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A competitive analysis of Panama Canal routes

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  • Ricardo Ungo
  • Rodolfo Sabonge

Abstract

After more than a decade of continuous growth of the container segment at the Panama Canal, the situation has changed mainly due to the effects of the Great Recession in U.S. Canal research indicated that the drop in the number of liner services through the waterway was mainly due to segment consolidation and subsequent service rationalization as well as the reduction in cargo volumes geared to the USA. All these changes made it extremely important to analyse the relative competitiveness of the Panama Canal route in comparison with all competing routes. A Panama Canal Route Competitive Analysis Model was developed to assess the competitiveness of maritime routes that use the Panama Canal against alternative routes based on total transportation expenses. Maritime transportation costs are derived from alternative route itineraries applied against different vessel types and vessel size. Inland transportation costs are obtained from market rates for three different modes of transportation: rail, truck and barge. The model has the flexibility to update the general variables based on the most recent information available. One of the main findings of this study is that the value of Canal routes increases in times of heightened fuel prices.

Suggested Citation

  • Ricardo Ungo & Rodolfo Sabonge, 2012. "A competitive analysis of Panama Canal routes," Maritime Policy & Management, Taylor & Francis Journals, vol. 39(6), pages 555-570, November.
    • Handle: RePEc:taf:marpmg:v:39:y:2012:i:6:p:555-570
    DOI: 10.1080/03088839.2012.728727
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    Cited by:

    1. María del Mar Cerbán Jiménez & Juan Ortí Llatas, 2015. "Infraestructuras Portuarias. Análisis del sistema Portuario Espanol Contexto Internacional y propuestas de reforma," Studies on the Spanish Economy eee2015-20, FEDEA.
    2. Javier Ho & Paul Bernal, 2021. "Estimating a global demand model for soybean traffic through the Panama Canal," Journal of Shipping and Trade, Springer, vol. 6(1), pages 1-23, December.
    3. Junseung Kim & Kyungku Kim & Kum Fai Yuen & Keun-Sik Park, 2020. "Cost and Scenario Analysis of Intermodal Transportation Routes from Korea to the USA: After the Panama Canal Expansion," Sustainability, MDPI, vol. 12(16), pages 1-20, August.
    4. Yip, Tsz Leung & Wong, Mei Chi, 2015. "The Nicaragua Canal: scenarios of its future roles," Journal of Transport Geography, Elsevier, vol. 43(C), pages 1-13.
    5. Jihong Chen & Theo Notteboom & Xiang Liu & Hang Yu & Nikitas Nikitakos & Chen Yang, 2019. "The Nicaragua Canal: potential impact on international shipping and its attendant challenges," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 21(1), pages 79-98, March.

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