Panama Canal Authority reportedly expects 1,500 less crossings next fiscal year

The Panama Canal Authority (ACP) foresees more than 1,500 fewer vessel transits for the upcoming fiscal year as it faces recurring droughts, according to a media report.

Minister of canal affairs Aristides Royo said ACP is expected to lower the number of deep-draught crossings by 1,515 ships during the fiscal period from 1 October 2023 to 30 September 2024, compared to the current fiscal year, according to a report by Panamanian newspaper La Prensa.