Red Sea Chokepoints, Pirates Threaten U.S. LNG Shipments to Asia
In early November, MDN warned you about delays with LPG (propane) and LNG ships transiting the Panama Canal on their way to Asia (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. Several weeks later, the situation grew even more dire, with ships now required to pay money to reserve slots to transit the canal (see LNG Vessels Transiting Panama Canal Must Use Auction for Time Slots). Some LNG ships opt to travel further to the Suez Canal, which connects the Mediterranean Sea with the Red Sea, and the Red Sea with the Indian Ocean. But the Suez Canal has its own problems...
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