Panama Canal transit facing costs spike due to weight restrictions ahead of super El Niño

We're talking about the Pan Panama Canal where next week more weight restrictions go into effect to preserve water ahead of what some are calling a super El Nino. Now, this could prove especially disruptive this year given that traffic through the canal is up 12% according to BIM BIMCO amid disruptions in the Middle East. Now, it's especially true for fuel products.Diesel, gas, and jet cargos up 40%. LG transits up 74%. And the canal is now at over capacity, which has pushed auction prices for available tra ...