Carriers unveil Panama Canal transit surcharges for new year
Two major carriers have announced new Panama Canal surcharges on Asia-US east coast transits in ...
© Yanik Chauvin
Healthy rainfall in recent months has restored the Panama Canal to near-full operating depth, after severe drought last year.
Water levels in the Gatun Lake reached 84.4ft today, allowing some 36 vessels to transit the canal a day from September and equivalent to a surcharge fee of just 0.38%.
The expectation is that the water level will return to 86.1ft by October.
Last year, the El Niño phenomenon brought a lack of rainfall which saw the canal depth hit a nadir of 79.24ft ...
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