There is also a low level of risk associated with the 102 year old waterway. There is around 1 incident for every 6,000 transits, instead in Suez Canal it’s around 1 for every 1,450 transits. And it is trending further down. Over the last 20 years, the main causes of shipping incidents were vessel collisions, contact with walls and machinery damage and failure.
In an attempt to maintain the safety and reduce incidents, the Panama Canal Authority (ACP) invested in training resources, prevention programs and contingency plans. One example is a training for captains because the Canal represents a “new shipping environment for many marines” according to Captain Rahul Khanna , Global Head of Marine Risk Consulting at AGCS.