Drought at the Panama Canal delays energy shipments, increasing shipping costs

Drought at the Panama Canal delays energy shipments, increasing shipping costs
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

31.10.2023

A drought is limiting ship traffic through the Panama Canal. The resulting delays caused shipping rates through the Panama Canal for Very Large Gas Carriers (VLGCs) to reach record highs, which increased the cost of shipping liquefied petroleum gas (LPG) from the United States.

Full article at eia.gov

Back

news