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Story summary
- Ricaurte Vásquez, Panama Canal Administrator, says Middle East conflict and rising fuel costs could make the canal more appealing.
- Higher energy and navigation costs may shorten voyages, reducing time by three to fifteen days.
- The shift could benefit container ships, bulk carriers, and Liquefied Natural Gas (LNG) tankers.
- If Middle East supply disruptions occur, shipments could move from U.S. to Asia via Panama, depending on conflict duration and Gulf stability.
