Panama Canal cuts Neopanamax draft and daily transit slots

Panama Canal cuts Neopanamax draft and daily transit slots. The disruption ran from 2026-07-01 (July 2026), and is ongoing, affecting Panama Canal. Panama Canal averaged 29.3 transits per day during the event window against an expected 33.1 (-11.6%). Panama Canal averaged 7.9 transits per day during the event window against an expected 8.2 (-4.0%).

Follow this disruption day by day

Key facts

Started
2026-07-01 (July 2026)
Ended
Not ended
Status
ongoing
Severity
3 Significant
Scope
chokepoint
Chokepoints
Panama Canal
Ports
None
Lanes
None
Countries
Panama
Confidence
high: Four dated canal authority notices agree on the draft and slot steps. The exact start is uncertain: press put the first cut at 2026-07-01 while the advisory read gives 2026-07-24 for its first step, so the start is recorded to the month. PortWatch transit counts fell only about 10 percent, so the measured effect is small.
First reported
2026-06-05 (5 June 2026)
  • Severity basis: Any restriction at a chokepoint: the Panama Canal Authority lowered the maximum Neopanamax draft in steps from July 2026 and cut daily lock slots from 2026-09-03.

What happened

The Panama Canal Authority began cutting the maximum draft allowed in the Neopanamax locks in July 2026, citing low water in Gatun Lake and a developing El Nino. An advisory dated 2026-07-01 (1 July 2026) set 14.94 metres from 2026-07-24, then 14.78 metres from 2026-08-15; a notice of 2026-08-05 added 14.63 metres and 14.48 metres. From 2026-09-03 the canal reduced daily Neopanamax slots to nine and Panamax slots to 25, with 23 from 2026-09-15. On 2026-09-04 it postponed the 14.48 metre step and kept 14.63 metres. IMF PortWatch daily transits averaged 32.3 from May to 2026-07-23 and 29.2 from 2026-07-24 to 2026-09-02.

Measured effect

Transits, all vessel types, Panama Canal

Baseline (expected)
33.1 transits per day
Observed
29.3 transits per day
Change
-3.8 (-11.6%)
Standardised score
-0.7
Event window
2026-07-01 to 2026-10-28 (120 days, provisional)
Baseline window
2026-04-29 to 2026-06-23 (56 valid days)
Method
wfm-effect-1.0
Computed
2026-11-10 (10 November 2026), data revision 1:9baa64bda396
Transits, all vessel types, Panama CanalTransits, all vessel types, Panama Canal, 2026-04-22 (22 April 2026) to 2026-11-08 (8 November 2026): values ranged from 22 transits per day on 2026-11-08 to 83 transits per day on 2026-07-13, with a mean of 30.2 transits per day. The latest value, for 2026-11-08, was 22 transits per day. The shaded band marks the event window, 2026-07-01 to 2026-11-08.0204060801002026-04-222026-07-312026-11-08
Transits, all vessel types, Panama Canal, 2026-04-22 (22 April 2026) to 2026-11-08 (8 November 2026): values ranged from 22 transits per day on 2026-11-08 to 83 transits per day on 2026-07-13, with a mean of 30.2 transits per day. The latest value, for 2026-11-08, was 22 transits per day. The shaded band marks the event window, 2026-07-01 to 2026-11-08.

Source: IMF PortWatch (portwatch.imf.org), International Monetary Fund, using UN Global Platform AIS data. Statistics derived by World Freight Monitor. Terms. Retrieved 2026-11-10 (10 November 2026).

Transits, all vessel types, Panama Canal (transits per day).
Datetransits per day
2026-04-2235
2026-04-2335
2026-04-2434
2026-04-2537
2026-04-2636
2026-04-2733
2026-04-2836
2026-04-2938
2026-04-3035
2026-05-0137
2026-05-0239
2026-05-0333
2026-05-0440
2026-05-0530
2026-05-0636
2026-05-0736
2026-05-0833
2026-05-0933
2026-05-1036
2026-05-1134
2026-05-1232
2026-05-1334
2026-05-1433
2026-05-1534
2026-05-1635
2026-05-1735
2026-05-1833
2026-05-1934
2026-05-2040
2026-05-2137
2026-05-2232
2026-05-2336
2026-05-2434
2026-05-2531
2026-05-2634
2026-05-2735
2026-05-2832
2026-05-2933
2026-05-3034
2026-05-3129
2026-06-0132
2026-06-0229
2026-06-0332
2026-06-0426
2026-06-0533
2026-06-0631
2026-06-0732
2026-06-0830
2026-06-0925
2026-06-1025
2026-06-1125
2026-06-1224
2026-06-1323
2026-06-1426
2026-06-1524
2026-06-1624
2026-06-1723
2026-06-1835
2026-06-1932
2026-06-2033
2026-06-2136
2026-06-2232
2026-06-2334
2026-06-2427
2026-06-2533
2026-06-2636
2026-06-2733
2026-06-2833
2026-06-2930
2026-06-3032
2026-07-0136
2026-07-0231
2026-07-0334
2026-07-0430
2026-07-0537
2026-07-0629
2026-07-0727
2026-07-0832
2026-07-0932
2026-07-1031
2026-07-1129
2026-07-1234
2026-07-1383
2026-07-1429
2026-07-1528
2026-07-1629
2026-07-1732
2026-07-1831
2026-07-1934
2026-07-2028
2026-07-2130
2026-07-2223
2026-07-2330
2026-07-2431
2026-07-2530
2026-07-2624
2026-07-2731
2026-07-2831
2026-07-2930
2026-07-3033
2026-07-3129
2026-08-0133
2026-08-0227
2026-08-0329
2026-08-0431
2026-08-0531
2026-08-0629
2026-08-0733
2026-08-0828
2026-08-0929
2026-08-1026
2026-08-1130
2026-08-1229
2026-08-1328
2026-08-1431
2026-08-1531
2026-08-1633
2026-08-1723
2026-08-1827
2026-08-1931
2026-08-2027
2026-08-2126
2026-08-2225
2026-08-2328
2026-08-2430
2026-08-2525
2026-08-2628
2026-08-2731
2026-08-2829
2026-08-2930
2026-08-3031
2026-08-3129
2026-09-0131
2026-09-0230
2026-09-0330
2026-09-0430
2026-09-0534
2026-09-0626
2026-09-0727
2026-09-0830
2026-09-0931
2026-09-1034
2026-09-1128
2026-09-1229
2026-09-1329
2026-09-1423
2026-09-1525
2026-09-1625
2026-09-1728
2026-09-1827
2026-09-1928
2026-09-2027
2026-09-2125
2026-09-2232
2026-09-2327
2026-09-2426
2026-09-2524
2026-09-2625
2026-09-2730
2026-09-2830
2026-09-2928
2026-09-3025
2026-10-0124
2026-10-0228
2026-10-0326
2026-10-0429
2026-10-0527
2026-10-0626
2026-10-0724
2026-10-0825
2026-10-0923
2026-10-1024
2026-10-1132
2026-10-1223
2026-10-1325
2026-10-1431
2026-10-1526
2026-10-1630
2026-10-1730
2026-10-1829
2026-10-1928
2026-10-2029
2026-10-2127
2026-10-2228
2026-10-2328
2026-10-2433
2026-10-2528
2026-10-2628
2026-10-2727
2026-10-2832
2026-10-2923
2026-10-3027
2026-10-3127
2026-11-0127
2026-11-0230
2026-11-0324
2026-11-0432
2026-11-0527
2026-11-0625
2026-11-0731
2026-11-0822

This is a measured change in public data during the event window, compared with a baseline before it. It shows timing, not cause. We describe an event as causing a change only when an official source says so.

Transits, container ships, Panama Canal

Baseline (expected)
8.2 transits per day
Observed
7.9 transits per day
Change
-0.3 (-4.0%)
Standardised score
-0.1
Event window
2026-07-01 to 2026-10-28 (120 days, provisional)
Baseline window
2026-04-29 to 2026-06-23 (56 valid days)
Method
wfm-effect-1.0
Computed
2026-11-10 (10 November 2026), data revision 1:51059e92264d
Transits, container ships, Panama CanalTransits, container ships, Panama Canal, 2026-04-22 (22 April 2026) to 2026-11-08 (8 November 2026): values ranged from 4 transits per day on 2026-04-27 to 20 transits per day on 2026-07-13, with a mean of 8.0 transits per day. The latest value, for 2026-11-08, was 8 transits per day. The shaded band marks the event window, 2026-07-01 to 2026-11-08.051015202026-04-222026-07-312026-11-08
Transits, container ships, Panama Canal, 2026-04-22 (22 April 2026) to 2026-11-08 (8 November 2026): values ranged from 4 transits per day on 2026-04-27 to 20 transits per day on 2026-07-13, with a mean of 8.0 transits per day. The latest value, for 2026-11-08, was 8 transits per day. The shaded band marks the event window, 2026-07-01 to 2026-11-08.

Source: IMF PortWatch (portwatch.imf.org), International Monetary Fund, using UN Global Platform AIS data. Statistics derived by World Freight Monitor. Terms. Retrieved 2026-11-10 (10 November 2026).

Transits, container ships, Panama Canal (transits per day).
Datetransits per day
2026-04-228
2026-04-237
2026-04-249
2026-04-258
2026-04-2610
2026-04-274
2026-04-2810
2026-04-299
2026-04-309
2026-05-019
2026-05-029
2026-05-039
2026-05-0410
2026-05-058
2026-05-068
2026-05-075
2026-05-087
2026-05-0910
2026-05-1010
2026-05-115
2026-05-124
2026-05-138
2026-05-1410
2026-05-158
2026-05-168
2026-05-179
2026-05-189
2026-05-196
2026-05-208
2026-05-219
2026-05-228
2026-05-239
2026-05-247
2026-05-2512
2026-05-268
2026-05-279
2026-05-288
2026-05-295
2026-05-3011
2026-05-317
2026-06-017
2026-06-026
2026-06-0311
2026-06-044
2026-06-057
2026-06-0611
2026-06-078
2026-06-088
2026-06-0910
2026-06-107
2026-06-118
2026-06-124
2026-06-138
2026-06-1414
2026-06-156
2026-06-168
2026-06-179
2026-06-189
2026-06-198
2026-06-209
2026-06-216
2026-06-229
2026-06-236
2026-06-247
2026-06-258
2026-06-268
2026-06-279
2026-06-289
2026-06-296
2026-06-307
2026-07-0111
2026-07-026
2026-07-037
2026-07-049
2026-07-0510
2026-07-066
2026-07-078
2026-07-088
2026-07-098
2026-07-108
2026-07-117
2026-07-126
2026-07-1320
2026-07-148
2026-07-156
2026-07-169
2026-07-175
2026-07-1811
2026-07-195
2026-07-206
2026-07-2110
2026-07-228
2026-07-239
2026-07-248
2026-07-258
2026-07-269
2026-07-279
2026-07-2811
2026-07-297
2026-07-309
2026-07-317
2026-08-019
2026-08-028
2026-08-035
2026-08-047
2026-08-055
2026-08-069
2026-08-0710
2026-08-087
2026-08-0911
2026-08-107
2026-08-118
2026-08-126
2026-08-138
2026-08-147
2026-08-157
2026-08-1612
2026-08-175
2026-08-188
2026-08-197
2026-08-208
2026-08-218
2026-08-2210
2026-08-239
2026-08-248
2026-08-259
2026-08-268
2026-08-279
2026-08-285
2026-08-298
2026-08-309
2026-08-319
2026-09-019
2026-09-027
2026-09-0310
2026-09-045
2026-09-056
2026-09-0610
2026-09-074
2026-09-087
2026-09-096
2026-09-109
2026-09-118
2026-09-128
2026-09-138
2026-09-144
2026-09-156
2026-09-165
2026-09-178
2026-09-187
2026-09-196
2026-09-208
2026-09-217
2026-09-228
2026-09-239
2026-09-247
2026-09-258
2026-09-2611
2026-09-277
2026-09-287
2026-09-2910
2026-09-309
2026-10-019
2026-10-029
2026-10-037
2026-10-047
2026-10-0510
2026-10-067
2026-10-077
2026-10-086
2026-10-096
2026-10-108
2026-10-1110
2026-10-128
2026-10-137
2026-10-148
2026-10-157
2026-10-164
2026-10-176
2026-10-189
2026-10-199
2026-10-2010
2026-10-216
2026-10-229
2026-10-238
2026-10-248
2026-10-259
2026-10-269
2026-10-276
2026-10-289
2026-10-297
2026-10-306
2026-10-3111
2026-11-019
2026-11-025
2026-11-0310
2026-11-047
2026-11-059
2026-11-067
2026-11-0711
2026-11-088

This is a measured change in public data during the event window, compared with a baseline before it. It shows timing, not cause. We describe an event as causing a change only when an official source says so.

Previous computations (28)
  • 2026-10-28, wfm-effect-1.0, revision 1:c5f4bd8d5376: observed 31.6 against baseline 30.3 transits per day
  • 2026-09-22, wfm-effect-1.0, revision 1:167873be4671: observed 31.4 against baseline 30.3 transits per day
  • 2026-09-22, wfm-effect-1.0, revision 1:b4a732282bcc: observed 8.0 against baseline 7.8 transits per day
  • 2026-10-21, wfm-effect-1.0, revision 1:373f9a49ae40: observed 8.0 against baseline 7.7 transits per day
  • 2026-10-21, wfm-effect-1.0, revision 1:f7e0fdcc9068: observed 31.6 against baseline 30.3 transits per day
  • 2026-10-18, wfm-effect-1.0, revision 1:2344d3337f03: observed 8.1 against baseline 7.7 transits per day
  • 2026-10-18, wfm-effect-1.0, revision 1:1bd539e9b1fd: observed 31.5 against baseline 30.3 transits per day
  • 2026-09-20, wfm-effect-1.0, revision 1:a560ce145ba8: observed 31.3 against baseline 30.3 transits per day
  • 2026-09-20, wfm-effect-1.0, revision 1:436dc289658f: observed 8.0 against baseline 7.8 transits per day
  • 2026-09-29, wfm-effect-1.0, revision 1:09a4aaaf61f9: observed 8.0 against baseline 7.8 transits per day
  • 2026-10-06, wfm-effect-1.0, revision 1:9a1c975898ab: observed 31.4 against baseline 30.3 transits per day
  • 2026-10-28, wfm-effect-1.0, revision 1:9644dc6b8f63: observed 8.0 against baseline 7.7 transits per day
  • 2026-09-29, wfm-effect-1.0, revision 1:cd9fb10b0fb9: observed 31.4 against baseline 30.3 transits per day
  • 2026-10-06, wfm-effect-1.0, revision 1:0f0d4da7bf8c: observed 8.0 against baseline 7.8 transits per day
  • 2026-09-20, wfm-effect-1.0, revision 1:ad3f63d25cec: observed 8.0 against baseline 8.2 transits per day
  • 2026-09-22, wfm-effect-1.0, revision 1:832b40cfcdc0: observed 7.9 against baseline 8.2 transits per day
  • 2026-10-18, wfm-effect-1.0, revision 1:0ce0c7a47fd9: observed 7.9 against baseline 8.2 transits per day
  • 2026-10-18, wfm-effect-1.0, revision 1:e9c63b947ee6: observed 29.4 against baseline 33.1 transits per day
  • 2026-09-20, wfm-effect-1.0, revision 1:8b154fd99529: observed 30.5 against baseline 33.1 transits per day
  • 2026-09-29, wfm-effect-1.0, revision 1:3c321abcc6a1: observed 7.9 against baseline 8.2 transits per day
  • 2026-09-29, wfm-effect-1.0, revision 1:e07df4e9e52d: observed 29.9 against baseline 33.1 transits per day
  • 2026-10-06, wfm-effect-1.0, revision 1:52d352ab27f3: observed 29.7 against baseline 33.1 transits per day
  • 2026-10-06, wfm-effect-1.0, revision 1:a309653c6d63: observed 7.9 against baseline 8.2 transits per day
  • 2026-10-28, wfm-effect-1.0, revision 1:79136ba1e5b3: observed 29.3 against baseline 33.1 transits per day
  • 2026-10-28, wfm-effect-1.0, revision 1:50d3fee2c76d: observed 7.9 against baseline 8.2 transits per day
  • 2026-09-22, wfm-effect-1.0, revision 1:d883fb75a39b: observed 30.1 against baseline 33.1 transits per day
  • 2026-10-21, wfm-effect-1.0, revision 1:83182c5d269f: observed 29.3 against baseline 33.1 transits per day
  • 2026-10-21, wfm-effect-1.0, revision 1:a9cede11e12a: observed 7.9 against baseline 8.2 transits per day

Replay

Replay: Transits, all vessel types, Panama CanalTransits, all vessel types, Panama Canal, 2026-05-02 (2 May 2026) to 2026-11-08 (8 November 2026): values ranged from 22 transits per day on 2026-11-08 to 83 transits per day on 2026-07-13. The shaded band marks the event window, 2026-07-01 to 2026-11-08.0204060801002026-05-022026-11-08
Transits, all vessel types, Panama Canal, 2026-05-02 (2 May 2026) to 2026-11-08 (8 November 2026): values ranged from 22 transits per day on 2026-11-08 to 83 transits per day on 2026-07-13. The shaded band marks the event window, 2026-07-01 to 2026-11-08.

Source: IMF PortWatch (portwatch.imf.org), International Monetary Fund, using UN Global Platform AIS data. Statistics derived by World Freight Monitor. Terms. Retrieved 2026-11-10 (10 November 2026).

Transits, all vessel types, Panama Canal (transits per day), daily values shown in the replay.
Datetransits per day
2026-05-0239
2026-05-0333
2026-05-0440
2026-05-0530
2026-05-0636
2026-05-0736
2026-05-0833
2026-05-0933
2026-05-1036
2026-05-1134
2026-05-1232
2026-05-1334
2026-05-1433
2026-05-1534
2026-05-1635
2026-05-1735
2026-05-1833
2026-05-1934
2026-05-2040
2026-05-2137
2026-05-2232
2026-05-2336
2026-05-2434
2026-05-2531
2026-05-2634
2026-05-2735
2026-05-2832
2026-05-2933
2026-05-3034
2026-05-3129
2026-06-0132
2026-06-0229
2026-06-0332
2026-06-0426
2026-06-0533
2026-06-0631
2026-06-0732
2026-06-0830
2026-06-0925
2026-06-1025
2026-06-1125
2026-06-1224
2026-06-1323
2026-06-1426
2026-06-1524
2026-06-1624
2026-06-1723
2026-06-1835
2026-06-1932
2026-06-2033
2026-06-2136
2026-06-2232
2026-06-2334
2026-06-2427
2026-06-2533
2026-06-2636
2026-06-2733
2026-06-2833
2026-06-2930
2026-06-3032
2026-07-0136
2026-07-0231
2026-07-0334
2026-07-0430
2026-07-0537
2026-07-0629
2026-07-0727
2026-07-0832
2026-07-0932
2026-07-1031
2026-07-1129
2026-07-1234
2026-07-1383
2026-07-1429
2026-07-1528
2026-07-1629
2026-07-1732
2026-07-1831
2026-07-1934
2026-07-2028
2026-07-2130
2026-07-2223
2026-07-2330
2026-07-2431
2026-07-2530
2026-07-2624
2026-07-2731
2026-07-2831
2026-07-2930
2026-07-3033
2026-07-3129
2026-08-0133
2026-08-0227
2026-08-0329
2026-08-0431
2026-08-0531
2026-08-0629
2026-08-0733
2026-08-0828
2026-08-0929
2026-08-1026
2026-08-1130
2026-08-1229
2026-08-1328
2026-08-1431
2026-08-1531
2026-08-1633
2026-08-1723
2026-08-1827
2026-08-1931
2026-08-2027
2026-08-2126
2026-08-2225
2026-08-2328
2026-08-2430
2026-08-2525
2026-08-2628
2026-08-2731
2026-08-2829
2026-08-2930
2026-08-3031
2026-08-3129
2026-09-0131
2026-09-0230
2026-09-0330
2026-09-0430
2026-09-0534
2026-09-0626
2026-09-0727
2026-09-0830
2026-09-0931
2026-09-1034
2026-09-1128
2026-09-1229
2026-09-1329
2026-09-1423
2026-09-1525
2026-09-1625
2026-09-1728
2026-09-1827
2026-09-1928
2026-09-2027
2026-09-2125
2026-09-2232
2026-09-2327
2026-09-2426
2026-09-2524
2026-09-2625
2026-09-2730
2026-09-2830
2026-09-2928
2026-09-3025
2026-10-0124
2026-10-0228
2026-10-0326
2026-10-0429
2026-10-0527
2026-10-0626
2026-10-0724
2026-10-0825
2026-10-0923
2026-10-1024
2026-10-1132
2026-10-1223
2026-10-1325
2026-10-1431
2026-10-1526
2026-10-1630
2026-10-1730
2026-10-1829
2026-10-1928
2026-10-2029
2026-10-2127
2026-10-2228
2026-10-2328
2026-10-2433
2026-10-2528
2026-10-2628
2026-10-2727
2026-10-2832
2026-10-2923
2026-10-3027
2026-10-3127
2026-11-0127
2026-11-0230
2026-11-0324
2026-11-0432
2026-11-0527
2026-11-0625
2026-11-0731
2026-11-0822

This is a measured change in public data during the event window, compared with a baseline before it. It shows timing, not cause. We describe an event as causing a change only when an official source says so.

Timeline

  1. Press reports the canal has announced a precautionary reduction in Neopanamax draft, a step it had said in mid-May it did not expect to need. [s5]
  2. Advisory A-22-2026 sets the maximum Neopanamax draft at 14.94 metres from 2026-07-24 and 14.78 metres from 2026-08-15. [s1]
  3. The canal announces further draft steps to 14.63 metres and 14.48 metres and says they do not change the number of daily transits. [s2]
  4. An advisory cuts daily Neopanamax slots to nine from 2026-09-03 and Panamax slots to 25, then 23 from 2026-09-15. [s3]
  5. The canal postpones the 14.48 metre step and keeps the 14.63 metre limit. [s4]

Cause

The canal authority cited low water in Gatun Lake, below-expected rainfall in the watershed and a developing El Nino. [s1] [s3]

Corrections

No corrections to this record as of 2026-09-20 (20 September 2026).

Sources

  1. [s1] Panama Canal Authority, Advisory to Shipping A-22-2026: Draft adjustment in the Neopanamax Locks, published 2026-07-01 (1 July 2026), accessed 2026-09-20. Archived copy. (official)
  2. [s2] Panama Canal Authority, Panama Canal Announces New Draft Adjustments for Neopanamax Locks, published 2026-08-05 (5 August 2026), accessed 2026-09-20. Archived copy. (official)
  3. [s3] Panama Canal Authority, Panama Canal Adopts Additional Measures to Address Reduced Precipitation in the Canal Watershed, published 2026-08-20 (20 August 2026), accessed 2026-09-20. Archived copy. (official)
  4. [s4] Panama Canal Authority, Panama Canal Postpones Neopanamax Draft Adjustment, published 2026-09-04 (4 September 2026), accessed 2026-09-20. Archived copy. (official)
  5. [s5] The Maritime Executive, Panama Canal Preemptively Lowers Draft Levels Due to El Nino Forecast, published 2026-06-05 (5 June 2026), accessed 2026-09-20. Archived copy. (press)
  6. [s6] IMF PortWatch, Daily chokepoint transit calls, Panama Canal, accessed 2026-09-20. (data)

Cite this record

The address of this record is permanent and a correction is always logged on this page, so a citation names the version you read. Add the date you accessed it.

Plain text

World Freight Monitor. "Panama Canal cuts Neopanamax draft and daily transit slots." Last updated 2026-09-20 (20 September 2026). https://worldfreightmonitor.com/events/2026/panama-canal-draft-and-slot-cuts-2026/

APA

World Freight Monitor. (2026). Panama Canal cuts Neopanamax draft and daily transit slots. World Freight Monitor. https://worldfreightmonitor.com/events/2026/panama-canal-draft-and-slot-cuts-2026/

BibTeX

@misc{wfm_panama_canal_draft_and_slot_cuts_2026,
  author = {{World Freight Monitor}},
  title = {Panama Canal cuts Neopanamax draft and daily transit slots},
  year = {2026},
  note = {Last updated 2026-09-20},
  url = {https://worldfreightmonitor.com/events/2026/panama-canal-draft-and-slot-cuts-2026/}
}