Panama Canal sees November surge in VLGCs, big fall in Asia-US containerships
Total transits up 2% versus October, with neopanamax locks down 3%, panamax locks up 5%
More very large gas carriers and panamax bulkers are using the Panama Canal, a headwind for spot rates in those segments. The number of neopanamax containership transits has declined, reflecting seasonally lower US import demand, while LNG carriers continue to shun the canal, as ample vessel supply and low rates favour the Cape of Good Hope
