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Panama Canal Sets New Tonnage Record

Panama Canal Authority Administrator/CEO Jorge Luis Quijano.

The Panama Canal set a mark in its history as it reached a new tonnage record of 333.7 million Panama Canal tons (PC/UMS) during fiscal year 2012 which concluded on September 30.  This achievement highlights the value of Panama and its significance as a link in the chain of global trade.   "This milestone attests to the reliable and continuous service offered by the Canal, which is supported by a workforce of 10,000 men and women. The Panama Canal works tirelessly to provide its customers with first-rate service, including new products and services in response to their evolving shipping and maritime needs," said Panama Canal Authority Administrator/CEO Jorge Luis Quijano.   Preliminary figures showed that the Panama Canal closed fiscal year 2012 with 333.7 million Panama Canal tons (PC/UMS).  This figure represents an increase of 11.6 million Panama Canal tons or 3.6% compared to the 322.1 million tons registered last year, and also surpasses the previous 2007 record of 312.9 million tons.  (Under PC/UMS, a mathematical formula is applied to the vessel´s total volume or cargo carrying capacity).   PC/UMS tonnage during the most recent fiscal years of the Panama Canal:     FY PC/UMS (in millions):   2002 235.1 2003 242.7 2004 266.9 2005 279.3 2006 297.8 2007 312.9 2008 309.6 2009 299.1 2010 300.8


America’s First Marine Highway Comes Back to Life

pg40 image.jpg

The New York State Canal System, once forgotten as a commercial shipping option, is on the rise again, after years of decline. The shorter, greener and smarter route(s) make increasingly good sense for high value cargoes. Commercial utilization of America’s original superhighway – the Erie Canal – is on the rise again in recent years after years of decline. The third generation of the famed Erie Canal – the “Barge Canal” was constructed between 1905 and 1918


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 Board Approves New Port Plans

Photo: Panama Canal Authority

State-of-the-art facility in Corozal receives green light from canal’s board of directors   The Panama Canal board of directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the canal’s entrance to the Pacific. The project is now awaiting the final step for approval from Panama’s


Egypt Bullish on New Suez Canal expansion

Pic by Suez Canal Authority

 The Egyptian government is pressing ahead with the first major expansion of the canal in almost 150 years, to allow ships to pass north and south concurrently, reports Telegraph.   The Suez Canal Area Development and the Second Suez Canal Projects are the most important drivers of economic recovery in Egypt and mark a turning point for a country that has been marred by continuing instability.   The project – which has been underwritten by Egyptians subscribing to


Egypt on a War Footing to Expand Suez Canal

Image by Suez Canal Authority

 The Suez Canal Authority is in a race to quickly expand the vital waterway for two-way traffic by August 2015, says an Associate Press report. Workers dig round the clock on Suez Canal expansion, hoping for surge in East-West trade.   President Abdel-Fattah el-Sissi has made the project a point of nationalist glory, not to mention a cornerstone of plans to revive the economy.    But while shippers say more ships may be drawn by shorter waiting times


Panama Canal To Be Run As Business After Handover

The Panama Canal will be run as a competitive business for the benefit of the Panamanian people after it reverts to national control at year's end, the waterway's administrator said. "The Canal was run before on a break-even concept, like a public utility," Panama Canal Commission (PCC) administrator Alberto Aleman Zubieta told a lunch for members of the American Chamber of Commerce. "But it will be run on the corporate concept of profitability ... for the 2


Panamanians Vote Yes for Canal Expansion

The voting began on Sunday morning, where the enthusiasm and energy was apparent as each voter played their part in this historic event that determined the direction and future of the Canal and Panama. By law, expansion, or the “third set of locks project,” must be put to a vote in a popular referendum. The Panama Canal Authority (ACP) presented its formal proposal to the Panamanian government in April. In the end, 78 percent voted for expansion, as of 9:30 p.m. EDT.


200 Years of Erie Canal History

April 2011 marks the 200th anniversary of the key decisions for the construction of the Erie Canal, a monumental public works project that transformed the economy of New York State.   Two centuries ago, on April 8, 1811, the state Legislature approved a measure that set into motion the construction of the Erie Canal. This followed the delivery of a report on March 2, 2011 of a report by the original Commission.  


Temporary Suspension of 2nd Southbound Convoy

  Effective from today, the entry of the second southbound convoy into the Suez Canal has been suspended until completion of cleansing and dredging work in the new Canal area. All southbound vessels are able to transit the Canal within the limit time designated for the first southbound convoy. The first southbound convoy commences daily on at 0100 hours local time, with a limit time of arrival 1900 hours on the previous day.


HKND Awards Contract for Survey for Nicaraguan Canal

Signing ceremony between HKND Group and CSA Global from Australia. Photograph: HKND Group

 HKND Group, concessionaire of the Nicaragua Interoceanic Grand Canal project, signed an agreement with international geological and resource consultancy CSA Global of Australia in the headquarters of HKND Group in Hong Kong, entrusting CSA Global to conduct an aerial geological survey of the


Grounded Vessel Creates Delays in the Suez Canal

Southbound vessel grounded in Suez Canal causes delays and tailbacks   A southbound vessel ran aground in the Suex Canal at 1430 local time today at KM 101, causing delays and tailbacks, advises Inchcape Shipping Services (ISS).  


North Korean Black-listed Ships in Russia

Image: Convenient Flags

 North Korean vessels owned by Ocean Maritime Management (OMM) have been seen using Russian ports, says the NK News vessel tracker.   OMM was sanctioned for its involvement in smuggling weapons through the Panama Canal in 2013.  


Panama Canal Suspends Draft Restriction

Photo: ACP

The Panama Canal Authority (ACP) has lifted scheduled vessel draft restrictions brought on by lingering draught conditions in the region.   The ACP had previously set restrictions of 11.89 meters Tropical Fresh Water (TFW) to take effect September 8 due to the effects of an El


Panama Canal to Limit Cargo on Bigger Ships amid El Nino Drought

Image: Panama Canal Authority

 The Panama Canal Authority said that next month it will temporarily limit the amount of cargo for larger ships using the waterway because drought has lowered water levels in Gatun and Alhajuela lakes, reports AP.   Earlier there were reports that the size of ships will be temporarily


China to Dig the Nicaragua Canal With a Change in Layout

Map Credit:  NPR

 The $50 billion project of Hong Kong development company HKND to build an artificial waterway across Nicaragua to go ahead with some modification of the route of the canal to avoid affecting ecological zones and farming communities opposed to the project.  


Strike Likely at Panama Canal's 3rd Set of locks Project

Panama Canal Expansion

  The Panama Canal Authority (ACP) has learned of the National Union of Workers of Construction and Similar Industries (SUNTRACS) notice to strike issued to Grupo Unidos por el Canal (GUPC). GUPC is the main contractor for the Canal's third set of locks project


Workers Strike in Panama Canal Locks Project

The Panama Canal Authority (ACP) issued a press release stating it has learned of a National Union of Workers of Construction and Similar Industries (SUNTRACS) notice to strike issued to Grupo Unidos por el Canal (GUPC), the main contractor for the Canal's third set of locks project


Special Economic Zone Around New Suez Canal

Photo: Suez Canal Area Development Project

 Egyptian President Abdel Fattah el-Sisi issued a decree establishing an economic zone for Egypt’s Suez Canal, reports Reuters.   The decree establishes a 460-square-kilometer economic zone around the canal the government says will be used to develop an international industrial


Strike Call Lifted on Panama Canal Expansion Work

Panama Canal Expansion

  The Panama Canal Authority (ACP) expressed its satisfaction after the main contractor for the Third Set of Locks Project, Grupo Unidos por el Canal (GUPC), and the National Union of Workers of Construction and Similar Industries (SUNTRACS) reached an agreement which supersedes the strike


Drought Causes Draft Restrictions in the Panama Canal

Photo: ACP

Draught conditions have led the Panama Canal Authority (ACP) to set draft restrictions for vessels operating in the canal.   ACP described the restriction as temporary and preventive measure due to the El Niño climate phenomenon resulting in periodic warming of the tropical Pacific


Transit Cancellation Charges at Suez Canal

Suez Canal

  The Suez Canal Authority has announced that following the completion of the latest development phase, the rules of navigation edition August 2015 are in effect since 13 August. Booked transits may be cancelled or altered by notice to the Suez Canal Authority offices at least 12 hours


Vietnam to Build Seaport Eyeing Kra Canal

Map by Mekong Delta Group

 A report in the Straits Times Vietnam is set to build a US$2.5 billion seaport in Ca Mau, its southernmost province, hoping to steal some spotlight away from the more popular regional hubs Singapore and Malaysia and could be a clue to Kra Canal.  


Port of Rotterdam Installing New Buoys and Dolphins

Photo: Port of Rotterdam Authority

Port of Rotterdam Authority invests €32 million in buoys and dolphins   Work toward the expansion and replacement of buoy berths and dolphin configurations in the Port of Rotterdam’s Caland Canal and the Botlek is underway, with a targeted operational time of autumn 2015


Draft Restriction at Panama Canal Postponed

 Gatun and Alhajuela Lakes

  The Panama Canal Authority (ACP) has issued an updated Advisory to Shipping to alert all Canal shipping agents, owners and operators that water conditions at this time do not warrant the need to institute a second draft restriction, which was tentatively scheduled for September 15, 2015






 
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