Panama Canal May Be Feeling First Twinges of China Tariff Pain — Panjiva


Panama Canal May Be Feeling First Twinges of China Tariff Pain

Global 722 Mode - Seaborne 1273 Theme - Canals 87

The Panama Canal saw a decline in activity in March with a 1.9% year over year drop in vessels crossing the canal. The performance of the canal was likely held back by the timing of shipments from China to the U.S. east coast, related to both the date of the lunar new year as well as the impact of U.S. tariffs. Imports from eight major Asian markets to the east coast increased by just 2.6% year over year in March while those to the west coast – which don’t need the Canal – climbed 6.0%.

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.