PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 2.Apr.2025) — Canadian Pacific Kansas City Limited, together with Lanco Group/Mi-Jack, sold the Panama Canal Railway Company (PCRC) to APM Terminals, a global terminal operator and an independent division of A.P. Moller – Maersk. PCRC provides ocean-to-ocean freight and passenger services along […]
Tag: Panama Canal
IEA: Shipping Route Interruptions in 3Q:24
(International Energy Agency, 18.Oct.2024) — The strong momentum behind LNG project development continued in 2024 even with no US projects reaching final investment decision Since Russia’s full-scale invasion of Ukraine, over 150 bcm per year of LNG liquefaction capacity has been approved. The United States alone accounted for 75% of […]
Panama Canal Sets LNG Transite, Tonnage Record
(Panama Canal Authority, 3.Feb.2021) — The Panama Canal set a new monthly record for transits and tonnage of liquefied natural gas (LNG) vessels in January, which shows its capacity to respond to the demand of this segment, as a result of the recent surge in the energy market. In January, […]
Panama Canal LNG Vessel Bottleneck Could Go Months
(Reuters, 14.Jan.2021) — Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said, although the canal’s regulator said it had made changes to speed up transit. The price of liquefied natural gas (LNG) and shipping rates […]
VTTI Announces Acquisition in Panama
(VTTI B.V., 25.Jan.2017) – VTTI B.V., an independent provider of energy storage, announced an acquisition of a 230,000 m3 facility in Panama, resulting in a joint venture between VTTI and Global SLI. This deal sees VTTI take a 75% interest in PetroAmerica Terminal, S.A. (PATSA), a terminal strategically located on […]
AES Awarded Panama’s First Gas-Fired Plant
(AES Corporation, 11.Sep.2015) – AES Corporation announced that its subsidiary, Gas Natural Atlantico S. de R.L., won a competitive bid process conducted by the Electric Transmission Company, SA (ETESA), the state’s electric transmission company, to supply 350 MW of new capacity. The project will include the construction of a 350 […]