Panama Canal Sets Out 2025-2035 Plan as Drought Cuts Draught to 48 Feet
The Panama Canal Authority is advancing a 2025-2035 vision plan built around two new container terminals and a cross-isthmus pipeline, as drought pushes the maximum draught down to 48 feet.
Panama Canal Cuts Daily Transits to 32 From September 3
Daily transits drop from 34 to 32 on September 3 and fall again on September 15, with unbooked ships already waiting more than eight days to get through.
Carriers Raise Panama Canal Surcharges as Gatun Lake Falls
Falling water levels at Gatun Lake have brought stricter draft restrictions, and CMA CGM, Hapag-Lloyd and MSC have all announced significant Panama Canal surcharges.
Panama Canal Cuts Neopanamax Draft To 47.5 Feet As Gatun Lake Falls
The Panama Canal will cut the maximum draft allowed through the neopanamax locks to 47.5 feet in two stages from September as Gatun Lake levels keep falling.
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