Panama Canal Crisis Splits Winners From Dry Bulk Ships

Panama Canal transit costs have surged as the canal authority cuts daily transit slots while U.S. energy exports to Asia keep growing. Tom Beney, StoneX SVP of Ocean Freight, explains how auction bidding, vessel economics, and rerouting are reshaping global shipping flows. The Panama Canal Authority says transit slots will keep reducing unless rainfall refills Gatun Lake, tightening supply as U.S. crude oil, refined products, and natural gas move toward Asia. High-value cargo such as gas, petroleum products, containers, and vehicles competes hardest for priority passage, while dry bulk now sits in a separate category. Ships priced out are rerouting via the Cape of Good Hope or the Strait of Magellan, favoring larger Panamax and Ultramax tonnage. Discover Actionable Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_tom_beney&utm_content=share 00:00 - The Canal Runs Out of Room 00:41 - Slots Shrink as Demand Grows 01:36 - Why Ships Bid Millions to Pass 03:40 - Cape Route Becomes Plan B 04:40 - Washington and Beijing Watch Like and subscribe for more financial market insights. #PanamaCanal #StoneX #TomBeney #Shipping