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The Panama Canal operates 365 days a year, but due to an intensifying drought and low water levels, ship weights and crossings have been reduced to 32 vessels per day, according to operators.
“Unprecedented” drought forces canal authority to restrict vessel passages and draft from August 8 to 21
Number of vessels able to pass through each day limited because lower availability of water
The Panama Canal Authority is considering a new pricing structure that could include a variable fee for LNG transits during the winter, Administrator Ricaurte Vasquez Morales said in an interview with S&P Global Platts. In a nod to how the airlines approach fees during high-demand periods, the operator of the shortest passageway for US Gulf ...