The situation has led the Panama Canal Authority to progressively increase the maximum number of transits per day to 35 as of 05-Aug and the number of bulk carrier transits has recovered up to a 10-month high with 47 vessels last week!
Together with better Mississippi River logistics, the recent developments along the Panama Canal will support agri exports from the US Gulf for the coming months in 2024.
If you would like to get more information on this topic and the impact on the freight market, please reach out to us on: [email protected].