Panama Canal drops LNG transit restrictions

first_imgThe Panama Canal Authority plans to lift its self-imposed daylight and encounter restrictions on LNG vessels as it gears up for the rising LNG transit need. The changes will come into effect on October 1, 2018, deputy administrator Manuel E. Benitez said at a conference in Washington.“Lifting daylight restrictions means LNG vessels will be able to transit the locks at night, as vessels in other segments currently do,” Benitez said.“Lifting encounter restrictions means LNG vessels will be able to navigate Gatun Lake at the same time, allowing two different LNG vessels to transit the Canal the same day in two different directions,” he added, noting that together, these changes will provide more flexibility and time during the day to transit LNG vessels, and result in an opportunity for LNG shippers to compete for a second booking slot.Currently, with these restrictions in place, the Panama Canal provides one dedicated reservation slot to LNG carriers per day. This equates to seven dedicated LNG booking slots per week. This is more than the current demand from LNG shippers, who average 5.5 transits per week, a statement by the Panama Canal Authority said.In addition to the one dedicated slot, the Canal frequently works with customers to transit vessels that arrive without a prior reservation, so long as the day’s vessel mix allows.The waterway has regularly transited two LNG vessels the same direction in the same day and is capable of transiting up to three vessels the same day in the same direction during periods of uncharacteristically high demand.“In addition to the one reservation it guarantees each day, the Canal will soon offer LNG shippers, for the first time, the opportunity to compete among our wider vessel segments to book a second daily slot,” Silvia de Marucci, executive manager, economic analysis and market research division said.The opportunity to compete for this new, second slot has never been available to LNG shippers before. And it will be offered on top of the Canal’s continued efforts to transit LNG vessels that arrive early for their reservations or without one altogether.Over the past two years, the waterway has welcomed a total of 372 LNG transits. All LNG vessels that arrived with reservations were transited on time, except for one which arrived late. Of the 35 that arrived without a reservation, the Canal transited 30 of these ships the same day, and the remaining five transited with a limited wait. Today, there is currently no wait for LNG vessels to transit the waterway, the statement reads.The canal’s decision to lift these restrictions comes at an opportune time in the market. According to the canal, LNG transits at the waterway are expected to grow by more than 50 percent by the end of FY 2018 compared to FY 2017.last_img read more

IMCA Empire State Series finale is Friday at Five Mile Point

first_imgKIRKWOOD, N.Y. (Oct. 8) – Eddie Sites takes aim at a career third title and his fourth tour victory of the season when the Empire State Series for Xtreme Motor Sports IMCA Modifieds travels to Five Mile Point Speedway this Friday, Oct. 9.Sites was the feature winner when the tour opened at Kirkwood in April and later added checkers at Black Rock Speedway and Skyline Raceway. Also the series champion in 2011 and 2012, he’s got the edge over Matt Cole going into the $400 to win, minimum $100 to start finale tomorrow night.There is no entry fee and the feature distance is 20 laps. Pit passes are $30.Pit gates open at 4 p.m. and the grandstand opens at 4:45 p.m. Racing follows 6 p.m. hot laps.More information is available at the www.5milepointspeedway.com website and on Facebook.Empire State Series top 20 point standings – 1. Eddie Sites, Monroeton, Pa., 303; 2. Matt Cole, Vestal, 267; 3. Brad Sites, Monroeton, Pa., 244; 4. Jason Benjamin, Towanda, Pa., 239; 5. Keith Lamphere, Monroeton, Pa., 238; 6. Will Ward, Cobleskill, 231; 7. Gary Roberts, Afton, 218; 8. Tyler Stoddard, Binghamton, 214; 9. Brad Smith, Columbia Cross Roads, Pa., 205; 10. Chris Fleming, Union Springs, 202; 11. Michael Stoddard, Binghamton, 179; 12. Billy Ward, Cobleskill, 151; 13. Rodney Morgan, Troy, Pa., 145; 14. James Cornell, Port Crane, 131; 15. Gary Smith, Harpursville, 127; 16. Rich Karlnoski, Dundee, 123; 17. Robert Maynard, Towanda, Pa., 109; 18. Harry Ely Jr., Wyalusing, Pa., 106; 19. Kurt Decker, Nineveh, 94; 20. Jeffrey Cardinale, Syracuse, 78.last_img read more

CHAN Revelation, Eze, Junior Ajayi Confirm Invites for Eagles’ Friendlies

first_imgAccording to Owngoalnigeria.com, the newly signed on Lokomotiv Plovdiv of Bulgaria defender, Eze, confirmed his invitation via the letter sent to his new club by the national team coach late last month.The defender who was outstanding for Nigeria at the CHAN in Morocco where Eagles finished as runners-up, won the coach over owing to his display at the tournament despite Nigeria losing to host Morocco 4-0 in the final.His Bulgarian club confirmed the invitation of the over six feet tall defender on their website and it was the first time the player will get a chance to be with the established senior players in the national team.While the Al-Ahly forward, Junior Ajayi posted his appreciation to coach Rohr over his call up on his twitter handle. The former junior international expressed his willingness to fight for a spot in the team.“With grateful heart and total respect to the family of @NGSuperEagles and all #Nigerians, this invitation to our National Team is a dream come true. I will make you all proud by the grace of God,” he twitted on his official handle yesterday.In the build up to the World Cup, Super Eagles will play against Poland in Wroclaw on Friday, 23rd March while the game with Serbia is for The Hive in London on Tuesday, 27th March 2018.The team will rap up its build up with the high-profile friendly against England at the Wembley Stadium in London few days to the kick off of the tournament in Russia.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Femi Solaja with agency reportHome-based Eagles defender to the last African Nations Championship (CHAN) in Morocco last month, Stephen Eze, has earned an invite to the heart of the defence of the senior national team ahead of the international friendlies.Aside Eze, Al-Ahly forward Junior Ajayi is also in the plan of Franco-German tactician, Gernot Rohr, for the build up matches and their performances could also earn the duo the chance to be at the World Cup in Russia this summer.last_img read more