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Mon 22 Aug 2016, 09:52 GMT

First oil tanker transit of new Panama Canal


The MT Aegean Unity is the first crude oil tanker to transit the new locks of the expanded canal.

The MT Aegean Unity, a Suezmax tanker built in 2016, has completed a transit of the Panama Canal. The vessel, which is under the commercial management of Mjolner Shipping, is the first crude oil tanker to transit the new locks in the expanded canal.

In a statement, Kevin Wise, president and CEO of Mjolner Shipping, said: "Working with trading partners Core Petroleum and Statoil, the vessel's technical managers, and the Canal authorities, our team expertly planned the first of what is expected to be many transits of the new locks for our fleet.

"As oil majors and traders make sense of the opportunities that the expanded canal can bring we expect to see more demand to move crude oil cargoes in both directions."

Mjolner Shipping is a commercial manager of oil tanker vessels. Its current fleet numbers 15 crude oil vessels, ranging in size from Panamax (75,000 metric tons deadweight) to VLCC (300,000 metric tons deadweight). The vessels trade world-wide, carrying cargo for oil majors and traders, with a focus on the Americas. Mjolner is based in Jersey City, United States.

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