Panama Canal Reduces Daily Ship Crossings Due to Severe Drought
- Panama Canal reducing daily ship crossings from 32 to 31 due to severe drought expected to last until 2023
- Additional changes include 9 ships through Neopanamax lock and 22 through Panamax lock daily
- Transit reservation quotas adjusted to max of 30 per day to reduce delays and backlogs
- New transit schedules offered to help customers adjust itineraries and reduce wait times
- Drought estimated to reduce Panama Canal revenues by up to $200 million through 2024
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