Panama Canal Plans to Cut Transits by 40% Due to Ongoing Drought

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The Panama Canal Authority released plans to drastically scale down transits at the canal phased in over the next three months as it reports water levels have continued to decline to unprecedented levels for this time of year. The current plan would see transits reduced by 43 percent by February 1, with large containerships, and LNG and LPG carriers, likely to be among the most impacted by the new round of cuts.

Read more in an article from The Maritime Executive.