Greg Miller
Wednesday, August 30, 2023
Panama Canal restrictions are rerouting LPG shipping flows
Persistent congestion and higher delays at the Panama Canal could lead to lasting changes in global LPG shipping flows.
Persistent congestion and higher delays at the Panama Canal could lead to lasting changes in global LPG shipping flows.
Large liquefied petroleum gas tankers are riding high on rising U.S. exports and higher Chinese import demand.
It’s not just container shipping that’s rolling in profits. LPG tanker rates are hitting new highs on Asian demand for U.S. propane.
British Columbia seeks to ramp up its export capacity of propane at Canadian west coast ports, and CN is the only Class I railway serving the Port of Prince Rupert.