Alphaliner: Panama Canal Reclaims USEC Container Volume Lead

Image Courtesy: Panama Canal Authority

The Panama Canal this month regained the majority share in terms of overall container transport capacity on all-water routes between the Far East and the US East Coast, according to Alphaliner.

Following the completion of the USD 5.25 billion expansion project in late June, the Panama Canal has successfully pushed back the Suez Canal’s incursion into this trade.

Now that the old Panama locks’ restrictions have been lifted, the canal is making a strong comeback, regaining much of the all-water market share that was lost to the Suez Canal.

The overall all-water weekly capacity stands at 145,600 TEU as at July 2016, for a year-on-year growth of 1.7%. After the launch of the new locks, the Panama Canal’s share of the trade now reaches 57%, compared to 48% at the start of this year.

It is expected to increase further over the coming months, as some carriers have yet to up-size their Panama services with Neopanamax and LCS tonnage, while also shifting some of their current trans-Suez services to Panama.

In the past few years the route via Egypt had grabbed a substantial market share of Far East – USEC services, as economies of scale and vessel cascading led carriers to deploy 5,500-10,000 TEU ships via the Suez Canal, rather than continuing with classic Panamax units of 4,000-5,000 TEU on the shorter Panama route, Alphaliner said.

Despite the increased distances for some China – USEC port pairs, the Suez route made economic sense, as the scale advantages of lager vessels often outweighed the disadvantages of the longer steaming distance.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2017 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

THE 30TH WORLD PORTS CONFERENCE Enabling Trade Energizing The World

This event is expected to have more than 500 attendees from the field of port, logistics, shipping and maritime industry…

read more >

Singapore Maritime Week 2017

Singapore Maritime Week (SMW) is the leading maritime event in Singapore. Driven by the Maritime and Port Authority of Singapore (MPA), SMW…

read more >

Breakbulk Europe 2017

For more than a decade, Breakbulk Europe has served as the networking hub for industry professionals who do business in Europe — or would like to! Exhibitors and sponsors include cargo owners, ocean carriers, freight forwarders, ports/terminals, heavy haulers, equipment companies and more that are involved in this specialized industry.

In addition to exceptional networking opportunities, Breakbulk Europe provides a dynamic conference, along with a range of educational and training workshops — intensive all-day classes held the day before the exhibition opens as well as many on-the-floor sessions.

  • Over 7,600 participants attended Breakbulk Europe 2016
  • Meet with over 400 exhibitors and sponsors
  • Hear from industry experts, including leading shippers, during the conference sessions
  • Learn new skills in the educational workshops held before the exhibition and on-the-floor micro-seminars and exhibitor-led sessions during the event

More info

read more >

Smart Operations

Smart Operations events, from Fathom Maritime Intelligence, examines how to use intelligent shared integration, and connected operations…

read more >