# Panama Canal restrictions influence shipping relia... | myKN

> Kuehne+Nagel reports that the Panama Canal Authority cut daily transits to 32 vessels from July 30 and is keeping draft restrictions on heavy ships. The rainy season has not yet restored water levels, and there is no container backlog on either side of the canal as of July 28.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: logistics · region Panama · magnitude medium
- Page: https://feedsoft.ai/events/34949-panama-canal-restrictions-influence-shipping-relia-mykn
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Reduced space and draft limits on heavier ships tighten capacity on Latin American and US East Coast routes, which keeps ocean freight rates firm for agricultural and bulk cargo.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- mykn.kuehne-nagel.com: https://mykn.kuehne-nagel.com/news/article/panama-canal-restrictions-influence-shipping-28-Jul-2023

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.