Panama Canal reduces daily transits further as drought continues

So far, the impact of the Panama Canal restrictions has been limited to the container shipping sector, but the signs are becoming increasingly ominous. While it continues to prioritise container traffic, overall canal capacity is declining. Reuters reports that over the weekend the Panama Canal Authority revealed that the lack of rain had led it reduce the number of daily transits from 32 to 31, down from the 40 a day it would normally operate. This means only nine vessels ...