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Expanded Panama Canal officially opens

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LNG Industry,


The newly expanded Panama Canal has now been officially opened. The expansion will provide greater economics of scale to global commerce, introduce new routes, liner services and industries, including LNG.

CEO Jorge L. Quijano said: “More than 100 years ago, the Panama Canal connected two oceans. Today, we connect the present and the future.

"It is an honour to announce that what we did it together: providing this great connection to the world. This is the beginning of a new era."

The Panamanian President, Varela, said: “Canal users can be assured that we'll continue to support the Panama Canal Authority and our port operators to provide them a world class service and strengthen our logistics system by creating the necessary incentives and conditions to give added value to our inter-oceanic route.”

The Neopanamax COSCO Shipping Panama vessel was the first to use the passage. It is currently en route to Asia.

Quijano added: “We are thrilled that we currently have 170 reservations for Neopanamax ships, commitments of two new liner services to the Expanded Canal, and a reservation for the first LNG vessel, which will transit in late July.

“Our customers care that their supply chain is reliable and that they have a diversity of shipping options. And the Canal has always been reliable; today, we offer the world new shipping options and trade routes."

Edited from press release by David Rowlands

Read the article online at: https://www.lngindustry.com/lng-shipping/27062016/expanded-panama-canal-officially-opens-2658/


 

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