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low temperatures in North Asia high freight rates congestion in the Panama Canal and supply
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at the southern end of Africa began to decline at the start of 2021 amid easing Panama Canal constraints
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to the Gulf Coast have been helped by lower freight costs to Asia Panama Canal congestion remained relatively
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to standard tankers for onward shipment to Asia via the Suez Canal or else sold and used in Europe at a time
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that now take ships through the Suez Canal Cargo volumes along the route grew substantially last year
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through the Suez Canal and on to Asia The trip takes about 35 days Traveling through the Arctic
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the Atlantic than sending LNG tankers through the Gulf of Mexico and Panama Canal and across the Pacific
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the voyage to China by around 10 days compared to using the traditional passage via the Suez Canal
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the Atlantic Ocean through the Panama Canal and up North America’s Pacific Coast The vessel was built in a
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of crude that came through the Panama Canal Higgs told a business audience two weeks ago They had to pay
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in Rizhao China in mid August The Arctic shortcut is about 30 faster than going through the Suez Canal
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between Europe and Asia supplanting the longer route via the Suez Canal The ice class tanker left the port
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facilities avoiding potential Panama Canal congestions and presenting an overall cheaper alternative to U
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is that it shortens the shipping route and bypasses costly passage through the Suez Canal The idea of building
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such as skipping a shorter route through the Suez Canal or have been on the water for longer than 20 days Last year
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shippers a significantly shorter route to and from Europe and Asia than through the Suez Canal New Russian
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Canal China’s increasing prominence in the region has prompted concerns from Arctic states over its long
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cargo took the long route via the Suez Canal a voyage of about 40 days Using the Northern Sea Route cut
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Administration Ships coming from the Middle East and India can take a 15 to 20 day transit through the Suez Canal
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will pass through the Panama Canal will arrive at Chubu Electric s Joetsu LNG terminal in early January a