The Panama Canal Authority (abbreviated as ACP) announced a rise in booking slots for Panamax locks starting in mid-May in response to the current and estimated water levels in Gatun Lake.
After a massive drought in 2023, the Panama Canal Authority had to regulate the waterway’s capacity by lowering the number of daily vessel transits and the maximum draft.
Further evidence is also there that Central America’s worst phase of the El Nino drought is now over.
The news came...