Panama Canal Eyes Adding New Reservoir to Boost Ship Transits

June 4, 2024

The Panama Canal is exploring the construction of a new water reservoir that would provide capacity for 11 additional ship crossings, the administrator of the key global waterway said in a statement on Tuesday.

The administration is also seeking to make its ship reservation system "more permanent," the statement added.

© turventur / Adobe Stock
© turventur / Adobe Stock


(Reuters - Reporting by Elida Moreno)

Related News

CMA CGM Sees Shipping Demand Holding Up After Restocking Wave Iran Releases Oil Carried by Tanker St Nikolas GE Vernova Says Faulty Manufacturing Led to Offshore Wind Blade Failure Russia Boosts Fuel Shipments to Latin America Carnival Orders Three Mega Cruise Ships from Fincantieri