Over 200 ships are currently stuck in a massive traffic jam in the Panama Canal.
The US is the largest user of the Panama Canal, so the bottleneck could hit holiday shipping.
AdvertisementAdvertisementThe world's worst traffic jam is at the Panama Canal, where hundreds of massive ships are stuck due to a serious drought that reduced water levels.
The traffic jam is so bad that ships have paid multiple times the toll to pass through.
AdvertisementAdvertisementThe US is also the largest user of the Panama Canal, accounting for 70% of the waterway's traffic, per Container xChange.
Persons:
Lars Oestergaard Nielsen, Maersk's, Insider's Rebecca Cohen
Organizations:
Morning, Wall, Bloomberg, Clarksons Research Services, Reuters, Panama Canal Authority, Maersk
Locations:
Panama, Americas, project44, Gulf, East Coast