Industry News

Courtney Agencies Ltd. provides a weekly industry news update to its clients.

Please click here to receive this update by email.

 

 

 

 

Customs &
Trade News

Transport &
Trade News


October 03, 2018

Four liquefied gas carriers cross Panama canal on same day

The Panama Canal reached a new milestone Monday after the successful transit of four liquefied natural gas (LNG) ships with beams of up to 160 feet (49 meters) in a single day through the Neopanamax Locks.

The Ribera del Duero Knutsen with a cargo capacity of 173,000 m3 and Maran Gas Pericles with cargo capacity of 174,000 m3 transited northbound, while Torben Spirit with a cargo capacity of 174,000 m3 and Oceanic Breeze with a cargo capacity of 155,300 m3 transited southbound, facilitating international trade between customers in South Korea, Japan, Chile and the US Gulf Coast.

As a result of experience acquired with the transit of more than 4,200 Neopanamax vessels, the Panama Canal introduced changes to its Transit Reservation System to offer two slots per day to LNG vessels. These modifications have allowed to optimize the Expanded Canal's capacity, in order to meet specific demands such as the transit of four LNG vessels Monday.

"The transit of these four LNG ships in just one day demonstrates the Panama Canal's commitment to maximizing the efficiency, flexibility and reliability of its service to all customers," said Panama Canal Administrator Jorge L. Quijano.

Source: Panama Canal Authority