Panama Canal

Panama Canal caps daily ship transits as El Niño drought worsens

The Panama Canal Authority announced on Thursday that it will cap the number of vessels permitted to transit the waterway each day beginning in September, as rainfall deficits linked to the El Niño climate phenomenon continue to deplete the artificial…

Mexico pushes $4B ‘dry canal’ as Panama Canal faces new El Niño strain

As global shipping costs climb under pressure from armed conflicts and climate disruption, Mexico is actively courting carriers with its Interoceanic Corridor of the Isthmus of Tehuantepec — a rail-based "dry canal" that officials say can move freight between oceans…

Gas tanker pays $4.6M to skip Panama Canal line

An empty gas supertanker will jump the queue at the Panama Canal next week after paying $4.6 million for priority passage, as the ongoing Iran war and falling water levels push auction prices to new highs at the vital waterway.

Record El Niño threatens Latin America’s crops, trade routes

Latin America is bracing for what experts say could be the strongest El Niño on record, raising questions about how the climate phenomenon will reshape agricultural output, energy markets, and trade routes across the world's top food-exporting region. Reuters reported…

Panama Canal auction fees hit record $1.1M amid Iran war, El Nino

The cost of transiting the Panama Canal has surged to record levels, with average winning auction bids reaching about $1.1 million this month — more than 16 times the level seen during the same period last year — as the…

NOAA puts super El Niño odds at 81% as Panama Canal tightens draft limits

Insurance and risk management firm TT Club has called on global supply chain operators to urgently review their resilience strategies as forecasts point to a developing "super" El Niño that could deliver simultaneous disruption to ports, energy systems, commodity markets,…

Panama Canal revenue to beat forecast amid Hormuz crisis

The Panama Canal expects fiscal 2026 revenue to exceed its initial $5.2 billion forecast after the closure of the Strait of Hormuz rerouted global shipping traffic through the waterway, incoming canal chief Ilya Espino de Marotta said in an interview…