# Panama adds slots as Hormuz and El Niño pull freight in opposite directions

> The Panama Canal is reported to be lifting its daily transit to 34 vessels and restoring the 50-foot Neopanamax draft. Commentary also notes IMO calls for tighter enforcement in the Strait of Hormuz and a possible El Niño that could reverse the canal relief.

- Date: 2026-11-11 · published 2026-11-12T00:15:16.829Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/94445-panama-adds-slots-as-hormuz-and-el-nino-pull-freight-in-opposite-directions
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Canal capacity gains lower freight costs for coal, grain and energy cargoes, but a possible El Niño drought could reverse the relief and tighten transit later, adding freight volatility for feed buyers.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- globalmaterialsreview.com: https://globalmaterialsreview.com/a/panama-adds-slots-as-hormuz-and-el-ni-o-pull-freight-in-opposite-directions

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