Since our May 22 report Panama Canal Hit By Shipping Restrictions As Water Crisis Set To Worsen, the draft restriction on the canal appears to have remained at 44 feet. For some context, a 50-foot draft is considered average for the canal during normal weather conditions, though a recent drought has left Lake Gatun, the largest of two lakes that feed the canal, with extremely low water levels.
https://www.zerohedge.com/commodities/big-mess-panama-canal-hit-200-ship-bottleneck
https://www.zerohedge.com/commodities/big-mess-panama-canal-hit-200-ship-bottleneck
Since our May 22 report Panama Canal Hit By Shipping Restrictions As Water Crisis Set To Worsen, the draft restriction on the canal appears to have remained at 44 feet. For some context, a 50-foot draft is considered average for the canal during normal weather conditions, though a recent drought has left Lake Gatun, the largest of two lakes that feed the canal, with extremely low water levels.
https://www.zerohedge.com/commodities/big-mess-panama-canal-hit-200-ship-bottleneck