Dossier
Panama Canal Authority
Coverage of Panama Canal Authority in the Nexus archive.
- Panama Canal Draft Cut Again as El Niño Threatens Water
The Panama Canal Authority is reducing the maximum vessel draft to 48.5 feet by mid-August 2026 due to a strengthening El Niño threatening Gatun Lake water levels. Daily transits remain unchanged despite tighter draft limits.
- Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold
Businesses are paying up to $4 million to transit the Panama Canal as geopolitical tensions block the Strait of Hormuz, causing a surge in demand and rerouted global trade. The Panama Canal Authority reports auction fees for urgent passage have spiked to $425,000 on average, with a fuel company paying $4 million to redirect a shipment to Singapore.