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Trends and Insights

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3 Dec 2023

Panama Canal Is So 'Unreliable' That Ships Opt for Suez Route

London-based Stolt-Nielsen, with a fleet of 166 chemical tankers, has rerouted to the Suez Canal due to Panama Canal's unreliability and backlogs, incurring additional costs for customers. The bottleneck is caused by low water levels, prompting diversions which include the Suez Canal, Cape of Good Hope, and Strait of Magellan. [Source](