Panama Canal Authority reduces daily transit slots due to shrinking reservoirs caused by El Niño, forcing oil and gas carriers to take longer routes around Africa and driving up shipping costs.
The Panama Canal Authority will suspend daily booking auctions for Panamax-class vessels starting July 25 due to low water levels. Daily transit capacity drops from 36 to 34 ships, affecting global tr
The Panama Canal Authority will reduce the maximum authorized draft to 15.09 meters starting July 3 due to water management strategies amid El Niño forecasts. This adjustment impacts global trade rout
The Panama Canal Authority is drafting contingency plans to mitigate El Niño-induced drought impacts, potentially restricting vessel drafts to avoid past shipping congestion and trade flow disruptions
The Panama Canal Authority is implementing water-saving measures and the Río Indio project following an NOAA forecast of a 98% chance of El Niño, aiming to mitigate potential rainfall reductions impac
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