& Tobago

Very usefull links


News links




Dow Jones

Oil price



Views and News




Panama Canal Authority to lower draft restriction to 47 feet as of March 13


By Marieke Alsguth / Platts

Petroleumworld 02 14 2019

The Panama Canal Authority said Tuesday it will tighten the maximum draft restriction in the Neopanamax Locks to 47 feet, or 14.33 meters, starting March 13.

The change further restricts the transit of Suezmaxes through the canal, and marks the third restriction announced in 2019 based on low projected water levels in Gatun Lake.

A Suezmax vessel, when fully laden, cannot transit the canal at a 47-foot draft, as such tankers usually require a 50-foot draft for a full 1 million barrel cargo of 43 API crude.

For dry bulk vessel classes, Neopanamax and Capesize vessels cannot transit the canal at a 47-foot (14.33 meter) draft, as they require maximum drafts of 15 meters and 20 meters, respectively.

In the Tuesday announcement, ACP stated that vessels arriving after March 13 with drafts exceeding the maximum 47 feet may be allowed passage, taking into account the actual water level of the Gatun Lake at the time of passage. If water levels are too low, vessels with drafts exceeding 47 feet will be required to offload cargo to make the voyage through the Neopanamx Locks.

The 47-foot restriction will not affect Panamax vessels, as Panamaxes with the longest maximum draft when fully laden have drafts of 46-47 feet maximum, according to a dirty tanker shipbroker. "A Panamax will never hit 47 feet, neither will an Aframax," the shipbroker said.

Clean Medium Range and Long Range 1 tankers, along with all LNG vessel classes, can transit fully laden at the restricted 47-foot (14.33 meter) draft. Handysize, Supramax and Ultramax, and Panamax size dry bulk vessels, with maximum drafts of 10 meters, 11 meters, and 12 meters, respectively, will be able to pass through the restricted 14.33-meter maximum draft.

The restriction to 47 feet will decrease the maximum allowed draft for vessels transiting the Neopanamax Locks by 1 foot, or 0.3 meters, from the last restriction of 48 feet, or 14.63 meters, which was announced January 23 and will be implemented February 27.

The draft restriction currently in place for vessels transiting the Neopanamx Locks is 49 feet, or 14.94 meters, which was announced January 7 and went into effect February 11. It was preceded by a maximum draft restriction of 50 feet, or 15.24 meters, that was implemented June 26, 2018.

The ACP stated that further draft adjustments would be announced in 12-inch, or 30.5-centimeter, decrements, with advance notice of four weeks.

The Neopanamax locks are designed to allow vessels with a draft of 50 feet, or 15.2 meters, to transit. The maximum draft restrictions are based off the deepest point of the Gatun Lake in Tropical Fresh Water at a density of 0.9954 at 29.4 degrees Celsius (85 degrees Fahrenheit).



We invite you to join us as a sponsor.Circulated Videos, Articles, Opinions and Reports which carry your name and brand are used to target Entrepreneurs through our site, promoting your organization’s services. The opportunity is to insert in our stories pages short attention-grabbing videos, or to publish your own feature stories.



Story by Marieke Alsguth; Edited by Valarie Jackson from Platts / SPGlobal.

- marieke.alsguth@spglobal.com ; valarie.jackson@spglobal.com

02 13

Hit your target - Advertise with us

PW 300.000 plus request per week

Copyright© 1999-2019 Petroleumworld or respective author or news agency. All rights reserved.

We welcome the use of Petroleumworld™ (PW) stories by anyone provided it mentions Petroleumworld.com as the source.

Other stories you have to get authorization by its authors. Internet web links to http://www.petroleumworld.com are appreciated.

Petroleumworld welcomes your feedback and comments, share your thoughts on this article, your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter: @petroleumworld1



Contact: editor@petroleumworld.com,

Editor & Publisher: Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2019, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2019, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.