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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.


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


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


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  


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: Expansion and Impact

Photo: Canal de Panamá

 Panama Canal expansion opens June 26 amid much fanfare and one of the worst shipping industry slumps ever.    WSJ says, while it won’t do anything to help the dire state of the industry near-term, the changes are critical to Western trade in the long run.  


Panama Canal Conducts Trial Through Expanded Cocoli Locks

ACP Owned crane ship Oceanus successfully transits the new Pacific facing Cocoli Locks on Monday Photo ACP

Today, the Panama Canal conducted another successful trial transit in the Expanded Canal. The transiting vessel, a U.S.-built crane ship named the Oceanus, was maneuvered through the Pacific-facing Cocoli Locks by Panama Canal Pilots Fernando Jaén and Ricardo Varela.   


Expanded Panama Canal Nears Inauguration

Graphics: Panama Canal Authority

 As the global shipping industry facing tough weather, the $5.25 billion expansion of the Panama canal is set to open Sunday (June 26), reports AP. The deeper, wider channel is designed to accommodate the world’s growing fleet of mega cargo ships and expanding trade between North


Countdown Begins for Expanded Panama Canal opening

Courtesy PCA

History will be made in Panama on Sunday, June 26, when the first-ever Expanded Panama Canal is inaugurated. The COSCO Shipping Panama will transit through the new locks on this significant day, with the world as its audience.   The Panama Canal Expansion project is the largest construction


Tulsa Port of Catoosa Completes $11 Mln Dock Renovation

Photo: Tulsa Port of Catoosa

Tulsa primed to expand shipping capacity as Panama Canal nears completion   After more than two years of phased construction, officials at the Tulsa Port of Catoosa formally dedicated their nearly $12 million dock renovation project Tuesday.  


Deployment: The Transpacific Trade Steps Up To The Plate

Graph: Clarksons Research

 In 2015, it was the Asia-Europe route which was the focus of changing deployment trends, says Clarksons Research.   This year, it is the Transpacific trade which looks poised to drive key changes in containership deployment, with the expansion of the Panama Canal due to open in late


Steady as She Goes

Table: Drewry Shipping Consultants

 Ahead of the Panama Canal expansion two alliances have announced they will upsize some of their ships on the Asia-US East Coast route. How quickly will the others follow? Drewry Maritime Research takes a look:   The 9,400-teu Cosco containership Andronikos will make the first transit


Panama to Transform its Role with Canal Expansion

Photo: Knowledge@Wharton, The Wharton School

 Knowledge@Wharton, the Wharton School of the University of Pennsylvania journal, says that the transformation Panama Canal expansion project will bring to Panama’s domestic economy and society have been largely overshadowed by the historic expansion.  


Damen Delivers Two Tugs to SAAM

Photo: Damen Shipyards

SAAM S.A., a  towage company with operations across South, Central and North America, has taken delivery of two ASD Tugs 2411 from the Damen Shipyards Group. These compact yet powerful vessels deliver over 70 tonnes of bollard pull and are exceptionally manoeuvrable and reliable.


Panama Canal’s Third Set of Locks Complete

The Panama Canal Authority (ACP) was informed by its contractor Grupo Unidos por el Canal, S.A. (GUPC) on Wednesday, June 1 that the Third Set of Locks have officially passed all performance tests and are now functionally completed to allow a safe


Panama Canal Ends Depth Restrictions

Photo: Panama Canal Authority

 Panama Canal Authority said it has lifted restrictions on the depth of ships passing through that had been imposed since April because of low water levels caused by severe drought, says a report in AP.   On April 18, Panama Canal started imposing restrictions on the depth of ships


Panama Canal Expansion: Test Runs Begin

Photo: Panama Canal Authority

Initial test runs through the expanded Panama Canal began Thursday as tugs led a bulk carrier into the first set of locks on the Atlantic side of the canal, AP reports.   Chartered to perform the test operation is the 836-foot-long bulker Baroque


COSCO's Vessel Departs Greece for Inaugural Transit through Extended Panama

Departing Greek Port of Piraeus today, COSCO Shipping Panama will make the inaugural transit of Expanded Panama Canal on Sunday, June 26 Photo COSCO

The container vessel COSCO Shipping Panama set sail from the Greek Port of Piraeus today on its way to Panama to make history. The Neopanamax vessel will make the inaugural transit of the Expanded Panama Canal on Sunday, June 26, after a 14-day journey.  


Demolition: A Spring Clean For The Fleet?

Graph: Clarksons Research

 As summer approaches in the northern hemisphere, scrapping activity has been continuing at a firm pace, and appears set to come close to record levels in full year 2016, accroding to a report by Clarksons Research.   With earnings suffering in the bulkcarrier and containership sectors


UKHO to Release Digital Charts for Expanded Panama Canal

Photo: UKHO

The United Kingdom Hydrographic Office is to release five new Electronic Navigational Charts (ENCs) for the expanded Panama Canal.   The new ENCS are produced by the Panama Canal Authority (PCA) and provide end-to-end coverage of the Canal at a scale of 1:10 000.  






 
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