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Trans Mountain executive says ships will be able load more TMX by the early 2027.

Trans Mountain, the Canadian pipeline operator, expects the dredging work at the Vancouver port to be finished by the end of 2026, or in early 2027. This will allow ships load more oil, according to a senior executive on Monday.

Jennifer Pierce, Chief Administrative Officer of Trans Mountain, said this at the APPEC Conference in Singapore.

When this dredging project is finished at the end or beginning of 2027 (end of '26), an Aframax could move out of the dock with 100% of its cargo. This will boost our shippers' competitiveness.

Aframax tanks can transport up to 800 000 barrels. However, at Westridge Marine Terminal, they are only able to load around 550,000 barrels due to draft restrictions.

Trans Mountain operates the newly expanded 890,000-barrel-per-day pipeline, which has been operating at approximately 85% capacity in the second quarter. (Reporting and editing by Florence Tan, Siyi Liu)

(source: Reuters)