The latest restrictions on transits of the Panama Canal have prompted ONE CEO Jeremy Nixon to write to Panama President Cortizo while others divert sailings.
With the Panama Canal implementing sharp cuts in the number of booking slots for transits tankers are set to be squeezed out of using the key waterway.
The Panama Canal announced a series of sharp reductions in booking slots to just 18 daily by February 2024 following the driest month of October in 73 years.
The Panama Canal Authority (ACP) explores options through technology and new water sources to combat drought conditions but is ultimately climate-dependent.