Panama Canal sees July boxship boost prior to tariff deadline
- Total transits up 8% in July vs June, with neopanamax transits rising 19% and panamax transits up 3%
- Containership transits via neopanamax locks up 19% vs June; VLGC transits up 28%
- Neopanamax transits have largely recovered to pre-drought levels; panamax transits have not
The Panama Canal has fared well this year despite the tariff turmoil in the US. That could change in the months ahead, however, now that frontloading has ended