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Category: Panama

Category:
  • Panama

Panama Canal Vessel Queue Reflects Shipping-Bottleneck Uptick

: 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

Posted On : 19 May 2022 Published By : Tom Whipple
Category:
  • Panama

Panama Canal Authority suspends Neopanamax locks 49.5-foot draft restriction

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

Posted On : 12 May 2022 Published By : Tom Whipple
Category:
  • LNG
  • Panama

LNG voyages could face significant impacts from new Panama Canal toll structure

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

Posted On : 2 Apr 2022 Published By : Tom Whipple
Category:
  • Panama

Panama Canal postpones Neopanamax lock draft restrictions

 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

Posted On : 15 Mar 2022 Published By : Tom Whipple
Category:
  • Panama

Panama Canal to decrease Neopanamax locks maximum draft to 49.5 feet

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

Posted On : 3 Feb 2022 Published By : Tom Whipple
Category:
  • LNG
  • Panama

Return of Panama Canal extended wait times hits LNG market, freight economics

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

Posted On : 29 Jan 2022 Published By : Tom Whipple
Category:
  • LNG
  • Panama

Panama Canal LNG transits fall 30% in December amid diversions to Atlantic: operator data

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

Posted On : 13 Jan 2022 Published By : Tom Whipple
Category:
  • Panama

Planned Panama Canal maintenance to severely impact transit capacity: shipping agents

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

Posted On : 21 Aug 2021 Published By : Tom Whipple
Category:
  • Panama

Panama Canal LNG transits jump 12% through three quarters of current fiscal year

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

Posted On : 14 Jul 2021 Published By : Tom Whipple
Category:
  • Panama

Panama Canal watching for surge in LNG transits to continue during early July

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

Posted On : 3 Jul 2021 Published By : Tom Whipple
Category:
  • Panama

Panama Canal Tackles Climate-Change Puzzle: Too Little Rainwater or Too Much

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

Posted On : 29 Jun 2021 Published By : Tom Whipple
Category:
  • Panama

Panama Canal weighing additional compensation for canceled LNG bookings

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

Posted On : 24 Feb 2021 Published By : Tom Whipple
Category:
  • Panama

Panama Canal sets new monthly record in January for LNG transits: operator

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

Posted On : 4 Feb 2021 Published By : Tom Whipple
Category:
  • Panama

Panama Canal constraints persist for LNG tankers arriving without a reservation

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

Posted On : 23 Jan 2021 Published By : Tom Whipple
Category:
  • Natural Gas Exports
  • Panama
  • Shipping

Panama Canal wait times rise for Asia-bound LNG cargoes without reservations

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

Posted On : 25 Dec 2020 Published By : Tom Whipple
Category:
  • Panama

Panama Canal Authority to consider adding additional booking slots for LNG tankers

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

Posted On : 5 Dec 2020 Published By : Tom Whipple
Category:
  • Panama

Panama Canal freshwater fee increases delays, transit fees; MR freight higher

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

Posted On : 27 Feb 2020 Published By : Tom Whipple
Category:
  • Panama

Climate change poses new threat to Panama Canal

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

Posted On : 4 Jun 2019 Published By : Tom Whipple
Category:
  • Panama

What Panama’s Worst Drought Means for Its Canal’s Future

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

Posted On : 18 May 2019 Published By : Tom Whipple
Category:
  • Panama

Panama Canal Authority to tighten draft restriction to 43 feet

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

Posted On : 7 May 2019 Published By : Tom Whipple
Category:
  • Panama

Number of LNG tankers passing through Panama Canal in 2018 up 77% on year: canal authority

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

Posted On : 3 May 2019 Published By : Tom Whipple
Category:
  • Panama

Panama Canal reduces maximum authorized draft in Neopanamax locks | S&P Global Platts

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

Posted On : 2 May 2019 Published By : Tom Whipple
Category:
  • Panama

EIA says January residual fuel oil exports to Panama tripled on year

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

Posted On : 12 Apr 2019 Published By : Tom Whipple
Category:
  • Panama

Tighter Panama Canal draft restrictions could hit Aframaxes, LR2 transit

 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

Posted On : 14 Mar 2019 Published By : Tom Whipple
Category:
  • Panama

Panama Canal to restrict draft to 49 feet as of February 11

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

Posted On : 8 Jan 2019 Published By : Tom Whipple
Category:
  • China
  • Panama

Exclusive: Shell wins LNG deal to supply Chinese firm’s power plant in Panama

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

Posted On : 21 Sep 2018 Published By : Tom Whipple
Category:
  • Panama

Panama Canal head expects fewer China, U.S. ships if trade war escalates

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

Posted On : 15 Sep 2018 Published By : Tom Whipple
Category:
  • Panama

Panama Vies To Become Oil Producing Country

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

Posted On : 25 Aug 2018 Published By : Tom Whipple
Category:
  • Panama
  • USA

Panama, U.S. to sign pact to expand regional access to LNG

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

Posted On : 18 Aug 2018 Published By : Tom Whipple
Category:
  • Panama

Panama Canal Authority to allow LNG vessels chance for second reserved daily slot starting in October

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

Posted On : 28 Jun 2018 Published By : Tom Whipple
Category:
  • Panama

Panama Canal to cut transit draft to 48 feet on April 27: ACP

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

Posted On : 20 Apr 2018 Published By : Tom Whipple
Category:
  • Panama

The Panama Canal Needs To Be Expanded Again

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

Posted On : 19 Apr 2018 Published By : Tom Whipple
Category:
  • LNG
  • Panama

Choke points could emerge to inhibit global LNG trade expansion in 2018

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

Posted On : 17 Feb 2018 Published By : Tom Whipple
Category:
  • LNG
  • Panama

Panama Canal Can’t Handle U.S. LNG Boom

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

Posted On : 12 Dec 2017 Published By : Tom Whipple
Category:
  • Panama

The Panama Canal Is Now a Major Problem for U.S. Shale

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

Posted On : 9 Dec 2017 Published By : Tom Whipple
Category:
  • Panama

The Panama Canal’s Big Bet Is Paying Off

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

Posted On : 9 Oct 2017 Published By : Tom Whipple
Category:
  • LNG
  • Panama

Panama Canal Authority, shippers work to double LNG capacity

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

Posted On : 5 Oct 2017 Published By : Tom Whipple
Category:
  • Panama

Panama Canal to see daily LNG carrier transits within 4 years, says CEO

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

Posted On : 3 May 2017 Published By : Tom Whipple
Category:
  • Panama

Shell gets access to oil hub in Panama: sources

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

Posted On : 23 Mar 2017 Published By : Tom Whipple
Category:
  • Panama

Tankers: Panama Canal delays reduced but still averaging three-six days

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

Posted On : 26 Jan 2017 Published By : Tom Whipple
Category:
  • Climate
  • Panama

Panama Canal to recognize ships with high environmental efficiency: ACP

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

Posted On : 4 Nov 2016 Published By : Tom Whipple
Category:
  • Panama

Panama Canal readies for surge in tonnage after upgrade

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

Posted On : 28 Oct 2016 Published By : Tom Whipple
Category:
  • Panama

Panama Canal revises upward draft restriction for Neopanamax locks

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

Posted On : 6 Aug 2016 Published By : Tom Whipple
Category:
  • Panama

Expanded Panama Canal reduces travel time for shipments of U.S. LNG to Asian markets

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

Posted On : 1 Jul 2016 Published By : Tom Whipple
Category:
  • Panama

Panama opens canal extension, only a dozen heads of state attend

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

Posted On : 27 Jun 2016 Published By : Tom Whipple
Category:
  • Panama

Panama Canal expansion unlikely to significantly change crude oil, petroleum product flows

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

Posted On : 24 Jun 2016 Published By : Tom Whipple
Category:
  • Panama

The New Panama Canal: A Risky Bet

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

Posted On : 23 Jun 2016 Published By : Tom Whipple
Category:
  • Panama

Panama Canal’s new, expanded locks at ‘full operability’

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

Posted On : 2 Jun 2016 Published By : Tom Whipple
Category:
  • Panama

Panama Canal Fever Sweeps Globe Again as New Era in Trade Nears

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

Posted On : 25 May 2016 Published By : Tom Whipple
Category:
  • Panama

The agony of Venezuela continues

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

Posted On : 25 May 2016 Published By : Tom Whipple

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