Transit restrictions for Panama Canal extended due to drought

Chamber of Shipping > Blog > News > International > Transit restrictions for Panama Canal extended due to drought

The Panama Canal Authority has extended restrictions on vessel transits through the waterway until September 2. The restrictions, brought about by a delayed rainy season in Panama, limit the number of authorized vessel transits to a maximum of 32 per day. These constraints, aimed at alleviating congestion, have implications for shipping costs and consumer goods prices. The Panama Canal is crucial for transporting goods between Asia and the United States, particularly before peak selling periods like Christmas. As of now, there are 131 vessels waiting to transit the canal, down from 161 the previous week. The restrictions include draft limitations and specific daily transit allowances for different types of locks. The Canal holds a significant market share for container movement between Northeast Asia and the U.S. East Coast.

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