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August 02, 2018

LNG tanker is 4,000th ship to transit through new Panama Canal

The Panama Canal registered the transit of its 4,000th Neopanamax vessel through the Expanded Canal on July 30, underscoring the steady growth of the burgeoning LNG segment - which began transiting the waterway for the first time following the inauguration of the Expanded Canal.

The liquefied natural gas (LNG) tanker Maria Energy completed the milestone transit from the Atlantic to the Pacific Ocean on July 29.

"The steady increase in Neopanamax transits reflect our customers' confidence in the Expanded Canal, particularly with our fastest-growing segment," said Panama Canal Administrator, Jorge L. Quijano. "This reaffirms the value and impact our route has had across global maritime trade, including the fast-growing LNG segment."

The Maria Energy was followed by another LNG tanker, the Maran Gas Alexandria, which also transited the Neopanamax Locks in the southbound direction on Sunday. Both vessels were loaded in Cheniere Energy's Sabine Pass LNG export facility in Louisiana, USA.

The waterway regularly transits two LNG vessels the same direction in the same day, and has demonstrated the ability to transit up to three vessels the same day in the same direction during periods of uncharacteristically high demand.

Source: Panama Canal Authority