Theloadstar iconTheloadstarSep 23, 2026 ~5 min source read

Transpac rates set to stay high, despite slowdown to Golden Week

Since 26 August, the Panama Canal authority (ACP) has reduced the maximum draught for vessels at the neopanamax locks to 48ft, with a further reduction to 47.5ft due later this year. Yang Ming's management said: "Our main workhorses are 13,000 teu vessels, which can pass.

Transpac rates set to stay high, despite slowdown to Golden Week

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Since 26 August, the Panama Canal authority (ACP) has reduced the maximum draught for vessels at the neopanamax locks to 48ft, with a further reduction to 47.5ft due later this year.

Yang Ming's management said: "Our main workhorses are 13,000 teu vessels, which can pass.

The US routes were unlikely to become completely decoupled, they said, because cargo volumes could shift between different North American gateways.

The useful part

Since 26 August, the Panama Canal authority (ACP) has reduced the maximum draught for vessels at the neopanamax locks to 48ft, with a further reduction to 47.5ft due later this year. Yang Ming's management said: "Our main workhorses are 13,000 teu vessels, which can pass. The US routes were unlikely to become completely decoupled, they said, because cargo volumes could shift between different North American gateways.

How it works

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  • It said: "Vessels are growing larger rapidly, but the expansion of major global ports is relatively slow.

What to take from it

Some ports even face issues such as insufficient hinterland and depth restrictions, leading to longer loading, unloading, and turnaround times after large vessels enter port. "Yang Ming believes that if future port expansion cannot keep up with the trend toward larger vessels, port congestion will persist." Close --> Comment on this article Close You must be logged in to post a comment.

Details worth keeping

Transpac rates set to stay high, despite slowdown to Golden Week. Yesterday, during an online investor conference, the Taiwanese shipping line executives pointed to a combination of Panama Canal constraints, limited effective capacity, persistent port congestion, and cargo shifts between US gateways as the key factors supporting rates. This limits access to ships of up to 14,000 teu.

Related coverage

  • Theloadstar: Unrelenting congestion and rising bunker prices have pushed intra-Asia rates up for a month.

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