14 Ships Queue at Panama Canal as LPG Tankers Reroute Around South America
Panama Canal congestion is forcing LPG shippers to reroute around South America or build shuttle operations, with unbooked vessels facing up to 8-day waits. Neopanamax tankers on the US Gulf-to-Asia lane are hardest hit, while Panamax rates have risen less. Supply chain planners must now treat canal reliability as a variable cost and lead-time risk.