HOUSTON — The Panama Canal Authority could double in coming years the number of containers that move through the commercial waterway that links the Pacific and the Atlantic oceans, the canal's chief told a maritime conference on Friday.
HOUSTON — The Panama Canal Authority could double in coming years the number of containers that move through the commercial waterway that links the Pacific and the Atlantic oceans, the canal's chief told a maritime conference on Friday.The authority, which has an $8 billion investment plan, is putting in place a water conservation strategy following a severe drought that forced ships between late 2023 and early 2024 to take alternative routes between the United States and Asia.
A prior expansion, which introduced a third set of locks in 2016, has allowed the waterway to focus more on container ships than bulk carriers. However, the canal in October began to see a return of bulk carriers, Vasquez said.Through a new long-term slot reservation system, the canal last month allocated about 40 percent of its largest locks' passage capacity for next year. Container ships and liquefied natural gas vessels secured the most slots.
Canal Transit Could Increase Says Chief
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