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More Asia-bound US LNG cargoes avoid Panama Canal even as Red Sea concerns rise

November 22, 2023 Comments Off

More LNG carriers taking US cargoes to Northeast Asia are avoiding the Panama Canal in light of tightening restrictions on the route, shipping data shows, with the number of ships using the Suez Canal route looking set to continue rising for the upcoming high-demand winter period despite the recent seizure of a vessel in the Red Sea. The SM Eagle…