Connect with us

Markets

Panama Canal Traffic by Shipment Category and Tonnage

Published

on

See this visualization first on the Voronoi app.

Chart showing Panama Canal Traffic

Panama Canal Traffic by Shipment Category and Tonnage

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Daily Panama Canal traffic has been steadily restricted to start the year, with an expected peak reduction of over 40% by February 2024 due to severe drought. The problem is already affecting supply chains for U.S. and Asian importers.

This graphic illustrates the number of shipping crossings by market segment at the Canal and the net tonnage carried during the Annual Fiscal 2023 (October 2022 to September 2023). Data is from the Panama Canal Authority.

About the Panama Canal

The Panama Canal is an artificial 82-kilometer (51-mile) waterway that connects the Pacific Ocean with the Atlantic Ocean, built between 1904 and 1914.

The Canal locks at each end lift ships to Gatun Lake, an artificial freshwater lake 26 meters (85 ft) above sea level. The shortcut dramatically reduces the time for ships to travel between the two oceans, enabling them to avoid the route around the southernmost tip of South America via the Drake Passage or Strait of Magellan.

The Panama Canal moves roughly $270 billion worth of cargo annually–it’s the trade route taken by 40% of all U.S. container traffic alone and handles about 5% of all global maritime trade.

The Driest October in 70 Years

Last October, however, Panama received 41% less rainfall than usual, leading to the driest October in 70 years in what was supposed to be Panama’s rainy season, bringing the level of the Gatun Lake almost six feet below where it was a year ago. Additionally, infrastructure constraints led the Panama Canal Authority to restrict the number of ships that could pass each day.

The principal commodity groups carried through the Canal are motor vehicles, petroleum products, grains, coal, and coke.

Market SegmentTransits (#)Net Tonnage (thousands)
Container2,787192,760
Dy Bulk2,64974,549
Chemical Tankers2,19648,825
Liquefied Petroleum Gas1,75764,969
Vehicle Carriers81349,871
Refrigerated5465,610
General Cargo5196,655
Crude Product Tankers49916,052
Liquefied Natural Gas32637,001
Other3061,718
Passengers24012,361
Total12,638510,370

According to the Panama Canal Authority, most of its traffic came from containers and dry bulk like soybeans. The world’s largest operator of chemical tankers (Stolt-Nielsen) typically also uses the Canal. However, due to the drought and the backup at the crossing, the operator has decided to reroute its fleet to the Suez Canal.

Although representing the smaller number of crossings, the Canal is also an important route for passengers, with many ocean cruise lines offering popular Panama Canal itineraries that sail through the Canal in the approximately 8-hour passage to their next destination in the opposite ocean.

Click for Comments

Markets

Visualizing Berkshire Hathaway’s Stock Portfolio (Q1 2024)

We visualized the latest data on Berkshire Hathaway’s portfolio to see what Warren Buffett is invested in.

Published

on

Visualizing Berkshire Hathaway’s Portfolio as of Q1 2024

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Wondering what the Oracle of Omaha has his money invested in?

In this graphic, we illustrate Berkshire Hathaway’s portfolio holdings, as of Q1 2024. This data was released on May 15, 2024, and can be easily accessed via CNBC’s Berkshire Hathaway Portfolio Tracker.

The value of each position listed in this graphic is based on market prices as of May 23, 2024, and will change over time.

Furthermore, note that Berkshire has received SEC permission to temporarily withhold data on certain positions. This includes all of its Japanese stocks, which are reported as of June 12, 2023.

It’s (almost) all Apple

The data we used to create this graphic can be found in the following table. Positions worth less than $5 billion were included in “Other”.

Company% of PortfolioValue
(As of 05-23-2024)
🇺🇸 Apple Inc39.7$149.8B
🇺🇸 Bank of America10.7$40.6B
🇺🇸 American Express9.7$36.8B
🇺🇸 Coca-Cola6.7$25.2B
🇺🇸 Chevron5.3$20.0B
🇺🇸 Occidental Petroleum4.2$15.7B
🇺🇸 Kraft Heinz3.1$11.7B
🇺🇸 Moody’s2.7$10.2B
🇯🇵 Mitsubishi Corp2.1$7.8B
🇺🇸 Chubb1.9$7.1B
🇯🇵 Mitsui & Co1.7$6.4B
🇯🇵 Itochu Corporation1.5$5.5B
🇺🇸 DaVita1.3$5.0B
🌍 Other9.4$35.9B
Total100$377.9B

From this, we can see that Berkshire’s largest position is Apple, which makes up almost 40% of the portfolio and is worth nearly $150 billion.

While Warren Buffett once referred to Apple as the best business in the world, his firm actually trimmed its position by 13% in Q1 2024.

Even after that cut, Berkshire still maintains a 5.1% ownership stake in Apple.

Why Japanese Stocks?

While most of Berkshire’s major positions are in American companies, Japanese firms make up a significant chunk.

In 2020, Berkshire took positions in five Japanese trading houses: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo.

Also known as sōgō shōsha, which translates to “general trading company”, these firms are highly diversified across major industries.

According to an article from IMD, Buffett sees an attractive opportunity in Japan due to the country’s low-interest rates, among other things.

Learn More About Investing From Visual Capitalist

If you enjoyed this graphic, be sure to check out Visualizing the Growth of $100, by Asset Class (1970-2023).

Continue Reading
Appian-Capital

Subscribe

Popular