LNG Vessels Transiting Panama Canal Must Use Auction for Time Slots

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Three weeks ago, MDN warned you about delays with LPG (propane) and LNG ships transiting the Panama Canal (see Drought Along Panama Canal Causing Delays in Propane, LNG Exports). According to the Panama Canal Authority (APC), water levels at Gatún Lake are the lowest since at least 1995 due to an extended dry season and lower-than-normal precipitation on the Panama Canal. Gatún Lake is the artificial lake that vessels pass through to transit between the Atlantic and Pacific locks, and it holds the water supply needed to operate the lock systems of the canal. The situation has grown even more dire in just the last three weeks…

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