Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk
Resilinc
AUGUST 30, 2023
Due to the drought, the Panama Canal Authority (ACP) updated booking conditions for ships for the Panamax locks (the older locks of the Panama Canal used by smaller ships). Under Condition 3, the total number of booking slots is limited to 14. Some ships were delayed by as much as 21 days. As of this week, the bottleneck has lessened.
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