31 Jul No Comments gregsamuel_e5x9azx4 LNG World News
LNG carrier marks 4000th Panama Canal transit
Image courtesy of Panama Canal

Panama Canal registered the transit of its 4,000th Neopanamax vessel through the Expanded Canal on July 29, with the transit of the liquefied natural gas tanker Maria Energy from the Atlantic to the Pacific Ocean. 

The Maria Energy was followed by another LNG tanker, the Maran Gas Alexandria, which also transited the neopanamax locks in the southbound direction.

Both vessels were loaded in Cheniere Energy’s Sabine Pass LNG export facility in Louisiana, USA, Panama Canal noted in its statement

The waterway regularly transits two LNG vessels the same direction in the same day and is capable of transiting up to three vessels the same day in the same direction during periods of uncharacteristically high demand.

The Panama Canal said in June that it will be lifting natural daylight restrictions for LNG transits on October 1, 2018, to offer added capacity to shippers.

By lifting encounter restrictions, LNG vessels will also be able to navigate Gatun Lake at the same time, allowing two different LNG vessels to transit the Canal the same day in two different directions.

Of the 4,000 vessels that have transited to date, roughly 52 percent have been from the container segment.

Liquefied petroleum gas (LPG) vessels constitute another 27 percent, and LNG carriers, a relatively new segment to the Panama Canal, have been responsible for 10 percent of traffic. Dry and liquid bulk carriers, car carriers and cruise ships make up the remaining transits.

Other notable transits thus far include the MSC Anzu, which became the 1000th transit on March 19, 2017, the COSCO Yantian which registered the 2,000th transit on September 26, 2017, and the MSC Caterina which registered the 3,000th transit on March 2, 2018.