Analysis: Panama Canal expansion will first benefit US LPG exports

The opening of a new, third set of locks on the Panama Canal will cut the distance between the US and Far East by more than one-third for vessels that can now transit the waterway but hadn’t been able to before. A voyage from the US Gulf Coast to the Far East around the Cape of Good Hope typically takes 45 days vs. the 25-30 taken by passage through the canal.


Source: News

Analysis: Panama Canal expansion will first benefit US LPG exports

The opening of a new, third set of locks on the Panama Canal will cut the distance between the US and Far East by more than one-third for vessels that can now transit the waterway but hadn’t been able to before. A voyage from the US Gulf Coast to the Far East around the Cape of Good Hope typically takes 45 days vs. the 25-30 taken by passage through the canal.


Source: News