Panama Canal Eyes Adding New Reservoir to Boost Ship Transits

June 4, 2024

© turventur / Adobe Stock
© turventur / Adobe Stock

The Panama Canal is exploring the construction of a new water reservoir that would provide capacity for 11 additional ship crossings, the administrator of the key global waterway said in a statement on Tuesday.

The administration is also seeking to make its ship reservation system "more permanent," the statement added.


(Reuters - Reporting by Elida Moreno)

Logistics News

Trump Says No Rush for Iran Deal, US Blockade Stays

Trump Says No Rush for Iran Deal, US Blockade Stays

CMA CGM Q1 Resilient, but Shipping Margins Tighten Amid Geopolitical Turbulence

CMA CGM Q1 Resilient, but Shipping Margins Tighten Amid Geopolitical Turbulence

EU Temporarily Suspends Fertilizer Duties Amidst Hormuz Crisis

EU Temporarily Suspends Fertilizer Duties Amidst Hormuz Crisis

Syria, CMA CGM to Operate Two Dry Ports

Syria, CMA CGM to Operate Two Dry Ports

Subscribe for Maritime Logistics Professional E‑News

ADB provides $5 billion to Bangladesh in response to economic pressures
Carney emphasizes importance of Alberta following separation vote announcement
INDIA RUPEE - Oil slump and central bank support manifested in rupee's 3-day winning streak