Panama and Suez Handle a Flood of New Traffic, Neopanamax Transits Hit a Record — Panjiva
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Panama and Suez Handle a Flood of New Traffic, Neopanamax Transits Hit a Record

Global 1391 Mode - Seaborne 1845 Theme - Canals 141 U.S. 5399

Traffic handling via the Panama and Suez Canals surged by 8% vs. a year earlier in October, with the former modestly edging ahead of the latter. Panama’s rate of expansion was the fastest since August 2015. Meanwhile the Suez Canal has not expanded that quickly since June 2015. Panama also set a new record for neopanamax-grade transits, with the result that tonnage climbed 21%. The growth looks set to continue after neopanamax slot bookings also hit a record. U.S. southeast ports are still reaping the benefits of Asian traffic diversions via the Panama Canal. Their share of inbound traff...

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