# Oil and water shape Panama Canal's future -

> Two years after the expanded Panama Canal opened, the waterway has attracted services from the Suez Canal and seen carriers deploy larger ships. Administrator Jorge Quijano expects more traffic as carriers seek cost savings from the shorter route. The canal authority is studying a third reservoir and whether larger locks are needed, because water supply is under pressure from erratic rainfall and population growth.

- Date: 2018-07-16 · published 2018-07-16T12:00:00.000Z
- Category: logistics · region Panama · magnitude low
- Page: https://feedsoft.ai/events/63931-oil-and-water-shape-panama-canal-s-future
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Canal capacity and water availability influence freight routing for grain and oilseed exports to Asia. Water constraints could limit transits and add cost, which matters for ocean freight rates on US and South American cargoes.

## Read by commodity

- OCEANFRT: neutral

## Sources

- panamaadvisoryinternationalgroup.com: https://panamaadvisoryinternationalgroup.com/blog/oil-water-shape-panama-canals-future/

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