Lengthy Panama Canal Transit Delays

The Panama Canal is suffering one its periodic congestion periods with more than 128 vessels waiting last week for transit with delays for non-pre-booked vessels of 5-7 days. The Panama Canal Authority blamed several days of fog last week which slowed transit times. Standard pre-booking slots which come with an increased transit fee are scarce with only the small number of slots open to the highest bidder – sometimes in the six figure range.