Panama Canal News 2024. A severe drought that began last year has. The panama canal sees no need for further vessel transit restrictions until at least april, when its authority will evaluate water levels at the end of the dry season,.

The panama canal drought conditions have led shipping giant maersk to inform clients this week that vessels with freight from oceania (australia and new. Panama canal administrator ricaurte vasquez now estimates that dipping water levels could cost them between $500 million us and $700 million us in 2024,.