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Panama Canal says due to a reduction in available transit slots during Booking Period 2, conditioned slots in the Neopanamax category will not be available.
StockNow breaking-news AI analysis
Panama Canal reduces transit slots and postpones draft increases due to El Niño-driven drought, leading to record auction fees, shipping surcharges, and cargo diversions to US West Coast ports.
News detail
Maximum authorized draft adjustment to 14.48 meters (47.5 feet) TFW, scheduled to become effective on September 3, 2026, postponed until October 1, 2026. Maximum authorized draft of 14.63 meters (48.0 feet) TFW in the Neopanamax locks postponed until September 2, 2026.
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