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Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
16200 Central Green Blvd
GAC Regional Office, Asia Pacific 78 Shenton Way, #29-01
Group Vice President, Asia Pacific & Indian Subcontinent
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
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05 Feb 2021 / Panama Canal, Panama
The Panama Canal set a new monthly record for transits and tonnage of liquefied natural gas (LNG) vessels in January, which shows its capacity to respond to the demand of this segment, as a result of the recent surge in the energy market.
In January, a total of 58 LNG vessels transited through the Neopanamax Locks, totaling 6.74 million Panama Canal tons (PC/UMS). The previous monthly records were set in January 2020 with 54 transits and in November 2020 with 6.23 million PC/UMS…
…The Panama Canal implemented recent adjustments in its processes to provide greater flexibility in its operations and respond more efficiently to the continuous changes in the demands of maritime trade, reflected in the current vessel mix that use the waterway.
In January, the Panama Canal announced modifications to the Transit Reservation Booking System, allowing any slot that becomes available for Neopanamax vessels within 96 hours prior to transit to be offered through an auction process.
Since the modifications, the Canal has conducted 25 auctions, of which nine have been awarded to LNG vessels. In addition, the Canal was able to transit three northbound LNG vessels in one day, on January 25, and the transit of four LNG ships, two northbound and two southbound, in one day on January 31. This has allowed the Canal to maximize the efficiency and flexibility of the transit service to better handle the current demand.
The increase of LNG transits through the Panama Canal is a result of record winter temperatures in Asia, which have caused LNG prices to rise to unprecedented levels.
(For information about operations in Panama, contact GAC Panama at [email protected])
Source: Panama Canal Authority (www.pancanal.com) press release dated 3 February 2021