Panama Canal Postpones Depth Restrictions After Much-Needed Rain

PANAMA CITY (Reuters) – The Panama Canal will postpone depth restrictions that were set to affect the largest ships crossing the key waterway, the canal authority said, after much-needed rain provided relief to the strained maritime passage.

A series of measures were scheduled to go into effect on June 25 and July 9 requiring ships to float at higher depths, meaning they needed to carry less cargo or otherwise shed weight and impacting trade at one of the world’s busiest commercial crossings.

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