[02:55.76]Vásquez warned that Panama must [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 [03:1...
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...
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, ...
The Panama Canal Authority (abbreviated as ACP) announced a rise in booking slots for Panamax locks starting in mid-May in response to the current and estimated water levels in Gatun Lake. After a massive drought in 2023, the Panama Canal Authority had to regulate the waterway’s capacity by...
The Panama Canal Port Authority has dedicated extensive research and investments to the management of its canal. However, 2023 has recorded some of the highest temperatures in history, causing far-reaching consequences for millions around the world. For the Panama Canal, it has been no different....
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. ...
Over the past few months, Latin America, including Panama, has been experiencing low rainfall and a decline in lake and river levels, and the Panama Canal is also facing a drought. Falling water levels in the Canal mean that shipping draft depths are limited and the number of ships passing...
Adjusting the maximum draft and daily transit capacity.The lack of rainfall in the Panama Canal Watershed made it necessary to reduce the number of daily transits, while managing the available water to maintain Gatun Lake at a level that allows us to continue offering a competitive draft for ou...
Panama’s recent severe drought, the worst on record, highlighted the necessity for such infrastructure. The lack of rainfall has depleted the watershed system that serves the canal and Panama City, home to nearly half of the country’s 4 million people. ...
With the largest boxship to transit the canalEver Maxhaving to unload part to use the waterway last week, and limits on vessel numbers, the Panama Canal could see a $200 million dip in earnings in 2024. The Panama Canal is facing intense water shortage caused by climate change an...