October 6, 2026CommoditiesMacro·Neutral·shipping
Strait of Magellan maritime traffic jumps over 70% as ships divert from drought-hit Panama Canal
Maritime traffic through the Strait of Magellan rose more than 70% in both August and September year-over-year as ships diverted from the drought-stricken Panama Canal, Chilean Navy data requested by Bloomberg show. Sparse rainfall linked to El Niño lowered water levels.
Detected & updated continuously · Source: Nebula
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Strait of MagellanPanama Canal