The Japan Times - Drought threatens Panama Canal shipping traffic

EUR -
AED 4.286508
AFN 72.984916
ALL 95.285241
AMD 430.366477
ANG 2.089468
AOA 1071.306459
ARS 1624.159398
AUD 1.615887
AWG 2.103519
AZN 1.989975
BAM 1.949686
BBD 2.350918
BDT 143.280105
BGN 1.948798
BHD 0.440307
BIF 3471.826957
BMD 1.167001
BND 1.486208
BOB 8.065605
BRL 5.840607
BSD 1.167235
BTN 111.83991
BWP 16.440237
BYN 3.260991
BYR 22873.212895
BZD 2.347479
CAD 1.601767
CDF 2619.916164
CHF 0.914695
CLF 0.026532
CLP 1044.236588
CNY 7.918274
CNH 7.919406
COP 4422.617403
CRC 530.41633
CUC 1.167001
CUP 30.925517
CVE 110.516107
CZK 24.310136
DJF 207.399867
DKK 7.474057
DOP 69.66536
DZD 154.566908
EGP 61.710182
ERN 17.50501
ETB 183.744977
FJD 2.5576
FKP 0.86322
GBP 0.871014
GEL 3.127543
GGP 0.86322
GHS 13.315075
GIP 0.86322
GMD 84.661239
GNF 10246.266097
GTQ 8.905077
GYD 244.191156
HKD 9.14053
HNL 31.065356
HRK 7.534976
HTG 152.844834
HUF 357.742294
IDR 20463.706636
ILS 3.387338
IMP 0.86322
INR 111.692585
IQD 1528.770862
IRR 1534605.865331
ISK 143.751524
JEP 0.86322
JMD 184.551306
JOD 0.827368
JPY 184.799242
KES 150.834874
KGS 102.05397
KHR 4682.006532
KMF 492.474011
KPW 1050.266353
KRW 1743.125795
KWD 0.360008
KYD 0.972746
KZT 552.515121
LAK 25621.499127
LBP 105104.562444
LKR 379.64954
LRD 213.853019
LSL 19.243548
LTL 3.445849
LVL 0.705907
LYD 7.386857
MAD 10.746618
MDL 20.063828
MGA 4875.141458
MKD 61.658243
MMK 2450.543907
MNT 4178.01432
MOP 9.41695
MRU 46.668609
MUR 54.734502
MVR 17.961546
MWK 2031.747942
MXN 20.104507
MYR 4.588066
MZN 74.582844
NAD 19.244236
NGN 1598.055872
NIO 42.846436
NOK 10.778384
NPR 178.93947
NZD 1.973573
OMR 0.448703
PAB 1.167215
PEN 4.022661
PGK 4.89323
PHP 71.725003
PKR 325.133884
PLN 4.244673
PYG 7112.69685
QAR 4.2543
RON 5.201311
RSD 117.45276
RUB 85.482272
RWF 1704.987961
SAR 4.327033
SBD 9.354836
SCR 16.183476
SDG 700.787317
SEK 10.922429
SGD 1.489441
SHP 0.871284
SLE 28.766848
SLL 24471.422752
SOS 666.937915
SRD 43.420659
STD 24154.557453
STN 24.798764
SVC 10.212714
SYP 128.987104
SZL 19.244203
THB 37.834353
TJS 10.907457
TMT 4.084502
TND 3.370263
TOP 2.809857
TRY 53.062706
TTD 7.924946
TWD 36.812457
TZS 3028.366626
UAH 51.310947
UGX 4365.199908
USD 1.167001
UYU 46.483049
UZS 14056.523
VES 595.344003
VND 30744.632332
VUV 137.796705
WST 3.160846
XAF 653.892593
XAG 0.013987
XAU 0.000251
XCD 3.153878
XCG 2.103595
XDR 0.811029
XOF 650.607341
XPF 119.331742
YER 278.504878
ZAR 19.212912
ZMK 10504.409041
ZMW 21.972067
ZWL 375.773736
  • RBGPF

    -0.2100

    60.79

    -0.35%

  • RYCEF

    -0.0700

    15.93

    -0.44%

  • RELX

    -0.1600

    31.46

    -0.51%

  • CMSC

    0.0898

    23.14

    +0.39%

  • BCC

    2.4200

    69.4

    +3.49%

  • GSK

    -0.0300

    50.96

    -0.06%

  • BTI

    1.3500

    66.7

    +2.02%

  • CMSD

    0.0400

    23.6

    +0.17%

  • RIO

    -2.4500

    109.59

    -2.24%

  • VOD

    -0.0300

    15.48

    -0.19%

  • NGG

    0.4500

    87.43

    +0.51%

  • JRI

    0.0100

    13.14

    +0.08%

  • BCE

    -0.2000

    24.19

    -0.83%

  • AZN

    -2.7600

    184.96

    -1.49%

  • BP

    -0.0200

    44.12

    -0.05%

Drought threatens Panama Canal shipping traffic
Drought threatens Panama Canal shipping traffic / Photo: Luis ACOSTA - 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.

K.Inoue--JT