The Administrator of the Panama Canal, Ricaurte Vásquez, has announced the postponement of newly proposed draft restrictions for ship transits.
Vásquez explained that the decision was made in response to changing weather conditions and the vital role of water in the canal’s operations.
Favorable weather conditions experienced in recent days within the Canal basin influenced the postponement, as stated in a communication from the Panama Canal Authority (ACP) to shipping agents, shipowners, and operators.
The ACP clarified that the postponement applies to the maximum draft limits previously set at 43.5 feet for neopanamax locks and 39 feet for panamax locks.
Until further notice, the maximum authorized draft will remain at 44 feet for neopanamax locks and 39.5 feet for panamax vessels, according to Boris Moreno, the ACP’s Vice President of Operations.
During discussions in Panama City this week, Vásquez acknowledged the current challenging period for the interoceanic waterway due to insufficient rainfall and increased water demand.
He compared it to the difficult circumstances faced in 1997 during an extreme drought, highlighting that the current water usage is significantly higher, putting additional strain on Lake Gatun, the canal’s primary water source.
The decision to delay the implementation of draft restrictions reflects the Panama Canal’s recognition of the importance of ensuring smooth operations while balancing the impact of climatic conditions.
Further updates will be provided regarding rescheduling the draft restrictions as conditions evolve.