Tag Archives: ocean shipping

A taste of irony: LNG tanker transits new Panama Canal locks

LNG is an area in which we can expect the new bigger Panama Canal to make a great difference in trade patterns. The major source of US export LNG will be in the deep south, the US Gulf Coast. There are also major LNG processing and storage facilities in the Caribbean island nations.  Transit times to Asia and to South America will be substantially improved, making US LNG exports competitive from a transportation standpoint.  And it appears the canal is accomplishing that.

So why hasn’t the flow of tankers happened yet?  The Canal management expects it to happen soon.  But wait a minute!  Just as for container ships, it appears that the Gulf Coast tanker ports cannot handle the larger vessels. They need operational and infrastructure improvements to support the larger ships’ needs for berthing, loading, and unloading.

Isn’t it ironic?  All the angst over dredging East Coast ports for container ships and rigging terminals to unload big ships fast, and no one thought of the same issues for tankers? Is no one in shipping thinking about supply chains?

Here’s the nice story by Deepa Vijiyasingam of Platts.

Platts Source: First LNG tanker transits new Panama Canal locks; 54 vessels through: ACP – Shipping | Platts News Article & Story

Six carriers form THE new alliance

There’s a new alliance– THE alliance!  It’s signed, it’s for five years, and it seems real, though anyone may back out.  What’s interesting is their announced commitment to integration beyond the port.  We’ll see how that works out.  No sign yet of what they actually plan to do in that area.

THE Alliance formed of Hapag-Lloyd, Hanjin, K Line, NYK, MOL and Yang Ming, with Hyundai out in the cold

Source: Six carriers sign five-year agreement to form new alliance – but Hyundai must wait to join – The Loadstar

NEWS FLASH: 2M Alliance to launch new Asia-USEC service

Via the Panama Canal.

American Shipper

Source: NEWS FLASH: 2M Alliance to launch new Asia-USEC service | AS Daily Newsletter | AS Daily | American Shipper