Panama Canal Authority to Increase Capacity and Reduce Restrictions
The Panama Canal Authority is increasing capacity and reducing restrictions to address concerns of larger vessels. By July, the Neopanamax Locks will have nine daily transits, and the Panamax Locks will increase to 25 daily transits. The maximum draft will be increased to 46 feet, with plans for a new reservoir to accommodate more transits. Despite recent challenges, the Authority remains committed to maintaining canal operations.