Monday, January 20, 2020
Canal climate threats.
The Panama Canal Authority (ACP) has announced that it will introduce a 10,000-dollar surcharge on ships over 125 feet (38.1 metres) in length, with effect from February 15. Other fees will also be applied to vessels depending on water levels at the time of transit. Recent droughts in areas around the canal have reduced water levels, restricting the number of vessels that can transit the waterway. The situation -- largely attributed to climate change -- threatens to deteriorate further over the coming years, undermining the canal’s reliability as a logistics and transport hub.