Ricaurte Vázquez has been appointed as the new administrator of the Panama Canal, succeeding Jorge Quijano. The canal faces significant challenges, including the US-China trade war, which has led to a $30 million revenue loss and Japan surpassing China as the second-largest user. Environmental issues, such as water scarcity during droughts, also pose threats. The canal, which handles 5% of global maritime trade, was expanded in 2016 to accommodate larger ships. Water conservation remains a priority for both canal operations and Panama's water needs.

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