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Numbers of Laden Tankers Crossing Panama Canal Falls

FREIGHT

The number of laden Panama Canal transits across all vessel classes has decreased from a recent high of 18 down to 7 as of 8 November according to Vortexa data by Dylan Simpson

  • The Panama Canal Authority implemented limited booking slots for the months ahead due to drought conditions. To see schedule: https://marketnews.com/panama-canal-authority-redu... The Panama Canal Authority's November implementation of limited booking slots is due to restricted capacity following lower water levels and is likely to continue until this situation improves.
  • “The number of laden VLGCs attempting to transit southward to reach East Asia is reflecting the growing backlog at the canal, hampering the timely availability of VLGCs in the US Gulf and causing upward pressure in LPG freight costs”, Vortexa’s Ioannis Papadimitriou said.

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