Tanker

The Panama Canal's new restrictions will force tankers to make detours

Large oil tankers risk being pushed out of the important traffic artery, which is struggling with drought, according to a shipbroker.
The reduction in the number of transits in the canal will lead to longer journeys on other routes and possibly a shift to larger ship segments, according to Poten & Partners. | Photo: Thomas Borberg/Politiken/Ritzau Scanpix
The reduction in the number of transits in the canal will lead to longer journeys on other routes and possibly a shift to larger ship segments, according to Poten & Partners. | Photo: Thomas Borberg/Politiken/Ritzau Scanpix
by SEBASTIAN SCHLÜTER JACOBSEN

Especially tankers and dry cargo ships will have to take longer voyages around the Panama Canal after the canal authority has announced major reductions in the number of daily transits for ships, shows an analysis of the tanker market made by shipbroker Poten & Partners.

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