The Panama Canal on Friday increased from 44 feet to 45 feet the permitted depth of vessels passing through the critical waterway as canal authorities have begun to walk back depth limits introduced over the last seven months due to a lack of rainfall.
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Panama Canal News
Panama Canal News
Read news and analysis on the Panama Canal, including discussions of development and reports on tolls and traffic, including ocean carrier strategies involving use of the Panama Canal for all-water service from Asia to the US East Coast.
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News & Analysis
12 Jul 2019
The shallow drafts pushed up spot rates on cargo from Asia, although it’s unclear how much was due to reduced loading capacity and how much was used by carrier representatives as simply justification to seek higher rates.
21 May 2019
Container carriers have been altering stowage plans for neo-Panamax ships to mitigate the current draft limits, according to the Panama Canal Authority.
07 May 2019
The Panama Canal Authority (ACP) announced the sixth reduction in its maximum draft this year for the Neopanamax locks on Gatun Lake as water levels continue to fall.
12 Apr 2019
With draft restrictions already imposed in the waterway’s larger locks due to lack of rain, the Panama Canal Authority is working on plans for a third water reservoir that would help replenish the locks system during dry weather.
Commentary
Odd time for new canal projects