Tanker

Gas carriers see more rerouting through Suez after Panama drought

Restrictions in the Panama Canal and the rerouting that follows is not necessarily bad for the market, according to Avance Gas chief executive.
The troubles in the Panama Canal won't ease until way into 2024, according to carriers and a canal agent. | Photo: David Butler II and BW LPG
The troubles in the Panama Canal won't ease until way into 2024, according to carriers and a canal agent. | Photo: David Butler II and BW LPG
by IDHA TOFT VALEUR

The drought-stricken Panama Canal has long waiting times and high prices to jump the queue, resulting in carriers opting for other routes when possible.

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