Lloyd’s List: Panama Canal delays have ‘moderate’ effect on LNG carrier rates

DELAYS transiting the Panama Canal are expected to have a “moderate” effect on the liquefi ed natural gascarrier market in the near-term, as most US volumes continue to be shipped to Europe, according to Poten &Partners

However, a bigger impact can be expected when US volumes start heading to Asia for higher rates, said JasonFeer, head of business intelligence at the US-based research and consultancy. Feer said the longer journeys to Asia rather than Europe would reduce available capacity. This would lead tohigher rates when combined with the congestion at the locks that connect the Atlantic and Pacific oceans.

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