Shipping through the Panama Canal fell 4% in August vs. July due to increased maintenance, though there as a 24% rise on a year earlier when allowing for the passage of larger vessels. Bookings of available slots for neopanamax vessels fell to 78% from 87% in April, suggesting the effect of the widening of the canal has matured. That can also be seen in Suez Canal traffic, which jumped 8% on a year earlier even ahead of fee reductions in October. The effect on Asian traffic diversions of the Panama Canal’s widening can be seen in U.S. imports. Shipments to California rose 10% and those t...
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