The Panama Canal Authority has announced that it will reduce the number of daily transits mostly in Panamax locks to conserve water, with transits decreasing from 36 to 34 a day to 32 to 30. The restrictions have been imposed to postpone water depth restrictions, which would impact the amount of freight vessels can carry. The Panama Canal is a key trade gateway for the US, with 40% of all US container traffic travelling through it each year. A severe drought is threatening the long-term future of the century-old shipping route.

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