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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, 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.


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 Celebrates 102 Years

Image: Panama Canal Authority

 The Panama Canal has celebrated 102 years of successful operations and service to the global maritime community, just one day after welcoming its one-hundredth transit through the expanded waterway.     On August 15, 1914, the Panama Canal officially opened for business, during the administration of President Woodrow Wilson. But it was Wilson’s archrival who was the driving force behind the canal.  


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


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  


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


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


First Suezmax Tanker Transits Expanded Panama Canal

Photo: Panama Canal Authority

The first Suezmax crude oil tanker that was slated to go through the newly expanded Panama Canal began its transit on Thursday, a public relations official told Reuters.   The Aegean Unity, a Greece-flagged Suezmax vessel coming from the U.S


China Receives First American LNG Cargo

Apollonia passes through the Panama Canals locks on its way to Asia. Photo: Shell

 The first cargo of US liquefied natural gas (LNG) to target the world’s largest energy consumer arrived Monday at the Chinese port of Yantian in Shenzhen near Hong Kong.   The cargo was brought onboard the 161,870-cbm Maran Gas Apollonia


Big Tankers' Need for Retrofit Slows Use of New Panama Canal

Photo: Panama Canal Authority

The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected because many ships must first undergo inconvenient retrofits to transit through the new locks, shipping industry experts said.  


Extreme Boat Lifts Installed in the Panama Canal

Photo: Golden Boat Lifts

When the Republic of Panama needed lifts for a pair of its service boats, it turned to Golden Boat Lifts for the supply of two custom-designed 7,000 lb. capacity Golden Elevator Lifts for use in the Panama Canal.   According to Golden Boat Lifts


Panama Canal Launches Green Award System

Photo: Panama Canal Authority.

 The Panama Canal has launched the Green Connection Award, a new initiative to recognize customers who demonstrate excellent environmental stewardship, and to encourage others to implement technologies and standards to help reduce greenhouse gas emissions.  


First LNG Vessel Transits Expanded Panama Canal

Shell-chartered LNG carrier Maran Gas Apollonia transiting the Expanded Panama Canal’s Agua Clara Locks

Today, the Panama Canal marked another milestone with the transit of the first-ever liquefied natural gas (LNG) carrier through its expanded locks.   Shell-chartered Maran Gas Apollonia—measuring 289 meters in length and 45 meters in beam—arrived Monday from the Sabine Pass LNG


Ship Hits Panama Canal

Image: Panama Canal authority

 The Panama Canal authority  (ACP) says a Chinese container ship’s damaging scrape with the canal’s new wider locks was caused by bad weather, Reuter quotes  ACP's  administrator, Jorge Quijano.    He said that the only problem in the last month involved


Panama Canal: Assessing the Risk & Reward

COSCO SHIPPING: Panama makes the first commercial transit of a Neopanamax through the Expanded Panama Canal. (Photo courtesy of the Panama Canal Authority)

The Panama Canal’s impact on shipping routes and vessel sizes since it opened in 1914 is undisputed. This will continue with the opening of a third channel for larger vessels in 2016. This briefing examines the risk management impact of this expansion on the maritime industry.  


First US LNG Shipment Goes to China

Maran Gas Apollonia transiting the Expanded Panama Canals Cocoli Locks (Photo: Panama Canal Authority)

The first liquefied natural gas vessel from the lower 48 U.S. states is on its way to China, according to a Reuters interactive map on Friday, the latest sign that the expanded Panama Canal is allowing U.S. exports to reach the world's top LNG buyers in Asia.  


Maiden Call of the Hyundai Saturn to New York

Photo: GCT Global Container Terminals Inc

 As the leader of customer-focused terminal operations in North America, GCT USA has welcomed the Hyundai Saturn to GCT Bayonne.    The Saturn is the first of five Hyundai ships in the G6's New York Express (NYX) service calling the port of New York and New Jersey through the


Maersk Reroutes Asia - US Service Via Panama

Map: Maersk Line

 Maersk Line will transform its TP12 service in to a standalone, around-the-world service that provides significantly faster transit times between Far East Asia and the US East Coast.   From the Far East to the US East Coast the TP12 service will transit the new Panama Canal locks and


Over 60 Vessels Transit Expanded Panama Canal

Photo Panama Canal Authority

The Expanded Panama Canal has transited 69 Neopanamax vessels since the Inauguration on June 26, 2016. Specifically, 40 containerships, 24 liquefied petroleum gas (LPG) carriers, three vehicle carriers and two liquefied natural gas (LNG) carriers have transited the Expanded Canal


South Carolina is Getting Big-ship Ready

SCPA celebrated the arrival of two new super post-Panamax cranes in the Charleston Harbor on Friday. (Photo: SCPA)

The delivery of two super post-Panamax cranes at South Carolina Ports Authority (SCPA) on Friday marked another step in the port’s push for big ship readiness, to be followed in the coming years by the completion of the Wando Welch wharf project and harbor deepening to 52 feet. 


Hueneme Welcomes Its First Post-Panamax Ship

(Photo: Port of Hueneme)

Port of Hueneme’s first Post-Panamax ship was greeted by Wallenius Wilhelmsen Lines (WWL) company leaders and Port officials during an occasion marking a paradigm shift in how the widened Panama Canal will bring a new class of vessels to the Port of Hueneme.  


APL Launches Island Bridge Express Service

IBX – Island Bridge Express  Image APL

APL today announced the launch of a new weekly feeder service – the Island Bridge Express (IBX) Service. Via connecting APL services at the Caribbean transshipment hub of Kingston, Jamaica, IBX will enable cargo movements between the Caribbean and Asia.  






 
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