High prices and fewer transits trim queues at Panama Canal

”We see more and more ships choosing alternative routes such as the Strait of Magellan, the Suez Canal or south of Africa,” says a canal agent after a drop in the number of waiting ships.
The overview from Leth Agencies shows that two LPG gas carriers on Tuesday paid USD 2m each to secure a berth for December 12. | Photo: Stringer ./Reuters/Ritzau Scanpix
The overview from Leth Agencies shows that two LPG gas carriers on Tuesday paid USD 2m each to secure a berth for December 12. | Photo: Stringer ./Reuters/Ritzau Scanpix

Since the end of November, the number of ships waiting to transit the Panama Canal has decreased sharply, canal agent Leth Agencies reports.

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