Financial Ports

Panama Canal slashes daily transits: 32 slots vanish as drought bites

CLAVE 1 / 4Panama Canal Authority reduces daily transits from 34 to 32 on September 3, then to 23 by September 15.

CLAVE 2 / 4Neopanamax locks limited to 9 daily slots starting September 3.

CLAVE 3 / 4Non-booked vessels face 8.5-day waits northbound and 7.7 days southbound as of August 20.

CLAVE 4 / 4Record $4.6 million auction slot paid by LPG carrier G. Arete to jump queue.

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