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Panama Canal recovers losses from Suez

Friday, July 17, 2015

The Panama Canal has recaptured the majority of traffic on the all-water shipping route between the Far East and the U.S. East Coast that it ceded to the Suez Canal in late 2014, according to Alphaliner.

The Central American waterway currently accounts for 51 percent of the total capacity on the all-water trade, up from an all-time low of 44% in February, but down from its 74 percent share in 2010, the industry analyst said.

Source: Journal of Commerce