
Freight Market Update: December 6, 2023
Panama Canal bypass reroutes US export services to Asia, while weak demand and overcapacity push Transatlantic spot rates well below 2019 levels.

Panama Canal bypass reroutes US export services to Asia, while weak demand and overcapacity push Transatlantic spot rates well below 2019 levels.

Panama Canal bypass reroutes US export services to Asia, while weak demand and overcapacity push Transatlantic spot rates well below 2019 levels.

Panama Canal draft and transit restrictions persist after the driest October since 1950, with vessel crossings capped at 31 per day amid low Lake Gatun levels.