Carriers

Avance Gas CEO predicts more forced re-routing as Panama problems continue

The large gas carriers are not prioritized in the drought-stricken canal, which causes a large numbers of vessels to reroute. This will continue onwards, assesses the CEO.
The CEO says that currently, there are about 50 VLGCs that reroute to avoid the drought-stricken canal. In the summer this number was 10. | Photo: David Butler / Marine Money
The CEO says that currently, there are about 50 VLGCs that reroute to avoid the drought-stricken canal. In the summer this number was 10. | Photo: David Butler / Marine Money
by IDHA TOFT VALEUR

The number of VLGCs being rerouted to avoid the queue to transit through the Panama Canal has increased by a lot since this summer, reports Øystein Kalleklev, CEO of Norwegian shipping company Avance Gas, from the company’s investor call Tuesday afternoon.

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