Panama Slot Reallocation Bears Fruit as Suez Challenge Remains Stiff — Panjiva


Panama Slot Reallocation Bears Fruit as Suez Challenge Remains Stiff

Corp - Ports 661 Global 722 Mode - Bulk 101 Mode - Containerized 1005 Mode - Seaborne 1273 Mode - Tanker 170 Theme - Canals 87

Transits of the Panama Canal fell 2% in July vs. a year earlier. Yet, a reallocation of slots to favor Neopanamax vessels resulted in record transits by that class and a likely 10% increase in tonnage crossing the route. Competition for Asia-Americas traffic with the Suez Canal will likely remain fierce. Shipments from eight major Asian markets to the U.S. rose 5% with shipments to southeast U.S. ports having surged 14% vs. just 1% for Californian ports. That would suggest a heightened level of diversions. The widening of the U.S.-China trade dispute as well as continued geopolitical thr...

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