A critical international trade route, the Suez Canal, is being disrupted by attacks from Islamic extremist terrorists from Yemen. That makes a second global trade corridor facing trouble. Scott Thuman updates our reporting on the Panama Canal.
The following is a transcript of a report from “Full Measure with Sharyl Attkisson.” Watch the video by clicking the link at the end of the page.
The Panama Canal, an engineering feat so large it cuts through an entire country. Seventy thousand men spent more than 10 years building it.
Opening in 1914, around $270 billion worth of cargo passes along its 50 miles each year.
But the steady flow of vessels has recently slowed to a trickle, crossings down more than 20%. All because of water or a lack of it. Severe drought leaving the locks at such low levels that vessels are waiting weeks to pass, others taking the long way around South America.
The crisis hitting American farm exports to Asia particularly hard, with the expectation it won’t get better for months.
For Full Measure, I’m Scott Thuman.
Watch video here.
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