News / Panama Canal retakes market share from Suez as battle for Asia-USEC traffic heats up

Following the inauguration of the Panama Canal’s new lock system at the end of last month, the waterway is already winning back market share from Suez in the fight to attract container cargo moving from Asia to the US east coast, according to Alphaliner.

The liner shipping analyst said Panama had regained the majority of teu slots serving the Asia-USEC trade, as carriers deploy larger vessels through the new locks.

Nearly 60% of all capacity on the trade now flows through the all-water route via Panama, compared ...