East-of-Panama Ports Smoke California as Canal Transits Rise, Tariffs Arrive — Panjiva
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East-of-Panama Ports Smoke California as Canal Transits Rise, Tariffs Arrive

Corp - Ports 663 Global 723 Mode - Containerized 1006 Mode - Seaborne 1275 Theme - Canals 87 U.S. 3306

The Panama Canal saw a 3% rise in transits in August vs. a year earlier with a 50% rise in neopanamax shipments. The latter was the result of a reallocation of slot bookings and likely drove a 14% rise in volumes handled. Looking ahead the biggest challenge will come from the impact on Transpacific shipping due to the widening U.S.-China trade war. The increase to $250 billion of products covered from $50 billion may have an outsized effect on container-lines given coverage is extended to capital goods and furniture rather than just commodities and electronics. A 0.2% drop in containeriz...

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