PANAMA CITY — Japan has overtaken China to become the second-biggest user of the Panama Canal amid an escalating trade war between Beijing and Washington, canal authorities said Thursday. Quijano said it would be premature to speculate whether the drop in shipping between China and the United States would affect canal earnings forecast for the current fiscal year through the end of September. The United States remains the biggest user of the canal. During the last fiscal year, 174.9 million tons of cargo were shipped to and from the country through the waterway, or a little over 60% of total tonnage. About 5% of global shipping crosses through the Panama Canal.

Source: Washington Post June 14, 2019 00:56 UTC