Vessel transits through the Panama Canal climbed 3.3% in September compared to a year earlier, including a 10.9% surge in larger neopanamax vessels. That’s come despite a decline in China-to-U.S. traffic due to the trade war, and likely reflects the influence of replacement goods shipped from other Asian countries. The Canal may still be facilitating the diversion of traffic to U.S. east coast ports from those in California. Seaborne shipments to the east coast of the U.S. from eight major Asian exporting economies rose by 9.1% year over year in September while those to Californian ports...
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