Cosco Shipping Panama

Since it opened its enlarged locks, the Panama Canal has won back all its market share of Asia-US east coast container traffic.

According to The Loadstar’s latest LongRead, the ability of lines to move far larger ships through the waterway’s locks, coupled with cut-price tariff incentives by Panama on the return leg of the journey, designed to encourage lines to convert round-the-world services into Asia-US East coast pendulum services, the canal has been successful at reversing the shift of vessel loops ...

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