Panama Canal Channeled Late Tariff-Related Growth in January — Panjiva


Panama Canal Channeled Late Tariff-Related Growth in January

Global 724 Mode - Seaborne 1275 Theme - Canals 87 U.S. 3310

The Panama Canal saw a return to activity growth in January with a 2.1% rise in the number of vessels crossing it from an average 1.9% decline in the fourth quarter. The outlook for the coming months may be less bright. A reduction in traffic from Asia resulting from fall-out from the U.S.-China trade war is one reason. Shipments from eight major Asian markets to the U.S. east coast – a proxy for eastbound traffic crossing the Canal – rose 10.5% year over year in January. Yet, those likely left Asia before the early December tariff truce reached between the U.S. and China. Shipment...

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