According to a survey by Fitch, more than 3% of the world's maritime trade passes through the Panama Canal

Global warming – the increase in the flow of ships through the Panama Canal signals a slow resumption of global trade, which has suffered sharp declines in recent months, due to the Covid-19 pandemic.

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In the month of July, a total of 933 vessels crossed the waterway, an increase of 10,5% compared to the previous month, which recorded the lowest flow since the channel inaugurated a set of locks to accommodate larger ships in 2016.

The month of August also shows improvements in the numbers, says the person in charge of the Canal Ilya Espino de Marotta, in an interview with Bloomberg.

Container shipping between the US and Asia, the channel's most important route, started to pick up this month, she said. However, cruises continue to cancel trips, and the Natural Gas trade may also take longer to recover, she added.

“In the short term, we believe that containers have a better chance of recovering than cruise ships,” said Espino de Marotta.

More than 3% of the world's maritime trade passes through the Panama Canal, according to a survey by Fitch.

What is the Panama Canal?

The Panama Canal is an artificial nautical shortcut that connects the Atlantic and Pacific oceans. Instead of boats / ships going around the South American continent, which could take up to four weeks, in just 10 hours they can go from one side to the other, crossing the approximately 80 kilometers of channel.