{"id":3045,"date":"2021-02-11T13:29:42","date_gmt":"2021-02-11T19:29:42","guid":{"rendered":"http:\/\/mayanscargo.com\/?p=3045"},"modified":"2021-02-11T13:33:16","modified_gmt":"2021-02-11T19:33:16","slug":"panama-canal-congestion-generates-delays-and-increases-in-lng-shipments","status":"publish","type":"post","link":"https:\/\/mayanscargo.com\/en\/2021\/02\/11\/panama-canal-congestion-generates-delays-and-increases-in-lng-shipments\/","title":{"rendered":"Panama Canal: Congestion generates delays and increases in LNG shipments"},"content":{"rendered":"\n

Merchant groups warned that the\u00a0congestion problem that the Panama Canal presents<\/strong>\u00a0, and that has generated delays in the shipments of\u00a0liquefied natural gas (LNG)<\/a>\u00a0, through the Central American passage could last until the winter months, period where the greatest demand.<\/p>\n\n\n\n

According to Reuters reports, despite the fact that the\u00a0Panama Canal Authority (ACP) has<\/a>\u00a0stated that changes were made in speed and traffic on the road,\u00a0the price of LNG and shipping rates have reached record levels due to this true “neck bottle ‘<\/strong>\u00a0, where high demand from Asia, and freezing weather have put the power supply system under pressure.<\/p>\n\n\n\n

What’s more, ships carrying LNG from the US to meet Asian demand waited up to two weeks.\u00a0In this regard, ACP announced that the service was reduced by half.\u00a0\u201cWe changed the\u00a0<\/strong>transit reservation system on January 4 to reduce congestion and allow LNG vessels to reserve two spaces between 80 and 15 days before transit\u00a0<\/a>, instead of just one.\u00a0We have also introduced auctions to sell any space that is available within two to three days before transit due to last minute cancellations, “they<\/strong>\u00a0told Reuters.<\/p>\n\n\n\n

Expert insight<\/h2>\n\n\n\n

The\u00a0analysts said they still expect congestion until March<\/strong>\u00a0, when temperatures in the northern hemisphere rise and decrease demand for heating due to shortage of space.<\/p>\n\n\n\n

Ross Wyeno<\/strong>\u00a0, America’s Lead LNG Analyst at\u00a0S&P Global Platts<\/a>\u00a0, commented that\u00a0\u201cCurrently, there are only two avenues available for LNG.\u00a0Ideally, it would take much more than that.\u00a0Traders LNG canceled some tenders due to delays, but there are too many vessels for the three sets of locks that raise and lower vessels that\u00a0<\/strong>carry all kinds of products through the channel\u00a0<\/a>“<\/strong>\u00a0.<\/p>\n\n\n\n

For his part,\u00a0Schreiner Parker<\/strong>\u00a0, vice president for Latin America at\u00a0Rystad Energy<\/a>\u00a0, said that\u00a0\u201c\u00a0<\/strong>high spot prices in Asia are creating a morning rush hour scenario for US LNG producers\u00a0<\/a>, with loads moving in the same address at the same time.\u00a0The rise in prices and demand is the culmination of a deeper trend, as China, India and other Asian nations have bought LNG as part of efforts to diversify from highly polluting coal<\/strong>\u00a0.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Price hike<\/h2>\n\n\n\n

Given this contingency, over the past nine months, LNG spot prices have multiplied by more than tenfold from an all-time low in April of US $ 2 per million British thermal units (mmBtu) to more than US $ 28 per mmBtu<\/strong> . This is because a trip to Asia through the Panama Canal lasts 15 days.<\/p>\n\n\n\n

As an alternative to this problem, US exporters to meet the high demand, are considering shipping shipments through the Cape of Good Hope in South Africa<\/a> . However, this route doubles the travel time to Asia by about 38 days<\/strong> .<\/p>\n","protected":false},"excerpt":{"rendered":"

Merchant groups warned that the\u00a0congestion problem that the Panama Canal presents\u00a0, and that has generated delays in the shipments of\u00a0liquefied natural gas (LNG)\u00a0, through the Central American passage could last until the winter months, period where the greatest demand. According to Reuters reports, despite the fact that the\u00a0Panama Canal Authority (ACP) has\u00a0stated that changes were…<\/p>\n","protected":false},"author":2,"featured_media":3048,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[6],"tags":[],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/mayanscargo.com\/wp-content\/uploads\/2021\/02\/Canal-de-Panama-1.jpg?fit=765%2C550&ssl=1","jetpack-related-posts":[{"id":3125,"url":"https:\/\/mayanscargo.com\/en\/2022\/05\/17\/comunicate\/","url_meta":{"origin":3045,"position":0},"title":"COMUNICATE","date":"Tuesday May 17th, 2022","format":false,"excerpt":"Guatemala May 17 2022 Dear Client. In this way, it is recommended that your request for maritime bookings for exports be made at least 15 days prior to the shipping company\u00b4s cutoff due to the current events of congesti\u00f3n in various international ports,this causing a shortage of containers and spaces\u2026","rel":"","context":"In "News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/mayanscargo.com\/wp-content\/uploads\/2022\/05\/img1-1.png?fit=800%2C420&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1364,"url":"https:\/\/mayanscargo.com\/en\/2015\/12\/03\/design-and-build\/","url_meta":{"origin":3045,"position":1},"title":"[:en]EXPORTS[:es]EXPORTACIONES[:]","date":"Thursday December 3rd, 2015","format":false,"excerpt":"It is the largest revenue generator for the country and that drives our economy, we want to be part of this process by offering our services to all small, medium and large companies to manage their goods from Guatemala to any international destination, we have staff trained in this area\u2026","rel":"","context":"In "Services"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/mayanscargo.com\/wp-content\/uploads\/2015\/12\/img-blog-1-1.jpg?fit=770%2C390&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1367,"url":"https:\/\/mayanscargo.com\/en\/2015\/12\/03\/tranpsorte\/","url_meta":{"origin":3045,"position":2},"title":"[:en]TRANSPORT[:es]TRANSPORTE[:]","date":"Thursday December 3rd, 2015","format":false,"excerpt":"Part of our goal is to provide our customers with efficient and quality service, so we offer a complete package from the movement of its cargo, customs, logistics shipment to final delivery; brid\u00e1ndole service transport their goods quickly and safely covering any destination outside and within the Republic of Guatemala,\u2026","rel":"","context":"In "Services"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/mayanscargo.com\/wp-content\/uploads\/2015\/12\/sv-3.jpg?fit=300%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1622,"url":"https:\/\/mayanscargo.com\/en\/2015\/12\/22\/importaciones\/","url_meta":{"origin":3045,"position":3},"title":"[:en]IMPORTS[:es]IMPORTACIONES[:]","date":"Tuesday December 22nd, 2015","format":false,"excerpt":"A factor of benefit to the country is through importation, we have high experience in handling all kinds of goods from anywhere in the world to Guatemala, with the support of the best airlines, shipping companies and trucking companies, offering competitive rates for their products to be offered in the\u2026","rel":"","context":"In "Services"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/mayanscargo.com\/wp-content\/uploads\/2015\/12\/sv-1.jpg?fit=300%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2627,"url":"https:\/\/mayanscargo.com\/en\/2016\/01\/11\/our-sea-will-shipping-the-big\/","url_meta":{"origin":3045,"position":4},"title":"[:en]Guatemala increased by 29% its exports to Europe[:es](SAT) Realizar\u00e1 la Subasta P\u00fablica de Autom\u00f3viles y Motocicletas. [:]","date":"Monday January 11th, 2016","format":false,"excerpt":"[vc_row][vc_column][vc_column_text] As part of the celebration of Europe Day (May 9), AGEXPORT highlights the benefits of the Association Agreement with Europe, among which is growing by 29% of exports of Guatemalan products to the mainland European further that among its main trading partners are the Netherlands, Italy, Belgium and Germany.\u2026","rel":"","context":"In "Transport"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/mayanscargo.com\/wp-content\/uploads\/2016\/01\/predio.jpg?fit=657%2C519&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2839,"url":"https:\/\/mayanscargo.com\/en\/2015\/12\/03\/otros-servicios\/","url_meta":{"origin":3045,"position":5},"title":"[:en]OTHER SERVICES[:es]OTROS SERVICIOS[:]","date":"Thursday December 3rd, 2015","format":false,"excerpt":"For us it is important that our customers are always aware, we have a Traffic Department responsible for monitoring all our cargo import and export, providing our customers updated status of your merchandise information. \u00a0 Collection of documents when the customer confirms the arrival of their cargo; \u00a0 Analysis and\u2026","rel":"","context":"In "Services"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/mayanscargo.com\/wp-content\/uploads\/2015\/12\/sv-2.jpg?fit=300%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/mayanscargo.com\/en\/wp-json\/wp\/v2\/posts\/3045"}],"collection":[{"href":"https:\/\/mayanscargo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mayanscargo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mayanscargo.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mayanscargo.com\/en\/wp-json\/wp\/v2\/comments?post=3045"}],"version-history":[{"count":2,"href":"https:\/\/mayanscargo.com\/en\/wp-json\/wp\/v2\/posts\/3045\/revisions"}],"predecessor-version":[{"id":3050,"href":"https:\/\/mayanscargo.com\/en\/wp-json\/wp\/v2\/posts\/3045\/revisions\/3050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mayanscargo.com\/en\/wp-json\/wp\/v2\/media\/3048"}],"wp:attachment":[{"href":"https:\/\/mayanscargo.com\/en\/wp-json\/wp\/v2\/media?parent=3045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mayanscargo.com\/en\/wp-json\/wp\/v2\/categories?post=3045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mayanscargo.com\/en\/wp-json\/wp\/v2\/tags?post=3045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}