OMM Redaksiyası
The number of daily vessel transits through the Panama Canal, one of the main gateways of global trade, is being gradually reduced because of a severe drought caused by the El Niño weather phenomenon.
"Operative Information Center-OMM" reports, citing foreign media.
The Panama Canal handles about 5 percent of global maritime trade and approximately 40 percent of US container traffic. It plays a vital role by reducing the distance and costs of shipments between Asia and the Americas.
However, worsening drought and declining rainfall in the region have lowered water levels in the canal. As the water level in Gatun Lake has fallen, the canal administration has been forced to strengthen safety measures.
Under the administration’s preliminary plan, the average number of vessels able to transit the canal each day will be reduced to 29.5 starting in November. The figure stood at 36 vessels during the summer. Gradual restrictions were introduced in August and September, further reducing the number of transits.
The restrictions have resulted in long lines of vessels at the canal. Some container ships have reportedly paid millions of dollars to secure passage ahead of others.
Experts say the El Niño weather phenomenon, which is expected to reach its strongest level in 40 years, could peak in the coming months, potentially leading to further tightening of the restrictions.
The situation is prompting the search for alternative routes in global supply chains and driving up logistics costs. The Panama Canal, which opened in 1914, connects the Atlantic and Pacific oceans and remains a key route for commercial shipping.
