The China Mail - Drought threatens Panama Canal shipping traffic

USD -
AED 3.67301
AFN 71.021929
ALL 86.757891
AMD 388.845938
ANG 1.80229
AOA 916.000148
ARS 1165.000022
AUD 1.559315
AWG 1.8025
AZN 1.70406
BAM 1.718274
BBD 2.002838
BDT 121.45998
BGN 1.72222
BHD 0.376957
BIF 2973.111879
BMD 1
BND 1.309923
BOB 6.907155
BRL 5.619799
BSD 0.999627
BTN 85.145488
BWP 13.647565
BYN 3.271381
BYR 19600
BZD 2.008021
CAD 1.382775
CDF 2877.999765
CHF 0.824198
CLF 0.024644
CLP 945.690142
CNY 7.269496
CNH 7.2656
COP 4197
CRC 505.357119
CUC 1
CUP 26.5
CVE 96.873243
CZK 21.90485
DJF 178.012449
DKK 6.56135
DOP 58.908545
DZD 132.288977
EGP 50.801298
ERN 15
ETB 133.81045
EUR 0.87892
FJD 2.256403
FKP 0.746656
GBP 0.74686
GEL 2.745039
GGP 0.746656
GHS 14.294876
GIP 0.746656
GMD 71.492633
GNF 8658.065706
GTQ 7.698728
GYD 209.76244
HKD 7.75695
HNL 25.941268
HRK 6.620396
HTG 130.799
HUF 355.319478
IDR 16646.9
ILS 3.62904
IMP 0.746656
INR 85.090398
IQD 1309.571398
IRR 42100.000211
ISK 128.410025
JEP 0.746656
JMD 158.35182
JOD 0.7092
JPY 142.663004
KES 129.349896
KGS 87.450261
KHR 4001.774662
KMF 432.250121
KPW 900.101764
KRW 1422.724972
KWD 0.30632
KYD 0.833044
KZT 511.344318
LAK 21622.072771
LBP 89567.707899
LKR 299.446072
LRD 199.931473
LSL 18.549157
LTL 2.95274
LVL 0.60489
LYD 5.468994
MAD 9.272737
MDL 17.203829
MGA 4511.41031
MKD 54.061297
MMK 2099.785163
MNT 3572.381038
MOP 7.98763
MRU 39.575655
MUR 45.229907
MVR 15.400483
MWK 1733.40069
MXN 19.553103
MYR 4.310956
MZN 64.01011
NAD 18.549157
NGN 1601.519845
NIO 36.785022
NOK 10.359235
NPR 136.237321
NZD 1.68312
OMR 0.384995
PAB 0.999613
PEN 3.664973
PGK 4.141482
PHP 55.858498
PKR 280.826287
PLN 3.75155
PYG 8005.376746
QAR 3.644223
RON 4.374502
RSD 102.966435
RUB 82.000422
RWF 1428.979332
SAR 3.751033
SBD 8.361298
SCR 14.651979
SDG 600.501985
SEK 9.643735
SGD 1.305825
SHP 0.785843
SLE 22.75021
SLL 20969.483762
SOS 571.328164
SRD 36.849418
STD 20697.981008
SVC 8.746876
SYP 13001.961096
SZL 18.542907
THB 33.321501
TJS 10.555936
TMT 3.51
TND 2.990231
TOP 2.342102
TRY 38.501202
TTD 6.782431
TWD 31.975997
TZS 2685.000535
UAH 41.530014
UGX 3663.550745
UYU 42.090559
UZS 12943.724275
VES 86.54811
VND 26005
VUV 121.306988
WST 2.770092
XAF 576.298184
XAG 0.030422
XAU 0.000302
XCD 2.70255
XDR 0.71673
XOF 576.29312
XPF 104.776254
YER 245.050187
ZAR 18.54398
ZMK 9001.200989
ZMW 27.965227
ZWL 321.999592
  • RYCEF

    -0.1300

    10.12

    -1.28%

  • RBGPF

    -0.4500

    63

    -0.71%

  • BCC

    -0.8300

    94.5

    -0.88%

  • RIO

    0.0100

    60.88

    +0.02%

  • JRI

    0.1300

    12.93

    +1.01%

  • CMSD

    -0.1300

    22.35

    -0.58%

  • CMSC

    -0.0800

    22.24

    -0.36%

  • RELX

    0.4300

    53.79

    +0.8%

  • NGG

    0.1900

    73.04

    +0.26%

  • SCS

    0.1500

    10.01

    +1.5%

  • VOD

    0.0100

    9.58

    +0.1%

  • GSK

    0.9100

    38.97

    +2.34%

  • BTI

    0.4700

    42.86

    +1.1%

  • BP

    -1.0600

    28.07

    -3.78%

  • BCE

    0.1100

    21.92

    +0.5%

  • AZN

    1.7800

    71.71

    +2.48%

Drought threatens Panama Canal shipping traffic
Drought threatens Panama Canal shipping traffic / Photo: © AFP

Drought threatens Panama Canal shipping traffic

Drought has forced Panama's authorities to reduce shipping traffic in the canal that links the Atlantic and Pacific as a water supply crisis threatens the future of this crucial waterway.

Text size:

Two artificial lakes that feed the canal in the province of Colon have been depleted by lack of rain.

"This Lake Alhajuela has less water every day," Leidin Guevara, 43, who fishes in the lake, told AFP.

The Panamanian Canal Authority (ACP) has limited the largest ships passing through the canal for the fifth time during this drought season.

Some six percent of global maritime shipping passes through the canal, mostly from the United States, China and Japan.

Rain water is the energy source used in the Panama Canal to move ships through locks, up to as much as 26 meters above sea level.

The passage of each boat involves 200 million liters of fresh water flowing into the sea, which makes the Alhajuela and Gatun lakes vital.

According to the ACP, between March 21 and April 21, the Alhajuela level fell by seven meters -- more than 10 percent.

"The lack of rains impacts in various ways, firstly in the reduction in our water reserves," Erick Cordoba, the ACP water manager, told AFP.

That affects the canal's business with the largest vessels, which pay the highest fees, prevented from passing through, added Cordoba.

In the 2022 fiscal year more than 14,000 ships carrying 518 million tons of cargo passed through the canal, contributing $2.5 billion to the Panamanian treasury.

- 'Vital to find new water sources' -

Alarm bells were already set off in 2019 when the fresh water supplies dropped to just three billion cubic meters, some way short of the 5.25 billion needed to operate the canal.

Authorities fear that this operational uncertainty could lead some shipping companies to favor other routes, thus heightening the need to find solutions to guarantee the canal's operations over the long term.

Canal administrator Ricaurte Vasquez recently acknowledged to Panamanian website SNIP Noticias that water shortage was the main threat to shipping in the canal.

"Without a new reservoir that brings new volumes of water, this situation will remove the Canal's capacity to grow," former administrator Jorge Quijano told AFP.

"It is vital to find new water sources, especially faced with the climate change we are seeing, not just in our country but all over the world."

The Panama Canal basin also supplies water to more than half of the country's 4.3 million population.

The shortages have caused water supply problems in several parts of the country, provoking numerous protests.

Experts warn that water conflicts could arise between the canal and local populations given the disorderly urban sprawl developing around Panama City.

"We don't want to engage in a philosophical conflict over water for Panamanians or water for international commerce," said Vasquez.

The canal has suffered from "a lack of rain as we have had in the whole country, but within the parameters of what is a normal dry period," Luz de Calzadilla, general manager at Panama's meteorology and hydrology institute, told AFP.

However, the El Nino climate phenomenon will likely reduce rainfall in the second half of the year, added De Calzadilla.

"The truth is that the Canal administration is working magic to maintain business and fulfill a social responsibility such as drinking water for human consumption."

That is no solace to those facing water shortages on Lake Alhajuela.

"This year has been the most difficult I've seen for drought," said Guevara.

F.Jackson--ThChM