The cost of moving a ship through the Panama Canal has tripled over the past five years to around $450,000 per passage for a vessel carrying 4,500 containers, and this figure is likely to go up upon completion of the expansion process. While the cost of crossing the Suez Canal is also expected to rise, it is generally considered an easier route given its ability to handle larger ships and the reduced traffic compared to Panama. The canal handles around 5 percent of the world's total trade in comparison about 7.5 percent moves through Suez and bills itself as the quickest and most efficient way to ship goods around the globe.

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