00 The Panama Canal, one of the world's busiest maritime trade passages.
00:05 It's facing tough times as an unprecedented drought has forced its administrator to impose
00:09 surcharges and weight limits on ships traversing its lock system.
00:14 Officials expect the canal's revenue to shrink by about 180 million euros in its next fiscal
00:19 year due to these restrictions.
00:22 And their fears, things may deteriorate further.
00:25 As the region experiences an extended dry season, authorities say the start of the El
00:29 Niño weather phenomenon could worsen conditions.
00:32 (whooshing)