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Trade Alert: Panama Canal Updates  

Here is an update on the current situation at the Panama Canal to ensure you are well-informed.

  • Panama Canal Authority is reducing the number of vessels transiting the canal on a daily basis
  • Container Carriers sifting routings from Asia to the Suez Canal, thereby increasing transit times
  • Container Carriers implementing surcharges for routings moving via the Panama Canal (MSC and CMA just announced)
  • Container carriers continue to restrict the cargo payloads allowed per container for routings moving via the Panama Canal.
  • Worries that Suez congestion will result in shifting from Panama Canal routings will also generate congestion there, thereby slowing transits from Asia, SE Asia, Oceania, and Indian sub-continent to North America.

Rogers & Brown remains vigilant in monitoring the evolving situation at the Panama Canal. Currently, containerized trade has seen few delays; however, this stability might be reaching its limits. As changes unfold, we're prepared to adapt and navigate potential shifts affecting trade routes and transit times.

 
You can explore further resources here:
Container lines expect greater Panama Canal disruption

Panama Canal Adds Extra Queue-Jumping Auctions | Transport Topics 

Panama Canal Water Level Update 

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