The Panama Canal Administration announces that it successfully transited three LNG vessels through its Neopanamax locks on April 17, 2018, marking a first for the waterway. On Tuesday, the Panama Canal transited the Clean Ocean, Gaslog Gibraltar and Gaslog Hong Kong vessels, which first arrived at the Canal from the Pacific Ocean and transited north, departing on the Atlantic side.
The development marks a significant milestone for the Panama Canal and its service of the burgeoning LNG segment – which began transiting the waterway for the first time following the inauguration of the Expanded Canal. The segment has seen steady growth in the nearly two years since.
Currently, the Panama Canal offers one of the seven Neopanamax reservation slots available per day to LNG shippers specifically, which currently average five transits per week. However, during periods of high seasonal demand, the waterway has transited two vessels in one day on 14 separate occasions. In this fiscal year, as of March 2018, the Canal has locked 134 LNG transits.
As demand from the LNG segment continues to grow, the Canal remains committed to meeting the needs of its customers and taking the necessary steps to increase capacity commensurate with demand.
Press release: micanaldepanama.com
Shipping News You Would Like:
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Latest Shipping News You Would Like:
Get the Latest Maritime News Delivered to Your Inbox!
Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.