01 Dec, 23

Panama Canal Restrictions Spillover Effect To Hit LNG Trade

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The Panama Canal authorities recently imposed restrictions on vessel traffic due to a severe drought that reduced the level of water in the canal significantly. The restrictions mean that ships carrying cargo through the canal will take significantly longer to reach their destination. The same is true for ships opting for other routes—and this second option is now threatening a spillover that would affect global LNG trade. As many ships choose to forego passage through the Panama Canal, they must pass through the Suez Canal instead on their…

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