# Panama Canal Authority suspends latest draft restrictions on ships - FreightWaves

> The Panama Canal Authority suspended a planned tightening of draft limits on ships, keeping current limits of 44.0 feet for Neopanamax and 39.5 feet for Panamax locks. Dry conditions are expected to persist through July and possibly until year-end due to low Gatun Lake levels.

- Date: 2019-07-12 · published 2019-07-12T12:00:00.000Z
- Category: logistics · region Panama · magnitude low
- Page: https://feedsoft.ai/events/57985-panama-canal-authority-suspends-latest-draft-restrictions-on-ships-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Keeping draft limits unchanged eases near-term constraints on grain cargo loadings through the canal, but ongoing drought risk could still restrict shipments and raise freight costs later.

## Read by commodity

- CORN: neutral
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-01-19 | [Panama Canal restrictions' impact on supply chains \| McKinsey](https://feedsoft.ai/events/32022-panama-canal-restrictions-impact-on-supply-chains-mckinsey.md) | +0.8% | -6.7% |
| CORN | 2019-04-26 | [The future of the Panama Canal: What’s next for grain and coal shipping - FreightWaves](https://feedsoft.ai/events/59492-the-future-of-the-panama-canal-what-s-next-for-grain-and-coal-shipping.md) | +0.6% | +5.3% |
| CORN | 2025-02-06 | [BIMCO: Panama Canal Transits Remain 10% Below Average Despite Lifted Drought Restrictions](https://feedsoft.ai/events/16964-bimco-panama-canal-transits-remain-10-below-average-despite-lifted-drought.md) | +1.4% | -7.2% |
| CORN | 2017-07-07 | [Panama Mission focuses on logistics and freight reduction - Revista Cultivar](https://feedsoft.ai/events/69843-panama-mission-focuses-on-logistics-and-freight-reduction-revista-cultivar.md) | -4.4% | -3.6% |
| CORN | 2021-02-26 | [Study shows use of Panama Canal may reduce freight costs on 'Northern Arc' exports by 35% - DatamarNews](https://feedsoft.ai/events/48523-study-shows-use-of-panama-canal-may-reduce-freight-costs-on-northern-arc.md) | -1.0% | +4.7% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/panama-canal-authority-suspends-latest-draft-restrictions-on-ships

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