VLGC company bosses are relaxed about a planned new LPG pipeline running in parallel to the Panama Canal.
The Central American country's government is launching a feasibility study with its partner Energy Transfer that would see new terminals built at either end to handle exports and lessen congestion pressure on the waterway.
At the start of 2021, VLGC spot rates soared to more than $110,000 per day, partly due to Panama Canal delays increasing from two days to between eight and 10 days.
