The Panama Canal announced that the queue of vessels waiting to transit has shown improvement. Standing at 108 at both entrances to the waterway, there are 20% less vessels waiting in total since last week (135), which is normal for this time of year.
An extended dry season and the El Niño phenomenon caused the Panama Canal to implement measures earlier this year to save water, in order to maintain high reliability levels. While these measures and the season’s high vessel demand have had an...