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Panama Canal traffic drops as larger vessels turn away

Panama Canal traffic drops as larger vessels turn away

Posted on December 18, 2023 |

The total number of ships passing through the Panama Canal fell by 22% in November compared to October.

The decline also affected the larger Neopanamax locks, crucial for various ship types, dropping by 28% in November.

Container, LPG, LNG, and dry bulk ships all experienced significant decreases in transits through both Neopanamax and Panamax locks.

Ships carrying grain shifted to the Suez Canal, leading to a notable decrease in Panamax bulkers' transits from October to November.

Neopanamax locks saw a 25% decrease in daily transits from November 2022, while Panamax locks experienced a 29% drop.

Daily reservation slots for both Neopanamax and Panamax transits decreased, affecting future available slots.

The shipping queue without reservations decreased, with a total queue reduction from a high of 163 in August to 76 in November.