The Panama Canal will extend restrictions on ships' maximum depth, it said on Tuesday, and it has limited average crossings at one of the world's busiest trade passages to just 32 ships a day as a prolonged drought continues.
The Panama Canal Authority will maintain a depth limit of 44 feet, or 13.41 meters, for neo-Panamax container ships.that would have brought depth limits up half a foot, meaning ships would have needed to lighten their loads to float higher.
About 3.5% of the world's maritime trade passes through the 80-kilometer inter-oceanic waterway that connects the Atlantic and Pacific Oceans. "As part of a worldwide phenomenon, in the last six months, the Canal has experienced an extended dry season with high levels of evaporation, with a high probability of an El Nino condition before the end of this calendar year," the canal authority said.
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