Bigger Means Better for Panama as Canal Competition is Contained — Panjiva
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Bigger Means Better for Panama as Canal Competition is Contained

Corp - Ports 661 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273 Mode - Tanker 170 Theme - Canals 87

Competition for volumes between the Panama and Suez Canals reached a deadlock in September with both seeing a 3% increase in transits vs. a year earlier. Panama likely did better in terms of volumes with larger, neopanamax vessels driving a potential 16% rise in volumes. Suez meanwhile only saw an increase because of tankers – especially LNG – with container-line transits having fallen by 2%. The widening China-U.S. trade spat, with duties covering $360 billion of bilateral trade by the end of September, may put pressure on both Canals’ volumes. Panama’s diversion of Asian ex...

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