Panama Canal to Expand Transit Slots Amid Increased Rainfall

The Panama Canal plans to boost daily vessel transit slots from 34 to 36 starting in September. Deputy Administrator Ilya Espino noted the decision follows increased rainfall, which is expected to normalize operations after restrictions were imposed due to prolonged drought and low water levels.

The Panama Canal is set to increase its daily vessel transit slots to 36 from the current 34 beginning in September, according to the canal's deputy administrator, Ilya Espino.

Espino highlighted that operations are expected to normalize in September due to increased rainfall, which is anticipated to restore the water levels that were lowered by a prolonged drought.

The drought had forced the canal's authority to impose restrictions on the vessels transiting the canal, but the situation is set to improve with the advent of more rain.

(With inputs from agencies.)