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Japan's Now No 2 User As US-China Trade Suffers - Panama Canal

Logistic News - Published on Wed, 19 Jun 2019

Image Source: google.com
Panama Canal Authorities said that Japan has overtaken China to become the second-biggest user of the Panama Canal amid an escalating trade war between Beijing and Washington. Administrator Mr Jorge Quijano, said that China’s slip to third is due to decreased shipments of natural and liquid petroleum gas as the Asian giant is buying less of them from the United States”, adding that at least 2 million tons of gas are not being moved through the canal as a result.

Mr Quijano said that there is also a decrease in container traffic between China and the US: Cargo ships “are not contributing as much as before because they come with lots of empty space.”

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Posted By : Mohan Sharma on Wed, 19 Jun 2019
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