Seaspan and AES Sign MOU for LNG Bunkering in Panama

AES and shipowner Seaspan have entered into a partnership to provide LNG bunkering services to shipping vessels in the Panama Canal and other regional markets. AES is expanding its Costa Norte LNG terminal in Panama, which will include new LNG refuelling infrastructure on LNG carriers. The terminal is set to start operations in November 2023 and will be able to supply LNG for bunkering or regional distribution. Seaspan will provide its LNG bunker vessels to the terminal, allowing them to offer LNG marine fuelling from the second half of 2024. The facility will also offer temporary storage and reloading using Costa Norte’s storage tank.

This collaboration between AES and Seaspan is a significant development for the regional LNG industry. By providing LNG bunkering services to shipping vessels in the Panama Canal and exploring similar opportunities in regional markets, the partnership aims to drive sustainable energy solutions in the maritime industry. AES is expanding its Costa Norte LNG terminal in Panama, which will include new LNG refuelling infrastructure on LNG carriers. The terminal is scheduled to start operations in November 2023 and will be able to supply LNG for bunkering or regional distribution. Seaspan will provide its LNG bunker vessels to the terminal, enabling them to offer LNG marine fuelling from the second half of 2024. The facility will also offer temporary storage and reloading using Costa Norte’s storage tank.

This collaboration positions AES and Seaspan as leaders in driving sustainable, efficient, and affordable solutions to meet the growing demands of the market. The partnership will contribute to the adoption of LNG as a cleaner fuel in the maritime industry, reducing emissions and promoting environmental sustainability. With the expansion of the Costa Norte LNG terminal and the availability of LNG bunkering services, shipping vessels transiting the Panama Canal and operating in regional markets will have access to a reliable and environmentally friendly fuel source. The collaboration between AES and Seaspan demonstrates the commitment of both companies to supporting the transition towards a more sustainable and greener maritime industry.

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