vessels

The Panama Canal Authority (ACP) announced it is raising the number of daily vessel transits to 24, effective January 16, 2024. The current number of vessel transits is 22, ACP officials said, and are divided into six Neopanamax and 16 Panamax vessels, with scheduled increase bringing those numbers to seven and 17, respectively, next month.

As more vessels are scrapped and new ships are launched, industry analysts are forecasting a long overdue rebound in the breakbulk sector.

Christopher L. Koch, who just retired from a 15-year tenure as president and CEO of the World Shipping Council (WSC), and continues to serve as its senior advisor, is still telling shippers to stay the course.