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Panama Canal Postpones Depth Adjustment Amid Rainfall

OIL

The Panama Canal will postpone depth restrictions after much-needed rain provided relief to water levels, the canal authority said.

  • A series of measures were scheduled to go into effect on June 25 and July 9 requiring ships to float at higher depths, meaning they needed to carry less cargo or otherwise shed weight and impacting trade at one of the world's busiest commercial crossings.
  • The restrictions would have limited neo-Panamax container ships to a depth limit of 13.3 meters, from previously 13.41 meters.
Energy BulletsCommodities
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