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.

Photo: Norden

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.

"Ships traversing the canal will be levied significantly higher fees than today in order that the Panama Canal Authority (ACP) can pay back the cost of the USD 5.3 billion project within a ten-year time schedule," Alphabulk writes.

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