A prolonged drought had seen the Panama Canal Authority (ACP) set out an increasingly severe phased draught reductions and warned that it could reduce the number of vessels allowed to transit the canal daily.
Draught restrictions were scheduled to go into effect on June 25 and July 9 but the Canal Authority said, in an advisory to shipping, Neo-panamax ships can continue to sail at the previous depth limit of 13.41m (44.0 feet) and Panamax ships at 12.04m (39.5 feet).
The administration said it would continue to monitor water levels and “announce future draught adjustments in a timely manner.”
Shippers will breathe a sigh of relief with a continued severe drought set to disrupt the supply chain between Asia and US East Coast ports.
Weather forecasts show rain forecast for the coming week in Panama signalling the late arrival rainy season.
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