09/18/2026
Draft restrictions rarely cancel sailings. They change the economics.
Ships still sail. They carry less weight, add canal surcharges, bid up
auctioned slots, or reroute via Suez or the Cape and add transit days.
The Canal Authority has warned that a strengthening El Niño is
threatening the rainfall that refills Gatun and Alajuela lakes. The
playbook for low water is well established: cut maximum draft first,
then trim daily transit slots.
We broke down the exposure by vertical, from toys and consumer
electronics to apparel and auto parts, with a full importer checklist:
https://na2.hubs.ly/H07V_1Q0
The Panama Canal warns a strengthening El Niño threatens lake levels. What draft cuts and slot limits mean for Asia to US East Coast freight budgets.