Panama Canal Administrator Ricaurte Vasquez said Thursday that the conflict in the West Asia and rising fuel costs could ultimately benefit the interoceanic waterway as global shippers adjust routes.
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Iran war, rising fuel costs could boost Panama Canal traffic
PANAMA City – Panama Canal Administrator Ricaurte Vásquez said Thursday that the conflict in the Middle East and rising fuel ...
The US has issued its second authorisation allowing buyers to take Russian oil cargoes already at sea, a move intended to ease rising prices. Treasury Secretary Scott Bessent said the move was ...
"If higher energy costs persist, routing cargo through Panama can cut voyages by between three and 15 days, depending on the route, while reducing fuel consumption." ...
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Rising fuel costs and Middle East conflict may increase Panama Canal traffic, says administrator
Ricaurte Vásquez, Panama Canal Administrator, indicates that rising fuel costs and Middle East conflicts may enhance the canal's attractiveness for global shipping.
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