As low water levels limit movement across the Panama Canal,a potential solution is in the works to mitigate the effect futuredroughts will have on the region.The Canal's board of directors submitted a proposal to thePanamanian government to advance the process of pursuinga set of solutions, ...
provides crucial insights into the far-reaching effects of the ongoing Panama Canal crisis on global trade and on the container shipping industry. With this update, we aim to assist our customers and partners with visibility into the situation for better decision making for their businesses...
Persistent low water levels in the Panama Canal are raising questions for cargo owners on the strategic validity of a route that helped many circumnavigate congested US west coast ports. Owing to a drought that has reduced water levels in the canal and its watershed and adjacent rivers, which ...
[02:58.84]seek new water sources [03:01.28]for both the canal's operations [03:04.24]and drinking water. [03:06.28]The same lakes that fill the canal also produce water [03:11.04]for more than half of the country's ...
Panama Canal increases vessel draft ahead of schedule The Panama Canal has issued an advisory to shipping lines stating that, effective yesterday, it has increased the maximum authorised… Read More » Americas Sam ChambersMay 9, 2024 Panama’s president-elect vows to make canal water security...
Water levels have decreased at the Panama Canal due to severe drought, forcing vessels to lighten their loads and pay higher rates. One of the world's most important shipping routes is restricting weight on vessels from May 24, followed by another decrease on May 29. ...
El Niño may make the situation even worse Davis said the levels of Lake Gatun, the primary feeder lake into the Panama Canal, have improved during November compared to earlier in the fall, but it hasn't been enough. "Even though the water level improved during November, it is still th...
(1,432 square km), of which about one-third was water (principally Gatun Lake). The Canal Zone had two administrative subdivisions, theBalboa(Pacific) andCristobal(Atlantic) districts.Balboa Heightswas the administrative headquarters for both the Canal Zone government and the Panama Canal Company....
When Was the Panama Canal Built? The idea of creating a water passage across the isthmus of Panama to link the Atlantic and Pacific Oceans dates back to at least the 1500s: After explorer Vasco Nuñez de Balboa realized that a narrow strip of land separated the two oceans, King Charles ...
The Panama Canal Authority (ACP) has unveiled plans for a new reservoir to address chronic water shortages affecting the canal’s operations. According to canal administrator Ricaurte Vásquez, this plan, just approved by the Supreme Court, is expected to take six years and cost between $1.2 bil...