13 articles
The Panama Canal Authority will increase daily transit slots to 33 starting October 15 and raise neopanamax draft limits to 49 feet due to improved water levels. This adjustment impacts global supply
The Panama Canal Authority postponed a scheduled draft reduction, maintaining the 48-foot limit due to water level reviews and El Niño projections. This decision ensures operational continuity for cus
The Panama Canal Authority delayed draft limit reductions due to El Niño-induced low water levels, raising crude tanker auction values. Simultaneously, the Panamanian government acquired full ownershi
The Panama Canal Authority projects $5.56 billion in revenue for FY2027 with 10,750 planned transits, while allocating $82 million for the Rio Indio water-management project amidst El Niño concerns.
Due to drought-induced water shortages, the Panama Canal Authority is reducing daily ship passages, significantly increasing shipping premiums and costs for global energy and chemical traders. This di
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 reduce daily vessel transits from 36 to 32 between September 3 and 15 due to El Niño-driven drought. This move affects 5% of global maritime trade and 40% of US contain
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 maximum vessel drafts starting July 24 due to El Niño-related water level concerns. Adjustments aim to conserve freshwater while managing impacts on global trade
Panama Canal Authority expects fiscal 2026 revenue to surpass $5.2 billion due to increased LNG and oil tanker traffic rerouted from the Strait of Hormuz. New leadership plans major infrastructure pro
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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