World Economy

Panama Bans Biggest Ships

Panama Bans Biggest Ships Panama Bans Biggest Ships

The Panama Canal Authority said next month it will temporarily limit the size of ships using the waterway because drought has lowered water levels in Gatun and Alhajuela lakes, AP reported. The restriction, which is the first such hold-down because of weather in nearly 20 years, takes effect Sept. 8 and had been expected by shippers. Only a minority of ships now using the canal will be kept out, the authority said. Rainfall over the watershed feeding the lakes at the midsection of the waterway has fallen sharply as a result of the El Nino weather phenomenon, lowering the lake levels. Similar problems occurred in 1997-98.