Drewry: Trade through Suez accelerating

The number of containers sent from Asia to the US East Coast, passing through the Suez Canal, is increasing, says Drewry, and the analyst agency goes on to ask whether this represents a problem for the competitor in Panama.

Photo: Josef Polleross

Carriers are increasingly opting for routes that go through the Suez Canal when transporting containers from Asia to the US East Coast, according to an analysis by Drewry. The analyst agency has studied how container freight is gradually switching from the traditional Panama Canal to an increasing use of Suez instead.

Counting the number of loops, 38 percent of services on this route are now using the Suez Canal, while 62 percent still use the shortcut through Panama. Even though there are still more carriers using the Panama Canal, the change has happened fast, at least judging by April 2014, where 67 percent used Panama and 33 percent opted for Suez. Meanwhile, the G6 alliance plans to merge two of its loops in the coming winter season, which will make the Panama Canal number decline further.

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