Maritime NXT’s Punit Oza argues that west coast loadings are ‘critical’ for the country. Canadian oil exporters have been “smart” to get the new Trans Mountain Expansion (TMX) pipeline up and running.
“This infrastructure will also bypass the Panama Canal completely,” Oza told Alibra Shipping.
Maritime NXT’s Punit Oza argues that west coast loadings are ‘critical’ for the country
Canadian oil exporters have been “smart” to get the new Trans Mountain Expansion (TMX) pipeline up and running.
In an interview with UK shipbroker Alibra Shipping that was shared with TradeWinds, Punit Oza, founder of consultancy Maritime NXT, said the east coast outlet will move loadings nearer to key Asian customers.
“This infrastructure will also bypass the Panama Canal completely,” Oza told Alibra Shipping.
Oza also said Canada has received commitments from “all the major oil companies” to use TMX, instead of shipping cargoes from the east coast.
“Interestingly, while the usual suspects are there, that is the Canadian and the US oil companies, there are a few Asian companies too — an example being PetroChina Canada,” he added.
Oza highlighted one potential issue: the weather, which he said is getting worse due to global warming.
By Gary Dixon (London)
(Originally published at Tradewindsnews.com – 31 May 2024)
