Recent rain has helped the Panama Canal Authority lift draft restrictions for vessels after months of drought threatened to pose a long-term challenge for the canal authority, especially as it prepares to open up the waterway to bigger ships later this month. Effective immediately, the maximum authorized draft for vessels transiting the existing Panamax locks is … [Read more...]
Drought Brings Second Round of Panama Canal Draft Restrictions
The Panama Canal Authority (ACP) has announced a second round of draft restrictions for all vessels using the waterway as this winter's strong El Niño continues to bring dry conditions to the region. The new draft restrictions build on the first set of restrictions announced by the ACP in late March and scheduled to become effective later this month. Under the … [Read more...]