Panama drought crisis eases but still impacts bulkers

In the first four months of the year, low water in the Panama Canal has meant that 74% fewer bulk ships have passed through the shortcut between the Pacific and Atlantic.
Unlike dry bulk carriers, container ships typically operate on fixed schedules, making it easier for them to book transit times through the Panama Canal. As a result, many dry bulk operators have chosen to reroute their vessels, according to Bimco's analysis.
Unlike dry bulk carriers, container ships typically operate on fixed schedules, making it easier for them to book transit times through the Panama Canal. As a result, many dry bulk operators have chosen to reroute their vessels, according to Bimco's analysis.

The prolonged water crisis in the Panama Canal, a main tradelane between the Pacific and Atlantic, has significantly affected the dry bulk market in the first four months of the year.

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