{"id":27847,"date":"2020-01-20T11:44:50","date_gmt":"2020-01-20T16:44:50","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=27847"},"modified":"2020-01-20T11:44:50","modified_gmt":"2020-01-20T16:44:50","slug":"panama-canal-reduces-slots-ships-due-droughts-levies-freshwater-charge","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-canal-reduces-slots-ships-due-droughts-levies-freshwater-charge\/","title":{"rendered":"Panama Canal reduces slots for ships due to droughts and levies ‘freshwater’ charge"},"content":{"rendered":"

\"\"<\/a><\/p>\n

The Panama Canal said on Monday it will cut its daily slot reservations due to droughts, and impose a \u201cfreshwater\u201d charge on ships to maintain the thoroughfare\u2019s levels, tightening access to one of the world\u2019s most important trading routes.<\/p>\n

Canal Administrator Ricaurte Vasquez told a news conference that from Feb. 15, a fixed charge would be set at $10,000 for any vessel over 125 feet long, as well as a variable surcharge based on the level of Gatun Lake at time of transit.<\/p>\n

<\/div>\n

\u201cIt\u2019s not an easy decision,\u201d Vasquez told reporters, adding that the short-term measure was needed to tackle the impact of climate change.<\/p>\n

Daily reservations would be reduced to 27 from 32, he said.<\/p>\n

The canal authority said the measures were being imposed due to a lack of rainfall, which has negatively affected the supply of water from Gatun Lake, a major part of the waterway.<\/p>\n

If water levels on the lake improve, the charge could be lowered and the reservation slots could rise, the canal said.<\/p>\n

Millions of dollars need to be spent to guarantee the water supply to the canal, Vasquez said.<\/p>\n

Local rainfall was 20 percent below the historical average last year, making 2019 the fifth driest year in seven decades.<\/p>\n

The canal, which opened a new set of locks in 2016, has historically handled about 5 percent of world trade.
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    The Panama Canal said on Monday it will cut its daily slot reservations due to droughts, and impose<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[242,12,241,39,248,34,33,62,42,219,11,249,243,7,255,246,244,260],"class_list":["post-27847","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-panama-real-estate-bocas-del-toro","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama-rent-in-boquete"],"yoast_head":"\nPanama Canal reduces slots for ships due 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