Panama delay could have positive effect on VLGC

If the dispute about the Panama Canal expansion results in further delays, it could prolong a rate increase for VLGC's transporting LPG from the United States to Asia, according to estimates.

Photo: PR/BW Group

If the dispute concerning budget transgressions on the Panama Canal expansion process leads to further delays, the development could have a positive effect on ships transporting liquefied petroleum gas (LPG) to Asia from United States, says Christian Andersen, President of Avance Gas, a joint venture between Stolt-Nielsen, Sungas Holdings, and Frontline 2012, to Bloomberg.

“We have been basing our plans on using Panama, so if there are delays then that’s going to tighten the supply of ships,” he says.

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