# Transits Through the Panama Canal are Down 10%  | SupplyChainBrain

> BIMCO estimates Panama Canal ship capacity between September 2024 and January 2025 was 10% below the 2019-22 average, measured in deadweight tonnes. Dry bulk, LNG and some tanker transits have not recovered even though restrictions ended. A shift in U.S. grain exports to West Coast ports, which are up 21% year-on-year to Pacific destinations, is cited as a factor.

- Date: 2025-02-07 · published 2025-02-07T12:00:00.000Z
- Category: logistics · region Panama · magnitude low
- Page: https://feedsoft.ai/events/16969-transits-through-the-panama-canal-are-down-10-supplychainbrain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Vessels rerouting around the Cape add tonne-miles and support freight rates for dry bulk. Continued shift of U.S. grain away from the canal changes regional export flows and can affect Gulf versus Pacific basis.

## Read by commodity

- SOY: neutral
- CORN: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-02-06 | [BIMCO: Panama Canal Transits Remain 10% Below Average Despite Lifted Drought Restrictions](https://feedsoft.ai/events/16964-bimco-panama-canal-transits-remain-10-below-average-despite-lifted-drought.md) | +1.4% | -7.2% |
| CORN | 2024-07-17 | [La Ñina boosts the Panama Canal; Houthi threat drives up shipping costs through the Suez](https://feedsoft.ai/events/17016-la-nina-boosts-the-panama-canal-houthi-threat-drives-up-shipping-costs-through.md) | +2.6% | -1.3% |
| CORN | 2024-01-19 | [Panama Canal restrictions' impact on supply chains \| McKinsey](https://feedsoft.ai/events/32022-panama-canal-restrictions-impact-on-supply-chains-mckinsey.md) | +0.8% | -6.7% |
| CORN | 2018-04-09 | [More Traffic Projected in Panama Canal -](https://feedsoft.ai/events/65409-more-traffic-projected-in-panama-canal.md) | -0.2% | +2.2% |
| CORN | 2024-01-26 | [Freight through Suez Canal down 45% since Houthi attacks - UNCTAD \| Reuters](https://feedsoft.ai/events/32020-freight-through-suez-canal-down-45-since-houthi-attacks-unctad-reuters.md) | -0.9% | -7.1% |
| SOY | 2025-02-06 | [BIMCO: Panama Canal Transits Remain 10% Below Average Despite Lifted Drought Restrictions](https://feedsoft.ai/events/16964-bimco-panama-canal-transits-remain-10-below-average-despite-lifted-drought.md) | -2.8% | -4.1% |
| SOY | 2024-07-17 | [La Ñina boosts the Panama Canal; Houthi threat drives up shipping costs through the Suez](https://feedsoft.ai/events/17016-la-nina-boosts-the-panama-canal-houthi-threat-drives-up-shipping-costs-through.md) | +2.5% | -9.3% |
| SOY | 2022-04-01 | [Panama Canal Proposes New Toll System, Raising Transit Costs](https://feedsoft.ai/events/41746-panama-canal-proposes-new-toll-system-raising-transit-costs.md) | +1.7% | +5.6% |

## Sources

- supplychainbrain.com: https://www.supplychainbrain.com/articles/41166-transits-through-the-panama-canal-are-down-10

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.