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Panama Canal maintenance risks causing delays for tanker vessels

Scheduled maintenance of one of locks in the Panama Canal from Aug. 29 to Sept. 10 could cause delays in the tanker market, writes S&P Global Platts.

Photo: Arnulfo Franco/AP/Ritzau Scanpix

One of the vital ocean lanes, the Panama Canal between the Caribbean and the Pacific, will be suspending traffic due to maintenance, which could cause delays on the product tanker market, writes S&P Global Platts in an update.

Planned repairs in the Panama Canal have previously resulted in delays upwards of 14 days for non-booked tanker vessels.

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