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Panama canal opens way for more LNG carriers

June 27, 2018

Panama canal opens way for more LNG carriers

The Panama Canal Authority will increase the number of daily reserved transit slots available for LNG vessels starting October 1 and will further increase the number again by 2022 according to Deputy Administrator Manuel Benitez.

Starting October 1, LNG vessels will potentially be able to book a second daily slot, versus one currently. A third could be added by 2022. Some restrictions are expected to be lifted in October: for example, LNG vessels will be allowed to transit the locks at night, and they will be allowed to encounter other LNG vessels when transiting the canal, Benitez said.

Edited from Bloomberg and Platts articles.