The number of vessels passing through the Panama Canal rose 2.1% year over year in June despite drought-related draft restrictions. That marks a turnaround from a 2.1% decline in the prior three months on average. The improvement may represent a shift in shipping away from the Suez Canal, which saw a 4.4% drop in transits due to an 8.6% slide in containerized traffic. A widening of the U.S.-China trade war will exacerbate competition between the two canals. The impact of the trade war can already be seen in lower U.S.-inbound traffic with shipments from Asia to ports east of Panama ha...