The Panama Canal Authority has imposed further draft restrictions for vessels transiting through the canal effective April 29 due to ongoing El Nino-related droughts in the region. In a shipping advisory Friday, the authority said the maximum allowable draft will be reduced further to 11.74 meters (38.5 feet) from April 29. This is the second restriction announced this year. On March 21, the authority, also known as the ACP, said it would temporarily lower the maximum allowable draft for transiting vessels to 11.89 meters (39 feet) from April 18. “As in the past, draft restrictions will be implemented in 15 cm (6 inch) decrements at a time, with each restriction announced at least four weeks in advance,” the ACP said in the Friday advisory. Article Continues below… Dirty Tankerwire delivers the most important developments in the dirty tanker market, daily, direct to your desktop. Extensive listings and clear analysis […]