Panama Canal Shipping Crunch Hits Importers With Surcharges

Panama Canal freight rates stay high despite eased restrictions, as Hormuz, Red Sea and China disruptions keep surcharges and delays elevated. Juan Estrada, StoneX Senior Manager, Physical Global Trade Operations, explains why canal relief has not lowered costs or delays for shippers. The Panama Canal carries about 5% of global maritime trade and around 40% of U.S. container traffic. Strait of Hormuz disruption and Red Sea risk have pushed carriers around the Cape of Good Hope, adding vessel demand and surcharges. Containers trapped in the Red Sea are slowing empty returns to origin. 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 Panama Canal Shipping Crunch 02:24 Freight Defies Panama Easing 04:17 40% of U.S. Boxes Ride Panama 05:11 East Coast Spot Rates Spike 09:28 Hormuz Shock Lifts Box Costs 10:25 Cape of Good Hope Detours 14:43 Empty Containers Run Short Like and subscribe for more financial market insights. #PanamaCanal #StoneX #JuanEstrada #ContainerShipping --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social