Panama Canal Update – Sept 14 2023 The Panama Canal Authority told reporters to expect the possibility that the daily transit allowance could be reduced again in a press conference yesterday.     The ACP has received a recommendation in its budget for the 2024 fiscal year to lower daily transits to 30-31 per day, […]

Panama Canal Congestion On July 30th, the Panama Canal Authority implemented restrictions to combat what they describe as an “unprecedented” drought. While canal delays due to low water levels are not new, the canal faced the lowest rainfall this century and the Gaten Lake, which feeds the canal, has water levels at a four-year low. […]