The LNG carrier Maran Gas Apollonia approaches the Agua Clara locks in the Panama Canal, July 25, 2016. Photo: Panama Canal Authority (ACP)
The first cargo of LNG entered the expanded Panama Canal on Monday marking the latest in the ‘new era’ of shipping being ushered in with the opening of the canal’s larger locks last month.
The LNG carrier Maran Gas Apollonia entered the new Agua Clara locks on the Atlantic side of the Panama Canal Monday morning carrying a cargo of LNG from the U.S. Gulf Coast to Asia.
The transit marks the first natural gas cargo ever through the Panama Canal.
The $5.3 billion Panama Canal expansion project was inaugurated June 26 with new locks big enough to accommodate most LNG carriers, an entirely new segment for the waterway.
The Shell-chartered MV Maran Gas Apollonia, measuring 289 meters in length and 45 meters in beam, is sailing from Cheniere Energy’s Sabine Pass export terminal in Louisiana en-route to east Asia. AIS data showed the ship under using engine having already cleared Gatun Lake as of 1:23 p.m. local time.
A second LNG carrier, BP’s LNG carrier British Merchant, is expected to pass through the Panama Canal on Tuesday, followed by a third cargo in early August.
The Panama Canal Authority said Monday the opening of the expansion and transit of Maran Gas Apollonia ushers in a “new era” for the LNG segment and global LNG trade, with new locks that can accommodate 90 percent of the world’s LNG carriers, according to the ACP.
“For example, with the United States poised to become one of the world’s top LNG exporters in the next five years, the Canal will allow vessels departing the U.S. East and Gulf Coast for Asia to enjoy significant reductions in voyage times (up to 22.8 days roundtrip), making U.S. gas deliveries to major Asian importers very competitive. Vessels departing the U.S. Gulf Coast for the West Coast of South America will similarly experience generous time savings”, the ACP said in a statement Monday.
“In addition, LNG ships from the production plants in Trinidad and Tobago could head to Chile where LNG is regasified and distributed for energy-producing purposes. For this route, the Expanded Canal provides savings of 6.3 days in transit time compared to the Magellan Strait,” the ACP said.
“The transit of the first LNG vessel through the new Panama Canal locks is a milestone in the waterway’s history,” said Panama Canal Administrator and CEO Jorge L. Quijano. “LNG trade will greatly benefit from the Expansion, and we look forward to welcoming even more LNG vessels through our great waterway. This transit marks the beginning of a new era that will result in cleaner and lower cost energy for the world.”
A Russian Navy frigate equipped with new generation hypersonic cruise missiles has conducted drills in the English Channel and is carrying out tasks in the Atlantic Ocean, Russian news agencies reported on Tuesday.
(Bloomberg) — Chinese lawmakers got a head start on the US election this week as they gathered to vote on the largest fiscal package since the pandemic. But now that...
by Ossian Shine, (Reuters) – Germany’s Red Bandit, skippered by Carl-Peter Forster, was crowned winner of the 45th Rolex Middle Sea Race, becoming the third German yacht to win the prestigious offshore challenge. Following...
November 2, 2024
Total Views: 1686
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.