Charts
Panama Canal capacity continues to rise
By Kim Williams on 13 August 2018
Capacity through the Panama Canal continues to increase over two years after its expansion. 
  The Panama Canal expanded and opened a third lane on June 26, 2016, increasing both the size and number of vessels allowed through. The new locks can accommodate vessels up to 14,000 TEUs to transit the canal, compared to 5,000 TEUs before the expansion, much to the benefit of the Asia to East Coast North America trade lane. 
  The Panama Canal capacity continues to increase in July 2018, having surpassed that of the Suez Canal, as reported in May of this year. Due to the expansion, average vessel size has increased 24 percent from 6,733 to 8,334 TEUs.  
  Utilizing data from BlueWater Reporting’s Capacity Report, the chart above depicts a year-over-year snapshot of capacity transiting the Panama Canal from Asia to the East Coast of North America in July 2016, 2017 and 2018. According to the data, both estimated weekly allocated capacity (TEUs) and the number of deployed container vessels using the passage have showed positive growth.
  The number of vessels transiting from Asia to the east coast of North America has risen from 116 to 145 vessels from July 2016 to July 2018, an increase of 23 percent. 
  Moreover, estimated weekly allocated capacity has increased by 61 percent, from 68,506 TEUs to 110,533 TEUs during the same period.