Panama Canal Authority chief change as drought pressures transit slots
Ilya Espino de Marotta takes over Monday as head of the Panama Canal Authority as the 50-mile waterway struggles to meet shipping demand amid drought and a bidding war for transit slots, carrying 40% of U.S. containerized trade.
Ilya Espino de Marotta takes over Monday as head of the Panama Canal Authority at a critical moment for the waterway. S. containerized trade and is under pressure to meet shipping demand because of lower water levels.