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.
SK Gas Pays Record $5.3m for a Single Panama Canal Transit Slot
SK Gas has paid $5.3m for the right to move the LPG carrier G. Spirit through the Panama Canal on 1 September, setting the second Korean transit-slot record in a month.
Container Port Congestion Hits Record 4.3m Teu Waiting to Berth
Congestion has removed more than 4.3m teu of capacity from circulation, surpassing the pandemic peak in absolute terms and keeping freight and charter rates elevated.
SBM Offshore Delivers Trion Turret Buoy From China to Mexico
SBM Offshore has shipped a disconnectable turret mooring buoy and related equipment from China to Altamira, Mexico, for the $10.4bn Trion oil development in the Gulf of Mexico.
Panama Canal to Cut Daily Transit Slots From September as Rainfall Falls Short
The Panama Canal will reduce daily transit slots from 3 September after below-expected rainfall in its watershed, reorganising bookings into four cargo-type auction groups.
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 LNG Transits Reach A Near Three-Year High
Eleven laden liquefied natural gas carriers passed through the Panama Canal in July, up from six the previous month and the highest monthly figure since late 2023, before drought-related draft restrictions and transit caps drove gas
Panama Canal Slot Auction Prices Climb As Queue Lengthens
Auction prices for Panama Canal transit slots have climbed towards four million dollars as the waiting queue lengthens and lake levels continue to fall.
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.
Panama Canal tightens neopanamax draught limits again
ño over the watershed in the months ahead. It said lake levels and projections would be monitored, with more adjustments if needed. This is not yet a repeat of the severe 2023-24 drought restrictions that slashed bookin…
Panama Canal trims daily booking slots over water worries
The Panama Canal is reducing daily booking slots amid concern that a dry spell could squeeze water supplies.
Panama Canal trims vessel draft, reviving memories of the drought crisis
The Panama Canal Authority will cut the neopanamax draft limit to 49.5 ft from 3 July, citing Gatun Lake levels and El Niño risk and reviving 2023-24 drought fears.
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