Sun 09 Aug 2026 · 14:17 UTCNot investment advice. Automated, AI and OSINT based. May contain errors.
← Chokepoints
Panama Canal
QuietTransit data to 31 Jul · IMF PortWatch derived, lags a few days
Transits
92% of baseline
30 a day against a 12-month average of 32
Week on week
▲ 1%
Trend
7-day average 30 transits/day, down 8% vs the trailing 12-month average. Source: IMF PortWatch, data to 2026-07-31.
The market lens
The isthmus shortcut between the Atlantic and Pacific, moving containers, LPG, LNG, and grain between the US Gulf and Asia. Water levels set capacity: drought cuts daily slots, and scarcity prices as auction premiums and longer routings, not stranded cargo.
What to watch
Daily transit slots and Gatun Lake water levels, the binding constraint.
Slot auction premiums, the cleanest price of scarcity.
LPG and LNG freight rates on US Gulf to Asia routes, the most exposed flows.
Recent signals touching Panama Canal