The Panama Canal has authorised the opening of a bidding process for a new LPG pipeline that will free up slots on the busy interoceanic waterway.
The pipeline is set to allow LPG vessels to discharge at one end of the canal, while other tankers can pick up the cargo at the other end.
“This complementary activity will be incorporated into the sustainable development of the Panama Canal’s West Bank route, which includes activities and alternatives to transporting products by sea,” the Panama Canal Authority stated in a release.
Earlier this year, the Panama Canal board of directors approved funding for the construction of a new lake in the middle course of the Indio river watershed, a massive project designed to help ensure the waterway can combat droughts.
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