Panama Canal water levels to remain exceptionally low for months

(Posted on 04/09/23)

Record year-on-year declines in rainfall has been identified as the ‘likely culprit’ for the Panama Canal drought, as water levels are likely to remain exceptionally low for months, despite forecasted short-term improvements.

Isaac Hankes, Senior Weather Analyst at London Stock Exchange Group, comments:

“The Panama Canal is experiencing major, ongoing disruptions in the shipping supply chain due to restrictions on traffic related to very low water levels. This is the result of drought conditions that rapidly developed from the beginning of the year through June and have held steady since that time. In fact, 2023 is off to the driest start during January-July since 2015, which had a similar rainfall rate (see figure below). Furthermore, this represents a departure from a long-term wetter trend as reflected by data from 1981-present.

“While the low rainfall rate itself is not historic in nature over the long-term, 2023 does show the largest decline in rainfall rate year over year on the record. This sudden drying after a wet 2022 is the likely culprit for the rapid drop in canal water levels.

“There has been a slight improvement in rainfall over the past two months, which has resulted in a stabilization of Panama Cana water levels after months of sharp declines. However, rains have not increased enough to raise water levels or to lessen the drought; rather a worsening scenario was simply avoided.

“The forecast through the next two weeks does show a more significant period of high rainfall that could finally start to raise water levels in the canal. Unfortunately, high rainfall is likely to be temporary, as the second half of September is likely to feature widespread dryness once again across Panama. Furthermore, season forecast guidance through the end of the year suggests that dry weather could persist. This means that Panama Canal water levels are likely to remain exceptionally low for months ahead yet despite short-term improvements in the forecast.”

Latest News

Columbia expects significant growth as more owners shift operations to the UAE

Columbia Group anticipates a period of strong expansion as an increasing number of international shipowners... Read more

Norse Ship Management emerges as digital leader among new-generation ship managers

Norse?Ship Management has expanded its use of Smart Ship Hub’s high frequency sensor data and... Read more

Maritime health experts welcome STCW amendments, but urge against checkbox compliance

As the maritime industry gears up to welcome the IMO’s STCW bullying and harassment training amendments... Read more

NORDEN acquires Southern African cargo activities of Taylor Maritime

NORDEN has acquired the cargo activities of Taylor Maritime in Southern Africa (previously operated... Read more

IMO delay could spark fragmentation risks, warns EmissionLink

Philippos Ioulianou, Managing Director of EmissionLink, has warned the IMO’s decision to delay... Read more

VIKAND highlights bullying and harassment as major mental health concern

VIKAND has highlighted the need for cultural change in the maritime sector as reports of bullying, harassment... Read more

DNV and WMMF guide to support shipowners' path to net-zero

The maritime industry is experiencing a period of significant transformation, driven by rapidly evolving... Read more

NorthStandard takes prudent position on P&I premiums

NorthStandard has advised Members of a 5% increase in P&I premiums for the marine insurance year... Read more

Anemoi completes Rotor Sail installation on NS United bulk carrier

Anemoi Marine Technologies, the UK-based leading designer of Rotor Sails for wind-assisted ship propulsion... Read more

LR and Marshall Islands certify Helm CONNECT electronic record books

Helm Operations has announced that nine electronic record books within Helm CONNECT Logbook have been... Read more