The Panama Canal transit restrictions have not stopped carriers from adding 20% of incremental capacity on the Asia-US East Coast route since the end of August, with the average capacity deployed over the last five weeks reaching 246,000 TEUs, compared to 204,000 TEUs in the preceding five weeks, according to Linerlytica’s latest report.
Capacity utilisation has slipped to 85%, as freight rates have fallen by US$1,000 since then, to about US$2,1000/FEU today (19 September).
The Shanghai...
https://container-news.com/panama-canal-limits-fail-to-halt-rate-slide-as-box-lines-up-capacity/