The Panama Canal Authority is considering seeking greater compensation for canceled bookings during peak seasonal demand periods, as it works to add a third daily reserved transit slot for LNG vessels to ease congestion, Administrator Ricaurte Vásquez Morales said in an interview Feb. 23. Receive daily email alerts, subscriber notes & personalize your experience. Register Now When the Canal announced in June 2018 the addition of a second daily booking slot for LNG vessels, officials said a third was expected by 2022. With the process toward that goal ongoing, the operator is weighing the importance of securing revenue to enhance its flexibility in a volatile commodity environment, Vásquez told S&P Global Platts. The delicate balancing act comes amid extended wait times at the Canal, especially for LNG vessels transiting the shortest […]