The China Mail - Drought-hit Panama Canal to restrict access for one year

USD -
AED 3.672498
AFN 65.000033
ALL 80.761235
AMD 360.982284
ANG 1.789785
AOA 916.999796
ARS 1547.435951
AUD 1.426218
AWG 1.8
AZN 1.711502
BAM 1.737655
BBD 2.013789
BDT 124.482471
BGN 1.747831
BHD 0.377511
BIF 2987.543757
BMD 1
BND 1.278142
BOB 12.12307
BRL 5.452597
BSD 0.999876
BTN 94.576825
BWP 13.727633
BYN 2.983457
BYR 19600
BZD 2.010946
CAD 1.396295
CDF 2315.000375
CHF 0.817865
CLF 0.024527
CLP 965.319821
CNY 6.669803
CNH 6.66649
COP 3229.13
CRC 454.196116
CUC 1
CUP 23.996482
CVE 97.96631
CZK 21.640991
DJF 178.04787
DKK 6.66219
DOP 60.044158
DZD 136.137727
EGP 53.944098
ERN 15
ETB 164.108289
EUR 0.89128
FJD 2.243203
FKP 0.743037
GBP 0.742305
GEL 2.604999
GGP 0.743037
GHS 11.633527
GIP 0.743037
GMD 74.488904
GNF 8859.999556
GTQ 7.640777
GYD 209.490556
HKD 7.844815
HNL 26.874159
HRK 6.76901
HTG 130.993736
HUF 323.475987
IDR 18051.6
ILS 3.16671
IMP 0.743037
INR 94.45525
IQD 1515.805747
IRR 1883408.498647
ISK 121.740028
JEP 0.743037
JMD 158.490264
JOD 0.708991
JPY 158.394499
KES 129.88984
KGS 87.449305
KHR 4065.567945
KMF 440.999862
KPW 899.999961
KRW 1344.009825
KWD 0.31085
KYD 0.8332
KZT 451.907529
LAK 22510.972511
LBP 89536.844537
LKR 332.702525
LRD 169.971747
LSL 16.458322
LTL 2.95274
LVL 0.60489
LYD 6.411145
MAD 9.767223
MDL 17.932726
MGA 4516.054516
MKD 54.86112
MMK 2099.845134
MNT 3601.453525
MOP 8.0795
MRU 40.672394
MUR 46.750138
MVR 15.454973
MWK 1733.74558
MXN 18.57415
MYR 4.046102
MZN 63.910608
NAD 16.458322
NGN 1344.919545
NIO 36.791229
NOK 9.282715
NPR 151.327626
NZD 1.77647
OMR 0.384469
PAB 0.999964
PEN 3.451055
PGK 4.486835
PHP 63.009499
PKR 276.584484
PLN 3.913615
PYG 6062.867601
QAR 3.645272
RON 4.758805
RSD 104.821031
RUB 81.626861
RWF 1471.300315
SAR 3.756339
SBD 8.051718
SCR 13.753827
SDG 601.494926
SEK 9.77764
SGD 1.276798
SHP 0.745545
SLE 22.910108
SLL 20969.504398
SOS 571.481881
SRD 37.564026
STD 20697.981008
STN 21.767813
SVC 8.74869
SYP 13001.999685
SZL 16.449882
THB 33.409965
TJS 9.223662
TMT 3.51
TND 2.979992
TOP 2.40776
TRY 50.0464
TTD 6.77808
TWD 32.916898
TZS 2647.377987
UAH 45.533522
UGX 4104.696412
UYU 40.202925
UZS 11888.515735
VES 893.768974
VND 25682.5
VUV 119.655093
WST 2.783161
XAF 584.641244
XAG 0.018961
XAU 0.000242230458
XCD 2.70255
XCG 1.801979
XDR 0.707052
XOF 584.641244
XPF 105.958029
YER 236.174989
ZAR 16.3842
ZMK 9001.198566
ZMW 20.278266
ZWL 321.999592
SSP 5745.516508
MXV 2.090199
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Drought-hit Panama Canal to restrict access for one year
Drought-hit Panama Canal to restrict access for one year / Photo: © AFP

Drought-hit Panama Canal to restrict access for one year

The drought-hit Panama Canal will maintain restrictions on the passage of ships for one year, a measure that has already led to a marine traffic jam as boats line up to enter the crucial waterway linking two oceans, an official said late Thursday.

Text size:

The canal is facing a shortage of rainwater to transfer ships through a series of locks that function like water elevators, an engineering marvel that moves six percent of the world's maritime commerce between the Atlantic and Pacific oceans.

The canal's sub-administrator Ilya Espino, told AFP that unless heavy rains fall in the next three months, "we are looking at a period of one year" of restricted access to the waterway.

That period will give clients "a year to plan" how to adapt.

The 50-mile (80-kilometer) byway is mainly used by clients from the United States, China, and Japan, and on Thursday, some 130 boats were backed up waiting to enter, compared to around 90 usually in the queue.

Waiting times, usually between three and five days, have gone up to 19 days at times, although they now stand at around 11 days.

In 2022, an average of 40 ships crossed through the canal a day, a number which has now dropped to 32 to save water.

A drought, made worse by the Pacific warming phenomenon known as El Nino, has also forced canal administrators to restrict the waterway to ships with a draft of 13.11 meters (43 feet) -- which refers to how deep they sit in the water.

For each ship, 200 million liters of freshwater is used to move it through the locks before being dumped into the sea.

Earlier this month canal operators said the restrictions were likely to result in a $200 million drop in earnings in 2024 compared to this year.

This week Panama President Laurentino Cortizo was forced to deny an assertion by his Colombian counterpart Gustavo Petro that the canal was closed due to drought.

Mexican President Andres Manuel Lopez Obrador, also referred this week to the "special" situation facing the waterway.

"We have a restriction in Panama as we have had on other occasions, but it is not true that the Panama Canal is closed," said Cortizo.

D.Wang--ThChM