Delays at Panama Canal to increase VLGC demand by 12%
With the Panama Canal Authority reserving the booking period for full neopanamax containerships, passenger ships and liquefied natural gas carriers, transiting the canal becomes even more challenging for very large gas carriers
Poten’s LPG consultant Shantanu Bhushan estimates that liquefied petroleum gas exports from the US may require around 163 VLGCs this year due to the current waiting period in the canal, which is up 12% as compared with the previous year