• Airways
  • Railway
  • Roadways
  • Shipping & Port
Transport Advancement
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports

    Shifting Sourcing strategies with Maersk, Bose & Infineon – Reuters Events

    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

    GRAHAM

    GRAHAM revenue stabilisation sets the platform for sustainable growth

    DP World Acquires Topaz in USD 1.1 Bn Deal

    DP World Acquires Topaz in USD 1.1 Bn Deal

    Siemens sells electric aircraft-propulsion business to Rolls-Royce

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports

    Shifting Sourcing strategies with Maersk, Bose & Infineon – Reuters Events

    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

    GRAHAM

    GRAHAM revenue stabilisation sets the platform for sustainable growth

    DP World Acquires Topaz in USD 1.1 Bn Deal

    DP World Acquires Topaz in USD 1.1 Bn Deal

    Siemens sells electric aircraft-propulsion business to Rolls-Royce

  • Events
  • Contact Us
No Result
View All Result
Transport Advancement
No Result
View All Result
Home Press Statements

LNG vessels could grow by half in coming months: Panama Canal Authority

19th February 2018
in Press Statements, Shipping & Port, Tankers and Gas Carriers
0
SHARES
48
VIEWS
Share on FacebookShare on Twitter

The Panama Canal Authority (ACP) expects that the growing global demand for LNG will boost transit through the waterway, said ACP administrator Jorge Quijano.

The demand for LNG has taken off in recent years due to the abundant supplies of natural gas, especially from shale deposits in the United States, and natural gas is also considered a cleaner fuel than coal or oil for the electricity generation.

“We are reaching almost one [LNG vessel] daily,” said Quijano.
In the last quarter of 2017, some 60 LNG vessels transited the waterway compared with 43 from the same period of the previous year. Most of the ships are loaded in the United States to later make deliveries on the Pacific coast of Mexico or South America.

Cheniere Energy, which is based in Houston and operates an LNG facility in Sabine Pass in Louisiana, has been expanding its exports while building a new LNG plant near Corpus Christi, in Texas, which is expected to become operational in December 2018.

US exports of LNG through the Panama Canal fell temporarily in September due to damage caused by Hurricane Harvey in several ports in Texas and Louisiana, but have recovered in recent months, said Quijano.

In its fiscal year 2017 (October 2016-September 2017), the Canal posted record cargo volume of 403.8m Panama Canal tonnes (PC/UMS), the largest amount of annual tonnage ever transited in its 103-year history. The 22.2% increase on FY 2016 is directly attributed to the added capacity provided by the expanded Canal, surpassing forecast of 399m PC/UMS. Transits also increased by 3.3% to 13,548 vessels.

Effective 1 December, the ACP increased the number of daily booking slots available for post-panamax vessels from six to seven. With this measure, the Canal embraced the additional capacity allowed for by the new, larger locks. The seven daily booking slots for post-panamaxes are in addition to the 23 slots available each day for transit through the panamax locks.

Previous Post

Alphabet certified for its exceptional employee offerings

Next Post

Adrian Waller, adore new challenges at University of surrey- Thales Cyber Expert

Related Posts

News

Growing Green Energy Projects Boosts Breakbulk Sector of North America

26th September 2023
News

Breakbulk sector getting ready for EU Emissions Trading System

26th September 2023
News

CMA CGM and Maersk tie up over shipping decarbonisation

25th September 2023
News

Shipping Leaders Collaborate For Eco-Friendly Fuel Standards

25th September 2023
Sai Maritime turns to JSA for a heavy lift transport
News

Sai Maritime turns to JSA for a heavy lift transport

22nd September 2023
News

Green Energy Impact On The Port Logistics of North America

21st September 2023
Next Post

Adrian Waller, adore new challenges at University of surrey- Thales Cyber Expert

Latest Post

Airways

Madrid-Samarkand Flight Facilitates UNWTO In Uzbekistan

29th September 2023
Lufthansa Cargo expands A321F network in Europe
Airways

Lufthansa Cargo expands A321F network in Europe

28th September 2023
DHL Global Forwarding Meets Demand for Australia's High Value Perishables Exports
Airways

DHL Express launches its first network flight to Argentina

7th September 2023
ANA Cargo becomes first Japanese carrier to join Pharma.Aero
Airways

ANA Expands SAF Flight Initiative Services for Air Cargo

7th September 2023
Menzies Aviation extends cargo partnership with Jazeera Airways at Kuwait Airport
Airways

Menzies Aviation extends cargo partnership with Jazeera Airways at Kuwait Airport

5th September 2023
Qatar Airways to launch flights to Rabat and expand JBA with Royal Air Maroc
Airways

Qatar Airways Cargo rolls out service to protect valuable and vulnerable shipments

5th September 2023
Transport Advancement

About Us

Transport Advancement is a leading information centric website for latest updates within the industry. We cover Railway, Road Traffic, Airways, Shipping & Port and run with an objective to provide knowledge driven content to our readers and subscribers in various forms like news, projects, upcoming events.

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack
  • Newsletter Subscription

System

  • Search
  • Site map
  • RSS Feed
  • Airways
  • Railway
  • Roadways
  • Shipping & Port

© 2022 Copyright Value Media Services 2022 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Articles
  • Press Statements
  • Market Reports
  • Events
  • Contact Us

© 2022 Copyright Value Media Services 2022 All rights reserved.