The Fort Worth Press - Drought threatens Panama Canal shipping traffic

USD -
AED 3.67296
AFN 68.986845
ALL 88.969965
AMD 387.270127
ANG 1.802796
AOA 927.768991
ARS 962.753397
AUD 1.4734
AWG 1.8
AZN 1.693572
BAM 1.753208
BBD 2.019712
BDT 119.536912
BGN 1.752097
BHD 0.376888
BIF 2899.760213
BMD 1
BND 1.29254
BOB 6.912131
BRL 5.491298
BSD 1.000309
BTN 83.60415
BWP 13.223133
BYN 3.273617
BYR 19600
BZD 2.01627
CAD 1.35804
CDF 2870.99961
CHF 0.850865
CLF 0.033728
CLP 930.649455
CNY 7.053894
CNH 7.051255
COP 4164.05
CRC 519.014858
CUC 1
CUP 26.5
CVE 98.841848
CZK 22.491304
DJF 178.123389
DKK 6.694396
DOP 60.041863
DZD 132.296223
EGP 48.532203
ERN 15
ETB 116.075477
EUR 0.89753
FJD 2.20365
FKP 0.761559
GBP 0.753215
GEL 2.729926
GGP 0.761559
GHS 15.725523
GIP 0.761559
GMD 68.496907
GNF 8642.218776
GTQ 7.732543
GYD 209.255317
HKD 7.79285
HNL 24.813658
HRK 6.799011
HTG 131.985747
HUF 352.914008
IDR 15207.35
ILS 3.781975
IMP 0.761559
INR 83.505502
IQD 1310.379139
IRR 42092.541949
ISK 136.520177
JEP 0.761559
JMD 157.159441
JOD 0.708604
JPY 144.468987
KES 129.039771
KGS 84.238498
KHR 4062.551824
KMF 441.350034
KPW 899.999433
KRW 1336.780407
KWD 0.3051
KYD 0.833584
KZT 479.582278
LAK 22088.160814
LBP 89576.048226
LKR 305.193379
LRD 200.058266
LSL 17.560833
LTL 2.95274
LVL 0.60489
LYD 4.750272
MAD 9.699735
MDL 17.455145
MGA 4524.124331
MKD 55.221212
MMK 3247.960992
MNT 3397.999955
MOP 8.029402
MRU 39.752767
MUR 45.880203
MVR 15.359863
MWK 1734.35224
MXN 19.34178
MYR 4.204985
MZN 63.850133
NAD 17.560676
NGN 1639.449821
NIO 36.81526
NOK 10.539515
NPR 133.76929
NZD 1.60897
OMR 0.384969
PAB 1.000291
PEN 3.749294
PGK 3.91568
PHP 55.713941
PKR 277.935915
PLN 3.83435
PYG 7804.187153
QAR 3.646884
RON 4.464097
RSD 105.071026
RUB 92.644179
RWF 1348.488855
SAR 3.752472
SBD 8.306937
SCR 13.290029
SDG 601.512855
SEK 10.21527
SGD 1.29347
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 571.648835
SRD 30.205002
STD 20697.981008
SVC 8.752476
SYP 2512.529936
SZL 17.567198
THB 33.032038
TJS 10.633082
TMT 3.5
TND 3.030958
TOP 2.342097
TRY 34.1143
TTD 6.803666
TWD 32.008985
TZS 2726.201987
UAH 41.346732
UGX 3705.911619
UYU 41.33313
UZS 12729.090005
VEF 3622552.534434
VES 36.748857
VND 24605
VUV 118.722009
WST 2.797463
XAF 587.999014
XAG 0.032139
XAU 0.000382
XCD 2.70255
XDR 0.741335
XOF 588.001649
XPF 106.906428
YER 250.325013
ZAR 17.525402
ZMK 9001.198647
ZMW 26.482307
ZWL 321.999592
  • CMSC

    0.0300

    25.15

    +0.12%

  • NGG

    0.7850

    69.615

    +1.13%

  • BP

    -0.0530

    32.707

    -0.16%

  • BTI

    -0.0900

    37.48

    -0.24%

  • CMSD

    0.0050

    25.015

    +0.02%

  • GSK

    -0.6250

    40.995

    -1.52%

  • RIO

    -1.4400

    63.74

    -2.26%

  • SCS

    -0.2850

    13.025

    -2.19%

  • RYCEF

    0.0100

    6.96

    +0.14%

  • AZN

    -0.2700

    78.63

    -0.34%

  • RBGPF

    3.5000

    60.5

    +5.79%

  • BCC

    -1.3550

    143.335

    -0.95%

  • JRI

    -0.0950

    13.305

    -0.71%

  • BCE

    -0.2850

    34.905

    -0.82%

  • RELX

    -0.0750

    48.055

    -0.16%

  • VOD

    -0.0350

    10.025

    -0.35%

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