As the Panama Canal Authority (ACP) explores options through technology and new water sources to combat drought conditions in the future ultimately Administrator Ricaurte Vásquez Morales says the waterway is “climate dependent”.
The Panama Canal is one of the world’s most strategic waterways connecting Asia with the East Coast of the Americas but the impact of climate change has seen a cut in the number of daily transits allowed and draught restrictions.
Climate change is no longer the topic of numerous conferences only, it is a reality. While torrential rains affect the Capital City in Panama, dark clouds over the Canal watershed should indicate equal deluge on Gatun Lake and the waterway...
Canada-based Seaspan and energy company AES Corp have signed a Memorandum of Understanding (MoU) to collaborate on the development of the LNG Bunkering business.
The second issue of the report looks at the main terminals in the region, the ongoing port expansion and how the region is meeting the goals of carbon zero for 2030 and 2040.
The Panama Canal Authority (ACP) says that daily transit limits and draught restrictions will remain in place until next year and warns it could make additional transit reductions if the drought persists.
The Panama Canal Authority (ACP) says that Booking Condition 3 in the Panamax locks remained in effect until Saturday, 2 September 2023. From Sunday, 3 September 2023 onwards, Booking Condition 1A is applied.