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Panama Canal ousts Suez as top Asia route

Thursday, July 14, 2016

The Panama Canal has ousted the Suez Canal as the leading route for all-water container services between the Far East and the U.S. East Coast just weeks after opening its enlarged locks to accept larger ships.

The Central American waterway has a 57 percent share of total volume on the trade compared with 48 percent at the beginning of the year, and is set to boost its share further in the coming months as some carriers have yet to introduce larger vessels, according to Alphaliner.

Source: Journal of Commerce