Panama gives in as US pressure on Panama Canal intensifies
Under increasing US pressure, Panama has elected not to renew its belt and road (BRI) ...
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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