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PANAMA CANAL

U.S. Sec of Commerce Visits Panama Canal

U. S. Secretary of Commerce Carlos Gutiérrez visited the Panama Canal today as part of an official Panama tour. Panama Canal Authority Administrator/CEO Alberto Alemán Zubieta met Secretary Gutiérrez and the U.S. delegation at the Miraflores Locks, where he explained how the waterway works and provided details on the progress of the Canal's expansion. Expansion will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, which will double capacity and allow more traffic and longer, wider ships.


Panama Canal Reinforces Tug Fleet for Expansion

Photo Courtesy of the Panama Canal

The Panama Canal has increased its tugboat fleet with the arrival of the first two of 14 tugboats that will improve the waterway’s resources to offer a safer and more efficient service to the global shipping industry. These tugboats will strengthen the Canal’s capacity for the operation of the Third Set of Locks. “These new tugboats will allow the Panama Canal to continue offering a world-class service,” Panama Canal Administrator Jorge L. Quiijano said


Panama Canal Prepares Workforce for New Locks

Photo courtesy ACP

As part of the preparations for the expanded Panama Canal, the Board of Inspectors of the Panama Canal Authority (ACP) has certified 12 new tugboat captains after successfully completing training. This is the fourth group of the program which started in 2008 and has certified 47 tugboat captains. This represents 50% of the goal set to meet the demand for the efficient and safe transit of vessels through the new locks of the Panama Canal.


ACP Charters Post-Panamax Ship for Pilot Training

The Panama Canal Authority (ACP) will charter a Post-Panamax vessel before the opening of the expanded Canal to be used for training purposes in the Third Set of Locks. The Executive Vice President of Operations Esteban Saenz reported that the Panama Canal will charter a Post-Panamax ship to train pilots and tugboat captains that will assist in transits through the new lane. Saenz said the vessel will be used several months before the opening of the expanded Canal to test the new locks


Panama Canal, Port Manatee Strategic Alliance

To help spur growth and capitalize on the Panama Canal’s expansion, the Panama Canal Authority (ACP) and Port Manatee embarked on their first-ever strategic alliance. In an official ceremony held in Panama City, Panama, ACP Administrator/CEO Alberto Alemán Zubieta and Port Manatee Executive Director David L. McDonald signed a Memorandum of Understanding (MOU) to boost joint marketing, and encourage the exchange of information and business insight.


ACP Commemorates 13 Years of Local Administration

Panama Canal Administrator Jorge Luis Quijano.

The Panama Canal is celebrating 13 years under Panamanian administration. During this period, the Canal has strengthened its role in international commerce as a result of investment in the modernization of its infrastructure, its expansion and an alliance with its natural surroundings.   “The Panama Canal reaffirms its relevance in international commerce more than ever as a result of the decisions and actions that Panamanians have taken with regard to its management


ACP to Modify Pricing Structure

ACP_Ton_Record_Molene30sep2011.jpg

Panama Canal proposes tolls adjustments and creates new market segments to reflect real value of the route and better serve its customers.New market segments by vessel type are created and consultation period with interested parties begins. The Panama Canal Authority (ACP) Board of Directors approved a proposal to modify the Panama Canal pricing structure to align Canal toll charges with the value the route provides.   New Segments  


Panama Canal Presents Expansion Program to Financial Markets

Continuing to move forward with expansion plans, Panama Canal executives presented the Canal's Expansion Program to international financial institutions yesterday. Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta provided a snapshot of the Republic of Panama, the Canal's operational achievements and increase in capacity through continuous improvements and modernization work. He also outlined the progress made on expansion


PSA Starts Expansion Work on 2m teu Panama Terminal

Image: PSA Panama International Terminal (PPIT)

 Singapore-based port operator PSA Panama International Terminal (PSA Panama) has started a USD 400 million expansion of its container terminal located on the west bank of the Panama Canal Pacific.   It has started on the expansion after being granted approval by the National Assembly, the Panama Canal Authority ACP, the Panama Maritime Authority and the Panamanian State.   The expansion is targeted to be ready for operations before the end of 2016


Panama Canal Authority, Model of D'Artagnan Dredger

Photo courtesy Panama Canal Authority

Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta, joined by DEME Group CEO Alain Bernard, recently unveiled a model of the D'Artagnan dredger during a ceremony at the Panama Canal's Miraflores Visitors' Center.  The D'Artagnan is the most powerful self-propelled heavy duty cutter suction dredger in the world, with its special design for cutting rocks and sand dredging. Owned by Belgian company Dredging International (part of the DEME group)


Hapag-Lloyd Orders 5 Ships for More Panama Canal Trade

Ship container line Hapag-Lloyd has placed an order for five vessels as it looks to bolster trade in Latin America ahead of next year's planned expansion of the Panama Canal, the world's fourth biggest player said on Monday.   Workers are installing 22-storey lock gates to accommodate


U.S. Ports Expands to be with Panama’s $5 Billion Canal Upgrade

Image: Panama Canal Authority

 A report in the USA Today says that the U.S. ports are busy deepening harbors and building bigger terminals to draw the bigger ships. Across the USA, public ports and their private sector partners will spend more than $46 billion in port-related improvements through 2016


Cuban Port Eyes Pact with Panama Canal expansion

A photo of the Mariel Boatlift, 1980. Pic by U. S. Coast Guard

 The Port of Mariel, Cuba, aims to become the best choice transshipment in the region from the Panama Canal expansion.   According to the Mariel terminal sources, "The port has possibility to connect with everyone from the Panama Canal expansion" and its geographical position


Panama Canal Advisory Board Meets in Japan

Members of the Panama Canal Authority (ACP) Board of Directors and Administration returned to Panama after having traveled to Asia for the 24th joint meeting of its Advisory Board.   The delegation met in Japan with the group of distinguished advisers to discuss Canal operations and


CMA CGM Makes Jamaica its Caribbean Hub

Photo: A Gilbert Bellamy

The CMA CGM Group announced that Farid T. Salem, CMA CGM Group Executive Officer, signed on April 7, in Kingston – Jamaica, an agreement with the Port Authority of Jamaica granting the CMA CGM Group the concession of Kingston Container Terminal for 30 years


Norwegian Cancels Cruise Due to Propulsion Problem

Norwegian Star. Pic by Norwegian Cruise Line

 The April 12 Panama Canal sailing of Norwegian Star has been canceled due to a technical issue with the ship's ABB-manufactured azipod propulsion system, according to a statement from Norwegian Cruise Line.    The Norwegian Star was originally scheduled for a 15 night cruise to


Eaton Wins Panama Canal Contract

Eaton power management solutions, engineering services to enhance Panama Canals electrical reliability, energy efficiency and economic viability (Photo: Business Wire)

 Power management company Eaton has been awarded an additional $5.2-million contract to provide critical installation services for the Panama Canal Expansion Program.    Eaton’s contract was awarded by Grupo Unidos por el Canal, SA (GUPC)


Transit Waiting Times for Panama Canal

  Non-booked regular sized vessels wishing to transit the Panama Canal face a wait of approximately 5-6 days. There has been a dramatic increase in the transit backlog as a result of several factors, including heavy arrivals in February/March, averaging 35


Panama Canal Sets Sight on Another Expansion

Photo: Panama Canal Authority

As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion that would allow it to handle the world's biggest ships.   Workers are now installing giant


Expanded Panama Canal to be Operational by April 2016

Panama Canal Expansion (Photo credit: Canal de Panamá)

The widened Panama Canal is expected to finally be up and running in April 2016, after months of delays and cost overruns, AFP reports. The expansion project area will allow bigger ships to transit, with two new sets of locks, one on the Pacific side and one on the Atlantic side.  


JIT Transit Slots Reduced at Panama Canal

   The Panama Canal has experienced an unusual increase in the number of vessels awaiting transit during the past few weeks. Several measures have been implemented to reduce the backlog, such as the suspension of all maintenance work and the addition of locks personnel.  


Panama Canal Case Headed to Arbitration

Picture Credit: Panama Canal Authority.

 The Panama Canal Authority (PCA) and the consortium building a third set of locks for the inter-oceanic waterway said in separate statements that they will take a dispute over cement quality to international arbitration.   The PCA has asked for an international arbitration panel to


Nicaragua Canal: Connects Ocean, Disconnects People

Nicaragua canal (HKND Group)

 The $50 billion Nicaragua Canal scheme promises to bring huge economic benefits to Central America's poorest country. But environmentalists and peasant farmers strongly oppose the project. And many are wary of the Chinese company that is to construct the canal.  


US Treasury Secretary Visits Ellicott Dredges

U.S. Treasury Secretary Jack Lew (L) and Senator Ben Cardin (R) take a tour of Ellicotts facilities in Baltimore (Photo courtesy of Ellicott Dredges)

U.S. Treasury Secretary Jack Lew, together with U.S. Sen. Ben Cardin (D- Md.), visited Ellicott Dredges March 9 at the company’s Baltimore plant for a discussion about U.S. export policies, the U.S. Government financing entity Eximbank and infrastructure investment programs.  


Mitsubishi Bags Fourth LPG Carrier Order from Astomos

LPG carrier built by MHI

 Tokyo-based Astomos Energy Corp has placed an order today with Mitsubishi Heavy Industries (MHI) for a very large liquefied petroleum gas (LPG) carrier.     The 83,000 cu m vessel marks their fourth such order with MHI since 2013






 
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