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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 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 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


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


MarAd to Hold Conference on Panama Canal Expansion

MarAd is co-sponsoring a conference in Tampa on January 23-24 on Planning for the Panama Canal Expansion. The agenda can be views at Panama Canal Expansion Workshop


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 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)


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  


Today in U.S. Naval History: July 16

USS Missouri in the Panama canal, Miraflores Locks. (U.S. Navy photo)

Today in U.S. Naval History - July 16 1862 - Congress creates rank of Rear Admiral. David G. Farragut is named the first Rear Admiral 1912 - Rear Admiral Bradley Fiske receives patent for torpedo plane or airborne torpedo. 1915 - First Navy ships, battleships Ohio, Missouri


Panama Canal Expansion: Unintended Consequences

Lock gate Panama delivery: Photo courtesy of APC

While airports, ports and GARVEEs are holding steady, according to several new Fitch Ratings reports, increasingly, state and local governments are realizing the benefits of risk transfer, cost certainty and asset preservation through public-private partnerships (P3).


Panama Canal: New Lock Gates Transferred to Atlantic Side

Panama Canal lock gates arrival: Photo courtesy of ACP

ACP informs that the Panama Canal Expansion has reached another important milestone with the transfer of the first gates to the new locks complex in the Atlantic side. "This is a very important operation because it involved the first movement of the gates from the special dock where they


Panama Canal to Celebrate 100 Years

Photo: Panama Canal

To commemorate its centennial, the Panama Canal will host a series of events August 14-15 in Panama City to highlight the impact of the waterway during the past century. On August 14 at 8 a.m., an expansion/Panama Canal tour will be held for guests to view the expansion construction site and


Panama Canal To Charter Post-Panamax Ship for 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


Braemar SA Opens Office in Panama

Richard Grayton

Braemar (incorporating The Salvage Association), a multi-disciplinary Marine Surveying and Technical Consultancy, has announced that it has set up a new office in Panama. “Panama has always been a strategically important location, and of course the expansion of the Panama Canal is set to


Panama Canal Expansion: More Lock Gates Arrive

Rolling gates arrival Panama Canal: Photo ACP

The Panama Canal Authority (ACP) informs that the second shipment of four rolling gates for the Third Set of Locks to the waterway's Atlantic side has arrived from the Port of Trieste, Italy, on board the semi-submersible vessel 'STX Sun Rise'.


2nd Shipment Of Gates Arrive At Panama Canal

Panama Canal Gates arrive

  In another step forward for the Panama Canal Expansion Program, the second shipment of four rolling gates for the Third Set of Locks arrived today from port of Trieste, Italy to the waterway's Atlantic side on board the semi-submersible heavy lift vessel Sun Rise.


Holland America Line Returns to Bermuda

ms Veendam (Photo: Holland America Line)

Holland America Line is returning to the pink sands and pastel-colored skyline of Bermuda on seven-day cruises aboard ms Veendam. Sailing roundtrip from Boston, Mass., six departures will sail in May, June and July, and feature three days and nights at Hamilton


HAL's World Cruise to Span 45 ports, 25 countries, 6 Continents

Holland America Line Cruise

  When ms Amsterdam departs Fort Lauderdale, Fla., Jan. 5, 2015, the cruise will span 114 days and call at 45 ports in 25 countries on six continents. Offering a refined and elegant “home away from home,” Amsterdam guests will enjoy gracious service


Panama Canal Expansion Moving Forward

Photo courtesy of the ACP

After the arrival of the second set of rolling gates, the Panama Canal Expansion keeps moving forward reaching a new milestone at the Pacific side with the pouring of more than two million cubic meters of concrete, the Panama Canal Authority (ACP) reported.


K-Line Welcomes 'Galaxy River'

“K”-Line Welcomes Galaxy River

  Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called "K" Line) announced delivery of "GALAXY RIVER", an 82,200 cbm-type LPG Carrier at Sakaide Shipyard of Kawasaki Shipbuilding Co., Ltd., Japan on June 27, 2014.


Panama Canal Cost Dispute Arbitration to Begin in July

© Canal de Panamá

Arbitration to decide who will bear the Panama Canal expansion project's $1.6 billion cost overrun, a dispute that temporarily halted work earlier this year, will begin in closed-door sessions in Miami later this month, according to lawyers arguing the matter.


Panama Canal Cost Dispute Headed to Miami Court

Photo: Panama Canal Authority

A $180 million claim involving the Panama Canal's disputed $1.6 billion cost overrun is headed to arbitration court in Miami next week, canal officials said on Monday. The $180 million claim by the consortium working on the massive canal expansion project is the first of several disputed


Ship Reportedly Booked for First US Condensate Export

The first condensate cargo for export is due to load in Texas at the end of this week, headed via the Panama Canal to Asia, shipping sources said. Westport Petroleum Inc., the Franklin, Tennessee-based shipping arm of Japanese trader Mitsui & Co






 
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