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Widened Panama Canal to Open June 26; U.S. LNG Supplies Expected to Remain in Atlantic Basin

Hellenic Shipping News reports that the Panama Canal widening project is expected to be inaugurated June 26, allowing it to accommodate large LNG tankers and permitting U.S. Gulf Coast LNG producers to reduce the shipping time to markets in Asia by approximately ten days.  However, according to an analyst, “prices in the Pacific aren’t currently high enough to create a large...

Eagle LNG to Construct Liquefaction Plant to Supply Crowley Ships

Eagle LNG announced that it has begun the construction process for a 200,000 gallons/day (87,000 gallons/day initially) natural gas liquefaction plant in West Jacksonville, Fla., which is anticipated to be operational by early 2017. The LNG will be used to supply Crowley’s new LNG-powered Commitment Class ships for trade between the U.S. mainland and Puerto Rico and also available for...

Panama Canal Expansion to Open June 2016

Bloomberg reports that the expansion of the Panama Canal is expected to open June 26, 2016, “almost two years behind schedule.” According to the report, the expansion will accommodate LNG carriers and enable such carriers traveling from the U.S. Gulf Coast to reach Asian markets “more than two weeks faster than they would going east through the Suez...

GAO Releases Report on the Implications of Using U.S. LNG Carriers for Exports

The U.S. Government Accountability Office (GAO) has released a report analyzing the effects on jobs and the U.S. maritime industry if Congress were to pass legislation requiring U.S. produced LNG to be exported via U.S.-built-and-flagged carriers.  The report finds that such a requirement could expand employment for U.S. mariners and shipbuilders if it does not reduce the expected...

Crowley Maritime Adds 16 ISO Tanks to Meet LNG Demand

Crowley Maritime Corporation announced that, in response to high customer demand, it has acquired 16 additional ISO tanks for its affiliate Carib Energy to supply LNG sourced from the United States to customers in Puerto Rico, the Caribbean and Central America.  According to the press release, the new 40-foot tanks, each with capacity of 10,700 gallons of LNG, feature improved...

New LNG Tanker Tolls Approved for Widened Panama Canal

The Cabinet Council of the Republic of Panama has officially approved a new segment and tolling structure for LNG and Liquefied Petroleum Gas (LPG) vessels passing through the Panama Canal. Tolls for LNG and LPG vessels will be based on cubic meters, whereas tolls for other vessels and tankers will be based on other units of measurement and pricing.  The new tolls for LNG tankers will...

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