Panama Canal to Boost Daily Vessel Transits Amid Rain Relief

The Panama Canal Authority plans to raise the daily vessel transit slots from 34 to 36 starting in September, according to Deputy Administrator Ilya Espino. The move follows the early arrival of the rainy season, which has eased drought conditions that previously restricted canal usage.

Panama City, July 30 (Reuters) - The Panama Canal Authority is set to increase the number of daily vessel transit slots to 36 from the current 34 in September. According to Deputy Administrator Ilya Espino, recent rains have allowed authorities to ease drought-imposed limitations.

In the past few months, a prolonged drought reduced water levels in the canal, necessitating a decrease in the number of vessels permitted to transit. Espino stated, 'Now (the operation) is practically back to normal. We have 34 transits per day, and on August 5, we will increase to 35, with a further rise to 36 transits in September.'

The early onset of the rainy season has facilitated this adjustment, enabling the canal to accommodate more ships. Approximately 5% of global maritime trade passes through the Panama Canal.

(With inputs from agencies.)