2018 Ends With a Whimper But Panama Canal Diversion Effect Remains — Panjiva


2018 Ends With a Whimper But Panama Canal Diversion Effect Remains

Corp - Ports 661 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273 Theme - Canals 87

Shipping via the Panama Canal ended 2018 on a low-note with a 3.2% decline in vessels transiting the canal in December compared to a year earlier. That meant the full year saw an increase of just 0.3%, though the increased use of the canal by larger vessels likely meant volumes handled rose 8.0%. The start to 2019 will be driven by rising interest in the Canal from larger vessels, offset by the risk to volumes from the U.S.-China trade war. The diversion of traffic from Asia to the U.S. east coast caused by the Canal continued to apace in 2018 with a 10.8% rise in imports from major Asia...

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