Panama Canal cuts vessels to 32 daily due to El Niño impact

The Panama Canal Authority (ACP) announced that from September 15, the daily vessel passage will decrease from 36 to 32 due to low rainfall linked to El Niño. This change aims to preserve service reliability and safeguard water resources. Approximately 14,000 ships transit the canal yearly, which is vital for global trade and generates around $3 billion annually for Panama. This reduction follows prior cuts during past El Niño events, raising concerns about potential disruptions in shipping and economic impacts for Panama and global markets.