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Pittsburgh · Day.News

Monday, April 13, 2026

Global Shipping Rates Surge Amid Panama Canal Drought, Red Sea Tensions
Top StoryApr 13

Global Shipping Rates Surge Amid Panama Canal Drought, Red Sea Tensions

Shipping costs are skyrocketing due to intertwined crises: sustained drought conditions limiting Panama Canal traffic and ongoing security risks in the Red Sea. Businesses and consumers worldwide face increased costs on traded goods as a result.

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