El Niño spells dire straits for shippers at the Panama Canal
Commodities Focus
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Impacts of Transit Reductions and Lower Draft Limits
This chapter discusses the impacts of transit reductions at the Panama-Mux Locks and lower draft limits at the new Panama-Mux system on shipping markets, including longer wait times, increased freight costs, offloading of cargo, and ship rerouting. It also explores the significance of the Panama Canal as a major route for container shipments from Asia to the East Coast of the US and the options shippers are considering, such as alternative routes and transloading container boxes.
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