Panama Canal to Reduce Neopanamax Draft Limit as El Niño Concerns Mount

AI Summary

The Panama Canal Authority plans to reduce the maximum draft limit for vessels using the Neopanamax locks starting July 3, due to concerns over the potential development of El Niño conditions. This measure aims to manage water levels amid environmental changes affecting canal operations.

The Panama Canal Authority (ACP) will reduce the maximum authorized draft for vessels transiting its Neopanamax locks beginning July 3, citing concerns over the potential development of El Niño conditions...