Tag: Panama Canal Expansion

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Panama Canal endorses sustainability across the shifting industry

The United Nations Conference on Trade and Development (UNCTAD) published its Review of Maritime Transport 2019 earlier in the year, addressing the shifting landscape and range of challenges, further highlighting the rising concern of climate change. Thus, as the Panama Canal underlines, climate change adaptation and mitigation have become urgent priorities across the maritime industry, leading to changes such as the IMO 2020 regulation or rise of climate-conscious shipping finance portfolios around the world.

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Watch: First Q-Flex LNG Tanker to transit Panama Canal

The Panama Canal informed that on May 12 it welcomed Qatargas’ Al Safliya, the first Q-Flex and the largest liquefied natural gas (LNG) tanker to ever transit the waterway. The tanker features 315 meters in length and 50 meters in beam, having an overall cargo capacity of 210,000 meters3 of LNG. The milestone transit also highlighted the Canal’s environmental benefits because of its ability to help vessels reduce the distance and duration of their trips.

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