The addition of St. Lawrence’s Seaway to the map of disruptions has added yet another key pocket of constraints. The Panama Dilemma has been continuing with fewer vessels approved to pass through the locks, despite a priority for container vessels.
The ongoing strikes in the St. Lawrence Seaway, may not impose a long drag until mid-2024 as the Panama situation might.
Talks have apparently resumed and are ongoing to cull the impact. While the Suez thankfully is not, there is an upcoming transit fee rise starting the 15th of January 2024. Cancellations of key service sailings are at 7%, a little less when compared to the same time last year, but still considerably high.
