I was trying to do ether-channel at layer 2, on the gigE interfaces and "The Gigabit Ethernet interfaces on the MPS-14/2 module do not support EtherChannel." What worked on these blades was make two ip connections, one on each of the two gigE interfaces. Then I constructed two FCIP links, one associated with the each of the two ip links. The I was able to use port-channel to combine the two FCIP links. Thanks to the cisco support folks.