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International Egypt Tankers and Gas

Off-peak season to ease Suez Canal strain on LNG shipping

Traffic has already built up in the Suez Canal following the blockade on Tuesday, with more than a dozen LNG tankers sighted at or near anchorages waiting for the green light to carry on with their planned transits. Any protracted delays in resolving the jam would add to average shipping tonne-miles, but rate rises will build up from off-peak lows

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‘The disruption on the LNG market will be limited if the congestion in the Suez Canal is resolved in a day or two,’ says WoodMac’s LNG analyst 

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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