LNG

Panama’s perks are for a limited time only

The Panama Canal is likely to become a bottleneck for LNG tankers in just a few years, according to a study released this week The Panama Canal is likely to become a bottleneck for LNG tankers in just a few years, according to a study released this week.
By The Wildcat 13 April 2018 0 30422
A Chinese Navy hospital ship sailing into a ship lock of the Panama Canal. (PA) A Chinese Navy hospital ship sailing into a ship lock of the Panama Canal. (PA)

The Panama Canal Authority (PCA) announced “a new era of global trade” on 26 June 2016 – the day the expanded canal opened for business. It was a fair claim. The widening of the waterway saw LNG vessels using it for the first time. It allowed tankers to cut weeks off their journeys – and pass on millions of dollars in savings to energy-hungry importers. 

It is an 8-10 hour trip from Colon to Balboa, the ports at either end of the waterway. The same journey...