Update — El Nino Drought Results in Further Shipping Cuts to Panama Canal Transits

In August, we posted Panamax Meets Pana-Drought — Drought Restrictions In Canal Cause Delays and 200 Ship Backlog. A record drought associated with the naturally occurring El Nino climate pattern has resulted in one of the country’s driest years in … Continue reading

Panamax Meets Pana-Drought — Drought Restrictions In Canal Cause Delays and 200 Ship Backlog

Panama, the fifth wettest country, is experiencing one of the two driest years in the country’s 143-year record. The historic drought has impacted the water levels in Gatun Lake and the Panama Canal resulting in the Canal Authority introducing ship draft … Continue reading