Panama Canal congestion is driving gas tankers to unusual routes, including detours around South America.
The brief
Growing congestion at the Panama Canal is forcing gas tankers to reroute, impacting transit times and operational costs. This shift to longer routes, such as circumnavigating South America, increases fuel consumption and extends delivery schedules for gas shipments.
Takeaway
Shippers and carriers moving gas through the Panama Canal should immediately model the cost and schedule impact of rerouting, including Cape Horn transits, and adjust booking strategies or contract terms accordingly.
Read the original at gCaptain
https://gcaptain.com/panama-canal-congestion-drives-gas-tankers-to-unusual-routes/