The Panama Canal
Authority (ACP) has announced an increase in booking slots for its Panamax
locks starting mid-May, in response to current and predicted water levels in
Gatun Lake. .
With the dry season
coming to an end, the ACP has been gradually easing restrictions and increasing the number of daily transits from 24 to 27, as of
March 25.
Under the new
schedule, a total of 24 ships are now scheduled to cross daily from May 7 to
May 15 due to scheduled maintenance. From
May 16, this number will further increase to 31 per day in both the Panamax
(original) locks and Neopanamax (new) locks. Additionally, an extra slot
will open in the Neopanamax locks from June 1, with crossings expected to
remain at 32 per day until further notice.
The ACP also plans to
increase the maximum authorized draft for vessels transiting the Neopanamax
locks to 45 feet from June 15, an improvement from the current 44 feet.
The decision comes
amid optimism that rainfall will begin by late April and continue for several
months due to the weakening El Nino and the shift to La Nina this summer.
Assuming the forecasts
hold, the ACP aims to gradually lift all transit restrictions and fully normalize operations by 2025, allowing 36 daily transits and a maximum draft of
50 feet.
The ACP has been addressing these water issues by
developing a robust water management system and exploring solutions outside the
Panama Canal Watershed. A proposal has been presented to the Panamanian government to redefine
the Canal Watershed and remove restrictions on the construction of a new
reservoir. Meanwhile, the ACP is implementing water-saving measures and
developing short-term strategies to optimize water use.