BIMCO: Panama Canal Transits Remain 10% Below Average Despite Lifted Drought Restrictions

Ship transits through the Panama Canal remain significantly lower than historical averages, with capacity down 10% between September 2024 and January 2025 compared to the 2019-2022 average, according to BIMCO’s latest analysis.

The decline continues despite the lifting of transit restrictions that were implemented between June 2023 and September 2024 due to low water levels in Gatun Lake amid a severe drought during the 2023-2024 El Nino.

“Transit fees, changes in trade patterns and the establishment of a…