: LA Port Chief The global shipping bottlenecks rattling industries and consumers in the pandemic era were plain to see for the politicians, economists and investors gathering for a Latin Continue Reading
The suspended draft allows fully-laden Suezmax transits 50-foot maximum permits Neopanamax container ship transits Southbound transit waiting times for Supers at eight days The 49.5-foot draft restriction for the Neopanamax Continue Reading
Changes to be phased in starting in 2023, after comments Operator wants fees to reflect shifting market conditions A new fee structure proposed by the Panama Canal Authority April 1 Continue Reading
Postponed draft decrease extends fully-laden Suezmax transits 49-foot draft restriction limits Suezmax tankers, Neopanamax container ship transits Waiting times for transit decrease to six days southbound The first draft reduction Continue Reading
Highlights Decrease marks first draft adjustment in six months Fully-laden Suezmaxes no longer able to transit Waiting times for transit increase, pressuring freight The maximum allowable draft at the Neopanamax Continue Reading
Increased transit volumes at the Panama Canal pushed wait times higher for clean petroleum product and unreserved LNG tankers during the week ended Jan. 28, as more cargoes headed to Continue Reading
Highlights Interbasin spreads helped shift trade flows January sees Asia buying appetite pick up LNG transits via the Panama Canal plunged 30% in December as Pacific-bound cargoes diverted to the Continue Reading
Scheduled maintenance at the Panama Canal’s Miraflores Locks Aug. 29-Sept. 10 could severely impact canal capacity and extend transit delays for “days, if not weeks after completion,” shipping sources have Continue Reading
Strong Asia prices lift shipments from US Congestion spurs increase in eastward voyages LNG tanker transits through the Panama Canal recorded a 12% increase from October through June compared with Continue Reading
Highlights Strong prices, demand pull more Atlantic cargoes to Asia More eastward voyages around Cape of Good Hope also seen The Panama Canal Authority is monitoring for high arrivals of Continue Reading
The Panama Canal faces a creeping threat from climate change, including droughts so intense that ships sometimes reduce their cargo so as not to run aground, and giant storms that Continue Reading
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 Continue Reading
A new monthly record was set in January for LNG tanker transits of the Panama Canal, as US shipments to Asia surged, according to the operator of the Canal. Receive Continue Reading
LNG tankers passing through the Panama Canal without a reservation faced average wait times of more than a week Jan. 22, continuing the constraints that began in earnest in October. Continue Reading
Average Panama Canal passage wait times for Asia-bound LNG tankers from the US Gulf Coast without reservations are up to 13 days, the Panama Canal Authority has reported. Receive daily Continue Reading
The Panama Canal Authority may add additional reserved LNG transit slots in the future to address the increase in US exports via the shortest route from the Gulf Coast to Continue Reading
The implementation of new freshwater conservation surcharge at the Panama Canal on February 15 has doubled typical wait times for clean tankers at the Canal in recent weeks, and higher Continue Reading
At the end of last year, the Panama Canal had a problem: too much water. Torrential rains had swollen its main water source, the artificial Lake Gatun, beyond capacity, forcing Continue Reading
A severe drought in Panama has resulted in lower water levels in the Panama Canal, forcing some shippers to limit the amount of cargo their largest ships carry so they Continue Reading
The Panama Canal Authority announced a new maximum draft restriction of 43 feet, or 13.11 meters, the sixth since January, in the Gatun Lakes, which will come into effect May Continue Reading
The number of LNG tankers through the expanded Panama Canal in 2018 increased 77% year on year, according to the Panama Canal Authority. Looking at the volume of LNG carriers Continue Reading
The Panama Canal Authority has reduced the maximum authorized draft for vessels transiting the Neopanamax locks for the fifth time this year, following a serious drought that has reduced water Continue Reading
US residual fuel oil exports to Panama totaled 943,000 barrels in January, up more than three times from 303,000 barrels in the year-ago month, Energy Information Administration data showed Thursday. Continue Reading
The Panama Canal Authority’s new maximum draft restriction of 45 feet, or 13.72 meters, could impede the transit of Aframaxes and Long Range 2 tankers through the Neopanamax Locks, as Continue Reading
Due to an unusually low amount of rain in December, the Panama Canal Authority (ACP) announced Monday that the maximum draft for a ship transiting the Neopanamax locks will be Continue Reading
Royal Dutch Shell Plc has won a long-term contract to provide liquefied natural gas to a Chinese company’s 441 megawatt power plant under construction in Colon, Panama, advisors on the Continue Reading
Fewer ships from China and the United States could use the Panama Canal if trade tensions escalate between the two economic giants, but the dip could be offset by grain Continue Reading
Panama is carrying out studies for potential oil exploration, hoping that recently discovered oil fields in neighboring Colombia close to Panama’s border could extend into Panama. Panama is 100-percent dependent Continue Reading
Panama on Friday will sign an agreement with the U.S. Treasury and Energy departments aimed at paving the way for more private investment to expand the importation and distribution of Continue Reading
The Panama Canal Authority will boost the number of daily reserved transit slots available for LNG vessels starting October 1 and will make improvements that will allow it to increase Continue Reading
The Panama Canal Authority (ACP) will reduce the maximum draft for vessels transiting the Neopanamax locks to 48 feet or 14.63 meters tropical fresh water starting April 27, it said. Continue Reading
When the Panama Canal was expanded, it drew a lot of enthusiasm, with many seeing U.S. oil and gas exports surging thanks to the wider waterway that cuts the journey Continue Reading
As the market embarks on a second year of record level LNG supply from the Atlantic Basin and strong competition from Asia for those volumes, a potential choke point is Continue Reading
The International Energy Agency recently predicted that the United States could become the world’s top LNG exporter within ten years. This prediction, however, is far from a certain one. The Continue Reading
A boom in natural-gas exports creates new challenges Last-minute schedule changes for LNG tankers headed to Asia It seemed at the time like a somewhat random, and amazingly fortuitous, coincidence. Continue Reading
Since the start of the year, transiting tonnage at the Panama Canal has increased by nearly 23%. Above, a ship makes its way through the locks at the Panama Canal Continue Reading
The Panama Canal Authority is working with LNG shippers towards doubling the capacity set aside for LNG vessels by next October, the PCA said Wednesday. The PCA is working towards Continue Reading
The number of LNG carrier transiting the Panama Canal could average one a day by 2021 as more US supply comes on stream and targets demand in North Asia, according Continue Reading
Royal Dutch Shell agreed to lease capacity at a large oil terminal in Panama that has been used by U.S. refiner Tesoro Corp, sources involved in the deal told Reuters, Continue Reading
The waiting time for non-booked Panamax-class vessels on the Panama Canal is about six days, a Panama Canal Authority manager said Wednesday. “Neopanamax slots are almost 100% sold for the Continue Reading
The Panama Canal Authority (ACP) has launched the Environmental Premium Ranking, a new initiative to reward shippers with vessels meeting high environmental efficiency standards starting January 1, 2017. The new Continue Reading
The Panama Canal is likely to attract up to 15 percent more tonnage next year after an upgrade which means it can now accommodate gas tankers previously too large to Continue Reading
The Panama Canal Authority has revised upward the draft restriction for vessels transiting the Neopanamax locks to 13.41 meters (44 feet) effective immediately. “This draft limit is based on the Continue Reading
Note: Calculations assume export from the Sabine Pass liquefaction terminal at an average LNG Carrier speed of 19.5 knots and one-day transit time through the Panama and Suez Canals. The Continue Reading
A cargo ship is pictured crossing through the Miraflores locks, a day before the inauguration of the Panama Canal Expansion project, in Panama City, Panama June 25, 2016. Panama opened Continue Reading
On June 26, the Panama Canal Authority, the body that operates the Panama Canal, will inaugurate a third set of locks, which will allow for the transit of larger ships. Continue Reading
On July 8, 2009, the champagne finally flowed. After an intense two-year competition, a consortium led by a Spanish company in severe financial distress learned that its rock-bottom bid of Continue Reading
The consortium designing and building the Panama Canal’s new set of expanded locks says they are working at full capacity and ready to receive their first ships. Grupo Unidos por Continue Reading
As U.S. gas exports ramp up, new route will slash time to Asia A century after transforming global markets, the Panama Canal is about to redraw world trade once again. Continue Reading
NUMEROUS GOVERNMENTS, including the Obama administration, last week called for political negotiations in Venezuela to head off an incipient and potentially catastrophic breakdown of political and economic order. Former Spanish Continue Reading
