The Panama Canal reported higher transit volumes and cargo tonnage during the third quarter of fiscal year 2026 (October 2025–June 2026), while continuing to adapt its operations to meet global shipping demand in anticipation of a severe El Niño event. The Panama Canal provided a market update during a conference call hosted by Anne Milne, managing director of emerging markets corporate research at Bank of America Merrill Lynch, which highlighted its operational performance and long-term strategic initiatives. The call featured Panama Canal Administrator Dr. Ricaurte Vásquez Morales, Deputy Administrator, Chief Sustainability Officer, and Administrator-designate Ilya Espino de Marotta, as well as Vice President of Finance Víctor Vial. Operational Performance Administrator Vásquez highlighted the Panama Canal’s strong operational performance. As of June 30, FY2026, the Panama Canal averaged 35 daily transits, with a total of 10,726 transits during the current fiscal year (October–June), a 5.2% increase from the 10,191 transits recorded during the same period in FY2025. During the same period, the canal handled 389.96 million Panama Canal Universal Measurement System (PC/UMS) tons, up 7.2% from 363.66 million PC/UMS tons during the corresponding period of the previous fiscal year. Additionally, Dr. Vásquez noted that container ships and liquefied petroleum gas (LPG) carriers continue to drive this growth. “Our strategic initiatives continue to advance with both the port terminal and pipeline projects entering the final prequalification stage, alongside continued progress on the Río Indio reservoir and the Logistics Corridor project,” the administrator said. A Strong Fiscal Year Vice President of Finance Víctor Vial said the Panama Canal delivered a very strong first nine months of the fiscal year. “We continue to strengthen our balance sheet, which is essential for the investments ahead. Demand has also remained very strong,” he said. During the period, revenues reach