Panama Canal Shrugs Off Trans-Pacific Shipping Slowdown — Panjiva


Panama Canal Shrugs Off Trans-Pacific Shipping Slowdown

Mode - Seaborne 1273 Theme - Canals 87 U.S. 3297

Shipping activity through the Panama Canal grew 2.2% year over year in February, with an increase in shipments of the large neopanamax vessels increasing by 6.8%. The marked slowdown seen in U.S. imports in February does not appear to have had an impact on the Canal’s operations yet. While U.S. imports from the largest eight Asian exporting markets fell 6.6% in February, shipments to ports east of the Canal increased by 1.2%. Growth in shipments to the east coast ports has outpaced that to the west in nine of the past 12 months. That indicates shipping lines are continuing to take increa...

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.