# Top users and customers of the Panama Canal

> The Panama Canal Authority reported a 29% drop in transits for fiscal year 2024 to 9,944, versus 12,638 the prior year, due to severe drought. Cargo fell to 423 million PC/UMS tonnes from 511.1 million, and container, chemical and bulk carriers led remaining transits. Restrictions tightened through late 2023 and eased from January 2024.

- Date: 2025-02-28 · published 2025-02-28T12:00:00.000Z
- Category: logistics · region Panama · magnitude low
- Page: https://feedsoft.ai/events/16970-top-users-and-customers-of-the-panama-canal
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Reduced canal capacity in 2023-24 forced longer routes and raised freight costs for U.S. Gulf grain exports to Asia. The episode shows how drought-linked restrictions can sharply lift freight and widen export basis.

## Read by commodity

- OCEANFRT: neutral

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/maritime-transportation/top-users-and-customers-of-the-panama-canal

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