Panama Canal Implements Deeper Ship Restrictions Amid Drought Crisis.

The Panama Canal will impose further restrictions on the largest ships crossing the waterway due to shallower waters caused by a drought. The new restrictions, which will take effect on Sunday, limit neo-Panamax container ships to a depth limit of 43.5 feet, meaning they must either carry less cargo or shed weight in order to float higher. Ship traffic using the canal accounts for about 3.5% of global trade. The limits will not affect liquefied natural gas carriers.