US EditionPanama Canal at top capacity as Iran war triggers more LNG vessel traffic, chief says
The Panama Canal increased liquefied natural gas tanker slots to one daily from four monthly due to Iran war disruptions, operating at 36-38 vessels daily, canal chief said.
- On Friday, Panama Canal Chief Ricaurte Vasquez reported the waterway is operating at top capacity with 36 to 38 daily vessel transits, driven by surging demand for liquefied natural gas tankers following the war on Iran.
- The war has disrupted routes through the Suez Canal and closed the Strait of Hormuz, a critical energy corridor serving Qatar, Bahrain, and Kuwait, forcing operators to seek alternative shipping routes.
- Panama is preparing to offer one daily slot for LNG tankers, a significant increase from the recent average of four per month, Vasquez said.
- Seasonal declines in container ship traffic from Asia during the January-March period allow the canal to prioritize energy cargoes, while maintenance programs through September will not affect operations.
- Global markets increasingly view Panama as a vital alternative route for distributing U.S. LNG, as the waterway maintains sufficient water levels to sustain current high-capacity operations.
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Times of India
The Economic TimesPanama Canal operating at top capacity as Iran war triggers more LNG vessel traffic, chief says
The Panama Canal is experiencing peak operations, handling 36 to 38 vessels daily. This surge is driven by increased demand for liquefied natural gas tankers. The ongoing conflict impacting the Suez Canal and the Strait of Hormuz is making Panama a crucial alternative route.
Panama Canal operates at full capacity, driven by increased demand for LNG vessels in the midst of the war in Iran
The Panama Canal runs at full speed and is passed daily from 36 to 38 ships, explained the head of the waterway, Ricaurte Vasquez, to reporters on Friday (20th) and added that the war against Iran boosted demand from owners and operators of liquefied natural gas anchors. Particularly strong is the demand for those in US ports [...] The post Iran War: Panama Canal fully utilized first appeared on latinapress news.
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