Gas and grain ships shun Panama Canal after drought disruption

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The story "Gas and grain ships shun Panama Canal after drought disruption" was covered 15 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 15h ago

Gas and grain ships shun Panama Canal after drought disruption - Financial Times

Quick Summary:

At its peak, the canal allowed upwards of 36 vessels to cross per day, but a lack of rainfall forced restrictions that pushed the number down to 20 in January this year.

This month the canal had enabled earlier pre-booking, aiming to help LNG customers that generally use larger Neopanamax ships, he said.“They have very precise windows, precise itineraries and we have addressed that with this whole reservation process,” he said.

But only 13 LNG ships crossed the canal last month, fewer than half the number in July 2022, according to shipping analysis group Marine Traffic.