Panama Canal auction fees surge in May
Congestion in the crucial waterway also increasing, soaking up some VLGC capacity, says Dorian LPG
Dorian LPG says congestion is rising in the Panama Canal as transit slots and auction fees increase, with Argus Media data showing fees more than quadrupling since April. But rising VLGC transits through the waterway have not impacted freight rates, which continue to edge upwards after crashing in January