The Panama Canal Board of Directors has approved critical funding for the construction of a new reservoir in the Rio Indio basin, marking a significant step toward ensuring water security for both the vital waterway and the country’s population.
panama canal drought
BIMCO: Panama Canal Transits Remain 10% Below Average Despite Lifted Drought Restrictions
Ship transits through the Panama Canal remain significantly lower than historical averages, with capacity down 10% between September 2024 and January 2025 compared to the 2019-2022 average, according to BIMCO’s…
Threatened by Climate Change, Panama Canal Has Big Plans to Deal With Drought
The lush river valleys of El Zaino y La Arenosa in western Panama, home to hundreds of families that eke out a living farming, fishing and raising cattle, could soon be submerged by a massive man-made reservoir designed to ensure the viability of the Panama Canal in the face of a changing climate.
https://gcaptain.com/threatened-by-climate-change-panama-canal-has-big-plans-to-deal-with-drought/
Panama Canal Defies Drought with $3.45 Billion Profit Despite Fewer Ships
By Elida Moreno and Marianna Parraga PANAMA CITY, Oct 25 (Reuters) – The Panama Canal’s profit increased about 9.5% in the fiscal year ended in September to $3.45 billion despite a severe…
https://gcaptain.com/panama-canal-defies-drought-with-3-45-billion-profit-despite-fewer-ships/
Panama Canal Unveils Strategies to Combat El Niño-Induced Drought
The Panama Canal Authority has been implementing new economic and operational strategies to address water scarcity challenges posed by the 2023-2024 El Niño. At the 2025 Investors Forum, organized by…
https://gcaptain.com/panama-canal-unveils-strategies-to-combat-el-nino-induced-drought/
Panama Canal Plans Reservoir Expansion to Combat Next Drought
By Marianna Parraga Aug 26 (Reuters) – The Panama Canal expects to be ready to combat a possible new drought, which could hit the world’s second-largest waterway within four years, by accommodating…
https://gcaptain.com/panama-canal-plans-reservoir-expansion-to-combat-next-drought/
Panama Canal Authority Increases Capacity as Water Levels Return
The Panama Canal Authority (ACP) has increased the number of daily transits and maximum draft of the expanded neopanamax locks, bringing the waterway one step closer to to normal operations…
https://gcaptain.com/panama-canal-authority-increases-capacity-as-water-levels-return/
Panama Canal Looks to Boost Transits in September as Rains Come Early
PANAMA CITY, July 30 (Reuters) – The Panama Canal expects to increase the number of daily transit slots for vessels to 36 from the current 34 beginning in September, the canal’s deputy administrator said, as…
https://gcaptain.com/panama-canal-looks-to-boost-transits-in-september-as-rains-come-early/
Panama Canal Considers New Reservoir to Help Maintain Water Levels
By Charlotte Goldstone (The Loadstar) – A new reservoir at the Panama Canal to improve reliability could be ready within four to five years of construction, but there are regulatory and…
https://gcaptain.com/panama-canal-considers-new-reservoir-to-help-maintain-water-levels/
Panama Canal Averts Shipping Crisis With Its Water Plan
(Bloomberg) — The Panama Canal has managed to ward off a shipping crisis that threatened to upend $270 billion a year in global trade. It did so with careful water management —…
https://gcaptain.com/panama-canal-averts-shipping-crisis-with-its-water-plan/