Alphabulk: Dry bulk giants will not pick the Panama Canal
The new Panama Canal will likely not attract a large number of Capesize vessels. High transit fees will cause shipowners to select alternate routes over the canal, Alphabulk assesses in a new analysis.
BY KATRINE GRØNVALD RAUN
When the expansion of the Panama Canal is finished, it will most likely not be able to attract a large number of Capesize vessels. This is the assessment in a new analysis from Alphabulk. This is due to the high transit fees for sailing through the new lane, which the canal authorities are proposing, writes the analyst agency, which has reviewed the new fees.
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