• 2018 February 21 12:01

    Panama Canal hosts Cheniere Energy to discuss LNG’s Future at the waterway

    Representatives from the Panama Canal, led by Administrator Jorge L. Quijano, hosted executives from U.S. LNG exporter Cheniere Energy, Inc. to discuss the waterway's growing LNG vessel segment and opportunities for future growth, the company said in its press release.

    With LNG emerging as its newest and fastest-growing segment, the Panama Canal has worked closely with shippers as part of an ongoing commitment toward strengthening overall communication and improving service and reliability for customers.

    "Our visit allowed a greater understanding of the complexities around the Panama Canal operations. We are very appreciative of the collaboration with the Panama Canal to facilitate our 62 transits in 2017, positioning Cheniere as the largest LNG user of the Canal," said Eric Bensaude, Managing Director, Commercial Operations and Asset Optimization for Cheniere. "The Panama Canal and the LNG industry are, together, going through a learning curve. Cheniere is confident in the Panama Canal's capabilities to adapt in addressing the needs of the growing LNG sector. The success of the Panama Canal is essential to the satisfaction of Cheniere's customers and to the LNG industry as a whole."

    When the Expanded Canal was inaugurated in June 2016, it opened the waterway up to 90 percent of the global LNG fleet and allowed LNG producers in the United States to ship natural gas to Asia at competitive prices for the first time. Since then, the Canal's Neopanamax locks have transited more than 280 LNG vessels, and industry experts expect traffic to continue to rise steadily.

    "As exports from the United States increase, LNG transits could increase by 50 percent by as early as September. The meetings with Cheniere allowed us to hear about customers' experience transiting the Neopanamax locks first-hand, and to collaborate on ways we can continue meeting this growing demand from the LNG industry," said Administrator Quijano. "We look forward to working with all of our customers as the industry expands even more."

    Commensurate with current levels of traffic, the Panama Canal offers one reservation slot per day for LNG vessels. The Canal has transited up to two fully loaded LNG vessels a day, when it has been necessary, as part of its efforts to accommodate customers' needs. In fact, two-LNG-transit days have become more and more frequent as the result of the optimization achieved by traffic scheduling and close coordination with Canal customers. The Panama Canal is also offering more flexibility for LNG bookings so exporters can opt for the Canal route even if that was not the original plan. As expectations for growing LNG shipments materialize, the Panama Canal is already working towards significantly increasing the number of LNG vessels that can transit the Neopanamax locks in a day.

    "At the Panama Canal, we strive to provide the highest standards of safe, efficient and reliable service to the global maritime community. To do so, it's crucial to continually work with, and listen to, our customers so that we can best anticipate their needs and exceed their expectations. In the same way that we have reliably attended to our traditional market segments, we look forward to continuing to work with Cheniere and all of our industry partners so that together we can realize LNG's bright future at the Canal and deliver value for all of our customers around the world," said Quijano.

2018 March 22

11:14 Bunker prices are flat at the Far East ports of Russia (graph)
10:53 The Maritime Standard announces a special discount for the 2018 Awards
10:27 Brent Crude futures price up 0.01% to $69.48, Light Sweet Crude – up 0.09% to $65.23
10:05 Ukraine’s water transport carried 1,000 passengers in 2M’18, down 64.7%, Y-o-Y
09:41 Cargo transportation by Ukraine’s water transport grew by 41.2% to 0.3 million tonnes in 2M’18
09:19 Baltic Dry Index down to 1,117 points

2018 March 21

18:29 Wight Shipyard wins second order for fast ferry duo from Mexican ferry operator
18:16 Dorian LPG announces third Japanese financing
18:14 GasLog Partners LP announces acquisition of GasLog Gibraltar for $207 million and repayment of intercompany loan
18:04 ABP South Wales achieves new ISO 9001:2016 standard for bulk handling operations
17:42 Port of Gdansk to breathe new life into Dworzec Drzewny Quay
17:20 ABB wins contract to equip two next-generation shuttle tankers with future-proof solutions
17:13 Finnlines decides to exercise the options to lengthen two more ro-ro vessels
17:03 Throughput of Chinese ports up 4.7% to 1.45 billion tonnes in 2M’18
16:39 Pavel Bezmaternykh elected as Director of Eastern-Siberian Inland Navigation Company
16:18 Port of Gdansk overhauls its quays
16:00 Novikombank provides a $100 million loan to STLC
15:47 Huntington Ingalls names two vice presidents
15:21 Gulf Island Fabrication secures contracts for two specialized vessels
15:04 Seatrade Maritime Middle East 2018 to be held in Dubai on 29-31 October as part of UAE Maritime Week
14:42 LUKOIL’s profit in 2017 more than doubled YoY to RUB 418.8 bln
14:23 Wärtsilä and Crowley extend maintenance agreement for 11 articulated tug barges
13:56 IMO launches a video outlining how GMN initiative is uniting MTCCs into a global network
13:29 Ulstein built SOV Acta Auriga completes sea trials
13:11 Dubai will host MARACAD Maritime Innovation Awards on 3 October 2018
13:02 MARACAD 2018 will be held in Dubai on 2-3 October
12:30 17 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 20-21
12:09 Port of Quebec to cooperate with Port of Zeebrugge
11:47 Port of Immingham and partners hosted Driving Safety Forward forum
11:39 Vostochny Port JSC exported 5 million tonnes of coal YTD (photo)
10:50 Claimants and defendants in the case on allision of Delta Pioneer tanker with a pier at Primorsk port come to amicable agreement
10:31 Finnlines plans to lengthen two more Ro-Ro ships
10:15 Brent Crude futures price up 0.24% to $67.58, Light Sweet Crude – up 0.25% to $63.7
09:51 ABP's Port of Ayr took delivery of Liebherr crane
09:44 Bunker prices are going up at the Port of Saint-Petersburg, Russia (graph)
09:17 Baltic Dry Index down to 1,122 points
08:08 Scottish ports secure AEO status for Leith, Rosyth and Grangemouth
00:32 Ontario Government accepts Damen proposal for full ferry electrification

2018 March 20

18:20 Sirius Petroleum announces delivery of compact well head systems for Ororo-4 and Ororo-5
18:02 Leningrad Region Governor visits Vyborg Shipyard
17:56 PSA’s Bharat Mumbai Container Terminals enhances Nhava Sheva connectivity with first barge and train volumes
17:40 Van Oord posts results for 2017
17:25 Nevsky Shipyard designed a unique test stand
16:58 Multi-Link Terminals Ltd Oy orders Konecranes ship-to-shore crane for its Helsinki terminal
16:40 SMM 2018: green shipping makes headway
16:01 Transit shipments of containers on Russian Railways' network increased by 40% in January-February 2018
15:36 Rotterdam, the Netherlands will host 21st Ballast Water Management Conference on 7-8 November, 2018
15:13 NWSA container volumes grow 6 percent in February 2018
14:50 IMO Secretary-General Kitack Lim spoke at International Shipping Summit in Istanbul
14:24 More than half of spaces at icebreaker Arktika being built by Baltiysky Zavod are ready for outfitting (photo)
14:12 Maersk Line increases FAK rates from Far East to North Europe
13:35 Dredging works to be performed at seaport of Vladivostok
13:13 BP charters Safe Caledonia for West of Shetland
12:47 Traffic of passenger cars and buses through Crimea Bridge to be launched in May 2018 – RF Transport Ministry (photo)
12:01 Wan Hai Lines to launch new China to Vietnam service
11:51 40 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 19-20
11:28 Bunker prices level up at the Far East ports of Russia following last week’s fall (graph)
11:19 Maersk Line stops Winter Fee from world to St Petersburg FCT, RU, St Petersburg, RU, St Petersburg FP, RU, Ust Luga, RU and Kronshtadt
11:03 Skangas celebrates milestone with 1,000 LNG bunkering operations in 2017
10:40 Experts say Wärtsilä – Transas transaction is a step towards Wartsila localization in Russia