Panama Canal Losing Business as US LNG Exports Find Alternate Routes

Two days ago MDN told you that the Atlantic Ocean near the country of Panama has become a virtual parking lot for LNG tankers as they wait up to 10 days to transit the Panama Canal on their way to Asia (see Panama Canal Becomes Bottleneck for U.S. LNG/LPG Heading to Asia). The ships, which cost on the order of $250,000 *per day* to transport the LNG, are now finding other routes. The primary alternative is the Suez Canal.

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