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Panama Canal Further Limits Daily Vessel Transits

Due to unprecedented low levels on Gatun Lake, the Panama Canal Authority (PCA) is further limiting the number of daily vessel transits, reaching a low of 18 vessels per day by February 2024.The water level on Gatun Lake, which is the water source for the canal, is currently 79.7 feet, 7% below the prior five-year average for October, according to the US Department of Agriculture’s Grain Transportation Report. The maximum sustainable capacity on the canal is 38-40 transits. The PCA took several water saving and conservation measures including reducing transit capacity to 32 vessels since July 30. Additional reductions were announced Sept. 29.

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