# Panama Canal performing above initial expectations | Freight News

> The expanded Panama Canal has exceeded initial expectations, attracting 15 new liner services, six neopanamax transits, and more than five LNG vessels per week. US East Coast ports reported record monthly volumes, with Charleston up 28%, Philadelphia 34%, and Savannah 16%.

- Date: 2017-04-28 · published 2017-04-28T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/71402-panama-canal-performing-above-initial-expectations-freight-news
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Stronger canal traffic improves US East Coast export logistics for grains and oilseeds, modestly lowering shipping friction for US origin cargoes headed to Asia.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- freightnews.co.za: https://www.freightnews.co.za/article/panama-canal-performing-above-initial-expectations

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