Right? It's not like there's a canal in Panama or anything that can shuttle ships on through. It's not like air freight exists, it's not like globalization can't move manufacturing bases from China to other countries in the Asian Pacific, or Middle and South America. Better to get there slowly than not at all in my opinion, what good is having ports in CA if the boats are just sitting there doing nothing. FL will keep it moving, and the cash flowing, it's just logical business practice.
Many if not most ships that get assigned to pacific trade duty are too large to go through the Panama Canal.
Plus add in the extra time, fuel, and canal fees.
But not the ones doing Atlantic trade? It's closer to use the Panama canal than going around north and south America.
I'm not sure of the exact economics but the Panama Canal is relatively old and running large ships is more efficient for whatever reason (fuel, cargo capicity, dock time, w/e) so most new ships are large and designed to run economically for Pacific crossings. If your shipment is supposed to go from HK to SF chances is are it's on a very large vessel. I would imagine this to be true of Atlantic ships that do not require passage as well but Pacific trade is what is backed up right now and trade with Asia outpaces trade with the EU (lots of big new ships).
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