On August 15, the Panama Canal will celebrated 96 years of safe, reliable and efficient service to global trade. The SS Ancon officially inaugurated the waterway on its first transit August 15, 1914. Today, the Canal continues as a viable global transportation and logistics leader, connecting more than 144 different trade routes and uniting the world. As the historic $5.25b Expansion Program continues as planned, the Panama Canal Authority looks optimistically forward to the future and remains committed to providing top-notch service for years to come.
The Panama Canal has received Cerro Ancon, the last of the 14 tractor tugs of its new fleet. These new tugboats will allow the Canal to offer a more efficient service to the global shipping industry and strengthen the waterway's capacity for the operation of the Third Set of Locks. The tugboats have been gradually arriving to Panama from Spain since June 2013. Astilleros Armon, S.A., a Spanish ship-building company, was awarded the contract in September 2011
The Panama Canal celebrates today a century of operations connecting the world, committed to completing its Expansion, the largest infrastructure project of the waterway since its opening. "Going forward, the Panama Canal will continue to connect the world, supported by all the modernization efforts since its construction,” said Panama Canal Administrator Jorge L. Quijano. “The Expansion will change trade patterns just as the Canal opening did a century ago.”
Inchcape Shipping Services (ISS) has fully acquired Fawley-based agency Furness Marine Services Ltd (FMS), the second major acquisition it has completed in 2004. ISS is now 12 months into its two-year plan to double the size of its business through organic growth and strategic acquisitions. Following last month’s acquisition of the Ancon depot facility in the Port of Antwerp and several mergers and acquisitions completed in 2003
Dubbed "The Greatest Engineering Wonder of the World," the Panama Canal has experienced a whirlwind run since President Woodrow Wilson flicked a switch of the first gushes of water to flow through the 51-mile body of water that is arguably the most important shipping channel in world. It was 1914 and it was as though Central America and Europe — situated at opposite sides of the Atlantic — were worlds apart. For it was in the Central American country of Panama where workers from many