The Panama Canal is imposing daily ship caps starting September 4th—34 vessels, then dropping to 32 by the 15th—after a surprise pivot from earlier “no limits” plans. Driven by an extended El Niño causing record-low rainfall (34% below average) and even steeper watershed water declines (44% below normal), canal operators are tightening operations: ships must carry less cargo, and critical lock depth upgrades are delayed until September 2nd and October 1st. Despite the strain, officials say they’re not improvising—they’re leveraging hard-won lessons from past droughts to keep this vital waterway running under extreme conditions.

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