Panama Canal sees shipping transit recover

August 20, 2020 – Bloomberg is reporting that the Panama Canal is seeing signs of a rebound in global trade as ship transits recover from the depressed levels caused by the pandemic.

Panama Canal shipping
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Total transits through the waterway rose to 933 in July, from 845 in June, which was the fewest since the canal opened an expanded set of locks four years ago to accommodate bigger ships.

”Initial August numbers show further improvement,” Canal Authority Deputy Administrator Ilya Espino de Marotta said in a phone interview with Bloomberg.

“Container shipping between the US and Asia, the canal’s most important route, began to increase this month, she said. But cruise ships continue to cancel their slots, and the trade in Liquid Natural Gas may also take more time to recover,” she added.

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