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Panama Canal Rations Capacity, Trims Draft as Red Dots Warn of El Niño Drought
The Panama Canal is rationing daily booking capacity and cutting maximum neopanamax draft ahead of an expected El Niño-driven drought, with Gatun Lake levels projected to keep falling through October. MSC introduced a $100 per TEU surcharge on Asia–US East/Gulf coast cargo, while CMA CGM raised canal-related charges, according to Splash247.
Aug 19, 2026 1 source