Ricaurte Vásquez, the Administrator of the Panama Canal Authority (ACP), said Thursday that the ongoing conflict in the Middle East has led to a surge in traffic through the Panama Canal.
The Panamanian newspaper La Prensa reported that traffic through the Panama Canal has increased over the past weeks to the point that on some days it has reached its maximum operational number of crossings allowed of 40 vessels per day.
La Prensa noted that global supply chains of fuels such as petroleum, liquefied natural gas (LNG), and liquefied petroleum gas (LPG) that were normally sent from the Persian Gulf to markets in Europe and Asia have been disrupted by the ongoing conflict in the Middle East — forcing those markets to seek new supply routes and alternatives, primarily from the United States, with the Gulf of America emerging as a key hub for energy shipments.
In that context, La Prensa wrote, the
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