Panama Canal Expansion Good for Japan’s LNG Imports

The Panama Canal Expansion will open new possibilities for the shipments of liquefied natural gas (LNG) through the waterway, enabling Japan to import LNG from the U.S. Gulf Coast, it was said during a meeting of Panama Canal delegation and Japanese shipping industry representatives.

A Panama Canal delegation headed by Administrator Jorge L. Quijano visited Japan to hold discussions with the Japan Shipowners’ Association (JSA) and the major Japanese shipping lines, as well as end customers such as Japanese car manufacturers and energy sector companies.

The Panama Canal held meetings with stakeholders in the LNG sector such as Astomos Energy Corporation, Tokyo Gas and Japan Coal Development Co. Ltd. (JCD).

“It is important to maintain close contact with our customers,” Quijano said, adding that the Canal Authority plans to visit US and European customers next year.

“The Panama Canal strives to have face-to-face meetings with our customer base,” Quijano said. “We aim to be more accessible to our clients, to understand their needs and implement systems that support the service we offer.”

Japan is among the top five user nations of the Panama Canal, as a major importer of grains from the US Gulf Coast and exporter of vehicles to the North American consumer market.

Japan’s top three shipping lines: Nippon Yusen Kaisha Line (NYK), Mitsui O.S.K. Lines (MOL) and Kawasaki Kisen Kaisha Line (K-Line) rank among the top 20 customers of the waterway.

The delegation also had the opportunity to meet with the Japan Bank for International Cooperation (JBIC) to discuss the progress of the Expansion Program. JBIC is one of the five multilateral institutions providing financing for the expansion.

Press Release

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >