Ships paying top dollar for Panama Canal transits, says Avance Gas
But the added tonne-miles are good for gas carriers, with congestion and Asia-US arbitrage helping the outlook for VLGCs
Avance Gas said the average August slot fee for northbound Panama Canal transits was $844,000 on top of regular fees. The company is using its cash pile to bet on demand for ammonia with new carriers, and brushed off the prospect of a US listing