Tuesday, August 23, 2016

UPDATE 1-Big oil tankers' need for retrofit delays use of new Panama Canal

HOUSTON, Aug 23 (Reuters) - The promise that some oil

traders and brokers saw for an expanded Panama Canal to become a

new route for large tankers will take longer to realize than

expected because many ships must first undergo inconvenient

retrofits to transit through the new locks, shipping industry

experts said.

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