Page 31: of Maritime Reporter Magazine (October 2019)

HISTORY THE PANAMA CANAL early 2016. By 2019, multiple export travelling in ballast…” typically after (which began in late 2015); these move shipping, has the potential to bring about facilities had already come online, with discharging on the U.S. West Coast and on Very Large Crude Carriers (VLCCs), a backslide in the East Coast’s traf- additional LNG trains to follow. U.S. moving towards Caribbean load ports. like the big ore carriers, they are far too ? c gains. Joshua Hurwitz, Senior Con-

Department of Energy data reveals ex- The Canal has not been a factor in the big for the Canal. sultant at port designer ? rm Moffaft & ports of 840 cargoes through June 2019, burgeoning U.S. crude oil export trades IMO2020, impacting all aspects of Nichol has made the case that increased with top recipients including South Ko- rea (#1, with 144 cargos), Japan (#3 with 74 cargos), China (#4 with 65 cargos) and Chile (#5 with 46 cargos). When smaller off-takers are considered, more than 40% of U.S. LNG export liftings were to Paci? c Rim receivers.

The new locks have had little impact on conventional dry bulk and tanker trades. On the dry side, larger Capesize vessels, laden with Brazilian ore, are too deep to transit the Canal. Brokers at

Poten & Partners, writing in a mid-2018

Tanker Opinion piece (two years after the expansion), said that “So far, crude oil tankers make up only 3% of the to- tal transits.” Many of these have move- ments have been repositioning voyages, as Poten explained that “… more than half of the transits were for oil tankers

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