HIGH
Geopolitical
6d ago
Strait of Hormuz disruption helps drive 8% rise in Panama Canal transits
Hellenic Shipping News reports that vessel diversions from the Strait of Hormuz closure have driven an 8% surge in Panama Canal (PAONX) transit requests, as tankers and bulk carriers reroute away from the Persian Gulf. The traffic spike reflects the scale of displacement from AEJEA and OMSTQ — energy cargo that normally transits Hormuz is now competing for Panama Canal slots, adding transit delays and higher tolls for affected voyages.