Panama-to-Suez traffic shift could increase market share to US/Canada east coast ports reported SeaIntel
Canadian Transportation & Logistics – According to research firm SeaIntel, a shift in traffic from the Panama to the Suez Canal is bringing increased market share to east coast US and Canadian ports.
SeaIntel reported that eighteen of 19 big container ports in Canada and the US posted a seven per cent increase in volume to 42 million TEU in 2012 since 2006 despite the 2008 global downturn.
SeaIntel’s analysis also shows that an increasing share of containers imported through west coast ports are exported through east coast ports in North America, said a report.
This activity is expected to intensify as carriers can deploy larger vessels, with lower cost per container, without having a significantly longer transit time, direct to the densely populated urban centres on the east coast.
Article available on Canadian Transportation & Logistics website