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We would like to share with you a brief update regarding the latest situation affecting the Panama Canal, which could have relevant implications for international shipping and logistics during the coming months.
The Panama Canal Authority (ACP) has announced a progressive reduction in daily transit capacity, from the current 36 vessels per day to 34 from 4 September, and subsequently to 32 from 15 September 2026.
This decision follows a significant deterioration in hydrological conditions. Between May and August 2026, rainfall across the Canal watershed was 34% below the historical average, while inflows were 44% below average.
The situation is particularly relevant in view of forecasts pointing towards a potentially strong 2026–2027 El Niño, which could place additional pressure on water availability during the coming dry season.
The ACP has also warned that vessels without reservations may face longer waiting times and has introduced changes to the allocation and auction system for available transit slots. In addition, previously announced restrictions on maximum authorised draft have been postponed.
Although the immediate reduction in capacity is relatively moderate, the potential impact on shipping could become more significant if restrictions persist or are further tightened.
LNG, LPG and container shipping are considered among the most exposed sectors, while selected tanker, Ro-Ro, automotive and dry-bulk trades may also be affected through longer voyages, increased bunker consumption, changes in vessel positioning and potential alternative routing.
The attached full report provides a more detailed assessment of the situation, including the potential risks by vessel segment, logistical and operational implications, alternative routing considerations and possible consequences for vessel availability and freight markets.
We believe this is an issue worth monitoring closely, particularly as we approach the final quarter of 2026 and the January–April 2027 dry season.
The report is based primarily on information published by the Panama Canal Authority (ACP), complemented by reporting from Reuters and background information from UN Trade and Development (UNCTAD).
We hope you find this information useful.
We remain at your entire disposal!
