The Fort Worth Press - Drought threatens Panama Canal shipping traffic

USD -
AED 3.672504
AFN 66.265317
ALL 82.40468
AMD 381.537936
ANG 1.790403
AOA 917.000367
ARS 1449.250402
AUD 1.508523
AWG 1.8025
AZN 1.70397
BAM 1.670125
BBD 2.014261
BDT 122.309039
BGN 1.670704
BHD 0.377951
BIF 2957.004398
BMD 1
BND 1.292857
BOB 6.910892
BRL 5.541304
BSD 1.000043
BTN 89.607617
BWP 14.066863
BYN 2.939243
BYR 19600
BZD 2.011357
CAD 1.37965
CDF 2558.50392
CHF 0.79556
CLF 0.023213
CLP 910.640396
CNY 7.04095
CNH 7.033604
COP 3808
CRC 499.466291
CUC 1
CUP 26.5
CVE 94.159088
CZK 20.779904
DJF 178.088041
DKK 6.380104
DOP 62.644635
DZD 130.069596
EGP 47.704197
ERN 15
ETB 155.362794
EUR 0.853804
FJD 2.283704
FKP 0.746974
GBP 0.747496
GEL 2.68504
GGP 0.746974
GHS 11.486273
GIP 0.746974
GMD 73.000355
GNF 8741.72751
GTQ 7.663208
GYD 209.231032
HKD 7.78155
HNL 26.346441
HRK 6.434404
HTG 131.121643
HUF 330.190388
IDR 16697
ILS 3.20705
IMP 0.746974
INR 89.57735
IQD 1310.106315
IRR 42100.000352
ISK 125.630386
JEP 0.746974
JMD 160.018787
JOD 0.70904
JPY 157.75804
KES 128.909953
KGS 87.450384
KHR 4013.492165
KMF 420.00035
KPW 899.985447
KRW 1475.760383
KWD 0.30723
KYD 0.83344
KZT 517.535545
LAK 21660.048674
LBP 89556.722599
LKR 309.636651
LRD 177.012083
LSL 16.776824
LTL 2.95274
LVL 0.60489
LYD 5.420776
MAD 9.166901
MDL 16.930959
MGA 4548.055164
MKD 52.559669
MMK 2099.831872
MNT 3551.409668
MOP 8.015542
MRU 40.023056
MUR 46.150378
MVR 15.450378
MWK 1734.170189
MXN 18.033704
MYR 4.077039
MZN 63.903729
NAD 16.776824
NGN 1460.160377
NIO 36.804577
NOK 10.138704
NPR 143.372187
NZD 1.737016
OMR 0.385423
PAB 1.000043
PEN 3.367832
PGK 4.254302
PHP 58.571038
PKR 280.195978
PLN 3.59225
PYG 6709.363392
QAR 3.641038
RON 4.335404
RSD 100.004038
RUB 80.695957
RWF 1456.129115
SAR 3.750651
SBD 8.146749
SCR 15.161607
SDG 601.503676
SEK 9.268304
SGD 1.293304
SHP 0.750259
SLE 24.050371
SLL 20969.503664
SOS 570.513642
SRD 38.441504
STD 20697.981008
STN 20.921395
SVC 8.750267
SYP 11057.107339
SZL 16.774689
THB 31.425038
TJS 9.215661
TMT 3.5
TND 2.927287
TOP 2.40776
TRY 42.746504
TTD 6.787925
TWD 31.518904
TZS 2495.196618
UAH 42.285385
UGX 3577.131634
UYU 39.263908
UZS 12022.543871
VES 282.15965
VND 26312.5
VUV 121.400054
WST 2.789362
XAF 560.144315
XAG 0.014892
XAU 0.000231
XCD 2.70255
XCG 1.8024
XDR 0.69664
XOF 560.144315
XPF 101.840229
YER 238.403589
ZAR 16.77901
ZMK 9001.203584
ZMW 22.626703
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    -0.1200

    23.17

    -0.52%

  • JRI

    -0.0500

    13.38

    -0.37%

  • RBGPF

    0.0000

    80.22

    0%

  • NGG

    -0.2800

    76.11

    -0.37%

  • BCC

    -2.9300

    74.77

    -3.92%

  • RIO

    0.6900

    78.32

    +0.88%

  • GSK

    0.3200

    48.61

    +0.66%

  • BCE

    -0.0100

    22.84

    -0.04%

  • CMSD

    -0.0300

    23.25

    -0.13%

  • RELX

    0.0800

    40.73

    +0.2%

  • BTI

    -0.5900

    56.45

    -1.05%

  • VOD

    0.0400

    12.84

    +0.31%

  • AZN

    0.7500

    91.36

    +0.82%

  • RYCEF

    0.2800

    15.68

    +1.79%

  • BP

    0.6300

    33.94

    +1.86%

Drought threatens Panama Canal shipping traffic
Drought threatens Panama Canal shipping traffic / Photo: © AFP

Drought threatens Panama Canal shipping traffic

Drought has forced Panama's authorities to reduce shipping traffic in the canal that links the Atlantic and Pacific as a water supply crisis threatens the future of this crucial waterway.

Text size:

Two artificial lakes that feed the canal in the province of Colon have been depleted by lack of rain.

"This Lake Alhajuela has less water every day," Leidin Guevara, 43, who fishes in the lake, told AFP.

The Panamanian Canal Authority (ACP) has limited the largest ships passing through the canal for the fifth time during this drought season.

Some six percent of global maritime shipping passes through the canal, mostly from the United States, China and Japan.

Rain water is the energy source used in the Panama Canal to move ships through locks, up to as much as 26 meters above sea level.

The passage of each boat involves 200 million liters of fresh water flowing into the sea, which makes the Alhajuela and Gatun lakes vital.

According to the ACP, between March 21 and April 21, the Alhajuela level fell by seven meters -- more than 10 percent.

"The lack of rains impacts in various ways, firstly in the reduction in our water reserves," Erick Cordoba, the ACP water manager, told AFP.

That affects the canal's business with the largest vessels, which pay the highest fees, prevented from passing through, added Cordoba.

In the 2022 fiscal year more than 14,000 ships carrying 518 million tons of cargo passed through the canal, contributing $2.5 billion to the Panamanian treasury.

- 'Vital to find new water sources' -

Alarm bells were already set off in 2019 when the fresh water supplies dropped to just three billion cubic meters, some way short of the 5.25 billion needed to operate the canal.

Authorities fear that this operational uncertainty could lead some shipping companies to favor other routes, thus heightening the need to find solutions to guarantee the canal's operations over the long term.

Canal administrator Ricaurte Vasquez recently acknowledged to Panamanian website SNIP Noticias that water shortage was the main threat to shipping in the canal.

"Without a new reservoir that brings new volumes of water, this situation will remove the Canal's capacity to grow," former administrator Jorge Quijano told AFP.

"It is vital to find new water sources, especially faced with the climate change we are seeing, not just in our country but all over the world."

The Panama Canal basin also supplies water to more than half of the country's 4.3 million population.

The shortages have caused water supply problems in several parts of the country, provoking numerous protests.

Experts warn that water conflicts could arise between the canal and local populations given the disorderly urban sprawl developing around Panama City.

"We don't want to engage in a philosophical conflict over water for Panamanians or water for international commerce," said Vasquez.

The canal has suffered from "a lack of rain as we have had in the whole country, but within the parameters of what is a normal dry period," Luz de Calzadilla, general manager at Panama's meteorology and hydrology institute, told AFP.

However, the El Nino climate phenomenon will likely reduce rainfall in the second half of the year, added De Calzadilla.

"The truth is that the Canal administration is working magic to maintain business and fulfill a social responsibility such as drinking water for human consumption."

That is no solace to those facing water shortages on Lake Alhajuela.

"This year has been the most difficult I've seen for drought," said Guevara.

A.Nunez--TFWP