The queue of ships waiting at both ends of the Panama Canal stands at just half the historical average since the waterway expanded back in 2016, highlighting the dramatic shift in seaborne trades in the western hemisphere seen in recent months since authorities slashed daily transit numbers as well as the maximum draft.
The latest data from the Panama Canal Authority (ACP) shows there are just 45 ships in the queue awaiting transit, exactly 50% less than the historical average of the last eight years.
