Transits through the Panama Canal increased 6% on a year earlier, but slipped 17% from March’s peak. That was the result of increased maintenance levels. A reversal of these in July will add around 16% to capacity. More concerningly only 78% of neopanamax slots were booked, down from a peak of 87%. While traffic has slowed, the “diversion effect” reasserted itself in the second quarter of 2017. Volumes handled by U.S. ports of traffic coming from Asia increased 8% for those east of the Canal vs. a 5% growth for those west of the Canal. Ports in the northwest lost out most, seeing a 6% dr...