{"id":29160,"date":"2020-06-23T09:29:04","date_gmt":"2020-06-23T14:29:04","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=29160"},"modified":"2020-06-23T09:29:04","modified_gmt":"2020-06-23T14:29:04","slug":"panama-canal-sees-21-drop-crossings-amid-pandemic","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-canal-sees-21-drop-crossings-amid-pandemic\/","title":{"rendered":"Panama canal sees 21% drop in crossings amid pandemic"},"content":{"rendered":"

\"\"<\/a><\/p>\n

The Panama Canal reported a 21% drop in the number of ships crossing the waterway in May amid the coronavirus pandemic, compared to projections for traffic.<\/p>\n

Just 937 ships used the canal last month, while there were 260 cancellations of crossings, canal administrator Ricaurte V\u00e1squez said Wednesday.<\/p>\n

He said 119 of the cancellations involved giant LNG and LPG tankers that were to have carried liquified gas, mostly from the United States to Asia. Crossings by cruise ships and car carriers also declined.<\/p>\n

The coronavirus pandemic has hurt international trade and economic activity around the globe. V\u00e1squez said recovery in traffic might be slow, but some analysts predicted a more rapid rebound.<\/p>\n

\u201cIt will be able to recover rapidly because the world’s reactivation depends on the reactivation of trade,\u201d said analyst Jos\u00e9 Isabel Bland\u00f3n Sr. \u201cAnd in the reactivation of trade, the United States needs Panama, China and South America need Panama, and Europe, too.\u201d<\/p>\n

Stay Safe!!<\/p>\n\n

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    The Panama Canal reported a 21% drop in the number of ships crossing the waterway in May amid<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[242,12,241,39,248,34,33,62,265,42,219,11,249,243,7,246,244,260],"class_list":["post-29160","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-disenfetion-services-safety-in-panama-panama-real-estate-bocas-del-toro","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama-rent-in-boquete"],"yoast_head":"\nPanama 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