The Panama Canal's water level is dropping thanks to a drought, throttling the number of ships that can get through

• The Panama Canal's income could fall by $200 million due to a lack of rainfall, its administrator said Thursday.
• It's capped the number of ships that can pass through due to this summer's drought.
• "If we don't adapt, we are going to die," Ricaurte Vasquez said, per France 24.

The Panama Canal is suffering from an intense drought which is forcing officials to cap the number of ships that can pass through the vital waterway.

Administrator Ricaurte Vasquez said Thursday that operators had decided to allow a maximum of 32 ships a day through the canal, down about 14% from a norm of between 36 and 38.

He said the canal's income could fall by as much as $200 million a day next year as a result of the loss of traffic.