Financial Ports

Panama Canal dodges draft cut as rains buy vital time for shipping

CLAVE 1 / 4The Panama Canal Authority has postponed a planned draft restriction from 14.63 m to 14.48 m, offering relief to shipowners.

CLAVE 2 / 4Rainfall from May through August was 34% below historical averages, with inflows down 44%.

CLAVE 3 / 4Daily booking slots will drop from 34 to 32 vessels in mid-September as water constraints persist.

CLAVE 4 / 4SK Gas paid a record $5.3 million for a priority transit slot in late August.

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