In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst Filipe Gouveia examines the substantial impact of limited daily transits in the Panama Canal on the dry bulk market.
Between January and April 2024, transits decreased by 74% year-over-year, leading to a 31% year-over-year increase in sailing distances for affected routes, despite a 25% year-over-year decline in cargo volume.
“The limits in daily transits in the Panama Canal have significantly affected the dry bulk market,...