Oil Price Back in March, S&P Global reported that a record 24 cargoes carrying nearly 1.6 million metric tons of U.S. LNG had reached Asia via the Cape of Good Hope in the first three months of 2024, with exporters choosing the much longer route and shunning the Panama and Suez canals due to various challenges. S&P reported that only 14 cargoes
From Reuters The Panama Canal will continue authorizing vessels coming from Venezuela provided they present the necessary paperwork, the waterway’s chief said on Wednesday, suggesting a new round of U.S. sanctions on the South American nation should not make a difference to canal traffic. President Donald Trump’s administration last week issued an executive order freezing all Venezuelan government assets in
Q-Flex class LNG carriers fit the expanded Panama Canal From AJOT Expanded Panama Canal commemorates a milestone transit by a Q-Flex vessel, the world’s second largest LNG tanker class The Panama Canal yesterday welcomed Qatargas’ Al Safliya, the first Q-Flex and the largest liquefied natural gas (LNG) tanker to ever transit the waterway. The tanker–which measures 315 meters in length
Canal surpasses LNG’s three-vessel record set in April From Seatrade Maritime News The Panama Canal reached a new milestone Monday after the successful transit of four liquefied natural gas (LNG) ships with a beam of up to 160 feet (49 metres) in a single day through the neopanamax Locks and with it broke the record set on 17 April 2018,
From FreightWaves The expanded Panama Canal, which can now accommodate larger ships in greater numbers, has altered trade flows on the North American continent. The expansion, completed on June 26, 2016, doubled the capacity of the Panama Canal. East Coast ports invested billions of dollars dredging their harbors so larger vessels could make calls and adding cranes to accelerate the
From LNG World Shipping Eastbound containers vs. westbound LNG: both set record volumes in May Growing container traffic to the East Coast of the United States and a new liquefied natural gas export business to Asia are driving record volumes through the Panama Canal. In May, a total of 38.1M tons went through the canal, according to the Panama Canal Universal
From Maritime Executive The Panama Canal has added an additional reservation slot to its Neopanamax locks, bringing the total available booking slots to eight daily. Demand has grown since the inauguration of the Expanded Canal nearly two years ago. So far, in fiscal year 2018 which began on October 1, 2017, the Expanded Canal has transited 1,183 Neopanamax vessels including
From Seatrade Maritime News Underscoring changing trade patterns the first-ever liquefied natural gas (LNG) shipment from the Dominion Cove Point terminal in the US to Japan has transited the Panama Canal. The transit of the LNG Sakura, which occurred last Saturday beginning in the Agua Clara locks on the Panama Canal Atlantic side, initiated a new LNG commercial route between
From gCaptain The Panama Canal Authority has announced it will increase the maximum allowable beam for vessels in the new Neopanamax locks by more than two meters, which will inevitably result in even-bigger ships using the waterway. The ACP said in an advisory to shipping this month that, starting on June 1, 2018, the new maximum allowable beam will be set to 51.25
From Reuters Looking at adding more locks TOKYO (Reuters) – The Panama Canal may carry five times as much liquefied natural gas (LNG) in 2020 as it did last year as production of the fuel expands in the United States and Asian import demand rises, the head of the canal’s governing agency told Reuters. LNG volumes traversing the Canal could
From Reuters PANAMA CITY, Feb 7 (Reuters) – The number of liquefied natural gas (LNG) tankers traversing the Panama Canal is expected to jump 50 percent by September due to rising exports of the fuel from the United States, the head of the canal’s governing agency told Reuters. After adding a third set of locks in 2016, the Panama Canal
Dealing with costly delays in getting tankers through the Panama Canal may slow down U.S. LNG shipments, according to Octavio Simoes, president of LNG export terminal developer Sempra LNG & Midstream. Bloomberg reported that Simoes calculated that every day a cargo is held up at the canal can cost a trader $45,000. Simoes was speaking at Energy Dialogues LLC’s North American Gas
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