Panama Canal overtakes Suez on Asia-US

The Panama Canal has overtaken the Suez Canal as the favored transit route for carriers operating services between Asia and the US East Coast following the widening of the Central American waterway.

The recently published network details of the Ocean Alliance and THE Alliance that will launch in April reveal that more carriers are pledging allegiance to the Panama Canal with 12 weekly services compared with only four confirmed loops via the Egyptian waterway, according to Drewry Shipping Consultants.

Source: Journal of Commerce