Drought forces Panama Canal draught restrictions and pushes up rates

El Niño is having a major impact on container traffic through the Panama Canal this year.
From May 28, the canal operator is going to reduce the draught at its Neopanamax locks to 43 feet, the latest in a series of depth reductions that have brought the permitted level down from 50ft at the beginning of the year. 
The region is suffering from a protracted drought that has decimated the water in a lake …

The post Drought forces Panama Canal draught restrictions and pushes up rates appeared first on The Loadstar.

Source: The Loadstar

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