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Panama is looking into new sources of water for the Panama Canal, which moves six percent of global maritime trade but recently had to restrict traffic due to drought, its operator said.

Panama is looking into new sources of water for the Panama Canal, which moves six percent of global maritime trade but recently had to restrict traffic due to drought, its operator said.However, Panama is facing a biting drought, made worse by the El Nino weather phenomenon, which has also forced canal administrators to restrict the waterway to ships with a maximum draft (water depth) of 13.11 meters (43 feet).

The Panama Canal is exploring additional water sources after drought forced it to limit traffic and is projected to cause millions in lost revenue.

Panama is facing a biting drought, made worse by the El Nino weather phenomenon

The Panama Canal will expand restrictions on the largest ships crossing the waterway, one of the world's busiest trade passages, the canal authority's administrator said on Wednesday, citing shallower waters due to drought. The measure follows a series of depth restrictions in the 50-mile (80 km) canal since the beginning of the year due to a drought, which authorities had hoped would ease by the start of the Central American country's rainy season. The new restrictions, which will take effect Sunday, limit neo-Panamax container ships to a depth limit of 43.5 feet (13.3 metres...