Earlier this year the media made much ado about drought conditions constraining traffic through the Panama Canal. But is it really all they’re making it out to be?

The most recent drought conditions started with below-average rainfall in late 2022, and by January 2024 were being described as the worst drought in Canal history. The Panama Canal Authority (ACP) ranked 2023 as the second driest year since 1950. News articles reported cargo traffic was reduced by nearly 40% and that the world faced a $270 billion traffic jam in Panama.