Moderators Moderator_03 Posted March 15 Moderators Share Posted March 15 Quote The Panama Canal is Increasing Traffic Posted 14/03/2024 The Panama Canal Authority is taking further steps to ease some of the restrictions on transits imposed due to water restrictions. Starting later this month, they are increasing the available spots for daily transits by a further 12 percent after delaying planned reductions earlier in the year. Two additional slots will be offered through the auction system for transit dates beginning March 18, and an additional slot will become available for transit dates beginning March 25 for the original locks. According to the authority, these measures will allow the majority of vessels that want to transit the Panama Canal to have a better chance of obtaining a reservation. Since the start of the restrictions the authority has urged shippers to use the reservation system to elevate some of the longer waits for transit. Current data shows that the industry has adapted to the restrictions resulting in a dramatic drop in the waits as some vessels divert and others use the reservations. Data shows that there were just 46 vessels in the queue for transit down from a peak of over 100 ships. Further, 37 have reservations with only nine in the queue without reservations. Equally important the wait times for transits have been reduced to less than one day for northbound vessels without reservations and five days for southbound vessels. Under the latest plan, the authority will increase the number of daily transits to 20 through the historical locks that serve most of the vessels at the canal. Transits for the larger Neopanamax locks, however, will remain reduced at just seven a day versus the recent level of 10. Total transits as of late March will have increased to 27 per day which remains at nearly half of peak levels. https://www.newsroompanama.com/business/the-panama-canal-is-increasing-traffic-1 Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_03 Posted April 10 Author Moderators Share Posted April 10 Quote Panama Canal to Increase Transits to 36 Posted 09/04/2024 The Panama Canal Authority plans to increase transits to 36 daily allowing conditions to fully normalize in 2025. The Canal plans to gradually ease transit restrictions. Currently 27 daily transits are allowed. Rainy season will improve the level of the lakes and current forecasts indicate that steady rain will arrive at the end of April and continue for the following months. More than three quarters of the ships that are waiting to transit the Panama Canal today have reservations and, therefore, will transit on a predetermined date with a minimum waiting time,” says the ACP. The Canal adds that the average waiting time for ships arriving without reservations this year has been just less than 2.5 days, much lower than the 3.6 days experienced between January and March of last year, and the 3.8 days recorded during the same period in 2022. The outlook and projections indicate that the rains will increase in intensity after April and the Canal will progressively increase transits again until reaching 36 ships per day through the channel. If the rains do not meet expectations, new restrictions on daily passage or draft could be maintained or applied. Either way, the canal is a winner. https://www.newsroompanama.com/news/panama-canal-to-increase-transits-to-36 Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_03 Posted April 17 Author Moderators Share Posted April 17 Quote Panama Canal Will Increase Transits to 32 in June Posted 15/04/2024 The Panama Canal will increase transits to 32 daily starting June 1 of this year, based on rain projections that suggest that the level of Gatun Lake, the largest of the two reservoirs managed by the Panama Canal, will recover. The announcement was made by the Panama Canal Authority (ACP) in a statement sent to Newsroom Panama this afternoon, April 15 2024. The plan is to increase transits to 36 daily by 2025. Maersk OC1 service will be sailing through the channel once again now that life is better on the canal, making about 8 monthly transits. If you happen to know any canal workers looking for a job, the Panama Canal needs about 2000 workers over the next five years. Talk with our friend Ricaurte Vásquez at the Panama Canal for details on the jobs available. https://www.newsroompanama.com/news/panama-canal-will-increase-transits-to-32-in-june Quote Link to comment Share on other sites More sharing options...
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