Amid misinformation, rumour and false reports that the Panama Canal has closed, it’s essential to set the record straight – the Canal is fully operational and functioning seamlessly. Since February of this year, the Panama Canal Authority (ACP) announced the implementation of limited transit drafts, a practice it has employed many times in the past during the summer season and periods of restricted water levels. In anticipation of a drought this year, additional draft restrictions were progressively implemented. And as the most pessimistic predictions have become reality, the ACP
implemented further measures to address the backlog and minimise delays for vessels waiting to transit.
The first measure, implemented on 8 August 2023, was to activate Condition 3 – this condition is reserved for when the projections show that 90 or more vessels will be awaiting transit at both terminals for at least two consecutive days in the coming 48 hours. It also removed the third period
booking slots. This gives vessels the option to transit without having to participate in costly auctions. These measures will stay in force until 2 September 2023. By taking prompt action, the ACP has addressed the operational challenges and successfully alleviated the backlog. The number of vessels waiting for transit has decreased from 167 on 8 August 2023 to 134 on 29 August 2023.
From Conservation to Expansion
Given the unpredictable nature of rainfall in Panama, the ACP prioritizes watershed preservation projects to ensure a consistent water supply – both for Panamanians and to ensure the Canal’s continued operations.
Water Conservation Strategy
Under the Water Projects Program, the ACP has signed an agreement with the US Army Corps of Engineers (USACE) to achieve an optimized water management system. It covers a portfolio of projects designed to provide a raw water supply solution for over half of the country’s population, including the provinces of Panama, Colon and West Panama. It also addresses the Canal’s water needs, considering sustainable development, climate scenarios and growth projections. USACE’s involvement includes reviewing existing studies, identifying and executing required evaluations, developing models and simulations, and preparing conceptual designs, among other program activities.
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