Big Boats Keep Suez and Panama Growing As Trade Threats Loom — Panjiva


Big Boats Keep Suez and Panama Growing As Trade Threats Loom

Global 722 Mode - Bulk 101 Mode - Containerized 1005 Mode - Seaborne 1273 Mode - Tanker 170 Theme - Canals 87

Shipping activity through the Suez Canal increased by 7.9% year over year in January, driven by a 16.0% rise in tanker crossings after energy prices recovered. While the number of container ships fell there was a 7.2% rise in average vessel size which ensured the tonnage crossing the canal improved. Suez’s growth outpaced that seen through the Panama Canal which saw a 2.1% rise in the number of shipments. Both remain exposed to a potential slowdown in global trade though depending on the outcome of the U.S.-China trade talks.

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