Transpac rates head north as carriers face Panama Canal restrictions

Mike Wackett - June 8th, 2023

“Ocean carriers will have to consider downsizing vessels deployed on the Asia-US east coast Panama Canal loops, but voyages with smaller tonnage could lose money unless the lines are able to raise rates substantially.

Their other option could be to route more Asia-USEC strings via the Suez Canal, which would also cost more, due to the longer transit. According to eesea data, a pro-forma round-trip for a Panama loop takes 77 days, compared with the 84-day average for a Suez Canal routing.”

See the original story at: The Loadstar