The Panama Canal debuted a $5-billion-plus set of larger locks in 2016, only months before a trade war broke out between the U.S. and China — the waterway’s two largest transit sources. The canal, which relies on water availability, suffered one its worst droughts ever in 2019. And then came the coronavirus. Carriers slashed Asia-East Coast services transiting the canal in the second quarter of 2020. In the third quarter, U.S. importers flocked to Asia-West Coast services boasting faster...
https://www.freightwaves.com/news/how-panama-canal-navigated-covid-drought-and-trade-war