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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


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.  


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


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


88 Qatari Ships Carrying LNG Passed Suez Canal Last Year

Eighty-eight vessels from Qatar bearing cargoes of liquefied natural gas (LNG) used the Suez Canal in 2006. Of these, 74 were bound for Spain, six to France, five to Belgium and three to other destinations, according to Ahmed El Manakhly, Director of the Planning and Research Department at the Suez Canal Authority. With these vessels having a draft of around 40 feet, the Suez Canal would have more than adequate depth to allow them to pass through


Panama Canal Authority Proposes New Pricing Structure

The Panama Canal Authority released a formal proposal to change its pricing structure to move toward a market-oriented business model that allows for greater customer service and continual improvements to the Canal. As global trade continues to expand, the shipping industry has evolved significantly and the Canal's 90-year-old pricing structure needs to be changed to meet the increasing demands of a dynamic market place.


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: 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


Canal Project Slows Panama Economy Growth

Photo: Panama Canal

Panama's economy expanded in May at its slowest pace since 2009 as major public works projects, including an expansion of the Panama Canal, slowed or wrapped up, dragging on the construction and mining sector. Panama's economy grew 1.71 percent in May compared to the same period a year earlier


Horizon Delivers 4th 74’ Towboat for Canal Barge Co.

MV Jane Merrick: Photo credit Horizon Shipbuilding

Horizon Shipbuilding, Inc., Bayou La Batre, AL, has delivered the fourth in a series of 74’ towboats to Canal Barge Company, Inc. of New Orleans, LA.    The Jane Merrick is 74’ long with a 32’6” beam and an 8’6” draft


Containership to Become Gigantic Artwork

Artist JR will turn CMA CGM Magellan into a giant piece of art (Photo courtesy of CMA CGM)

The CMA CGM Group announced that CMA CGM Magellan, a 365-meter containership, will be covered by a collage made by French artist JR on more than 150 containers as part of “Terre d’Eaux” festival. For the first time, a containership will be turned into a work of art welcoming


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.


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.


JR Transforms CMA CGM MAGELLAN into Work of Art

JR and the CMA CGM MAGELLAN

  The CMA CGM MAGELLAN, a 365 meters long vessel, has been transformed into a work of Art by world-renowned artist, JR. Discover this amazing project and the video of the construction of this gigantic work of art. An amazing project where Art and shipping meet together


Maintenance at Kiel-Holtenau

  The Kiel Canal Authority, Germany, has announced that due to maintenance works, the New Big South Lock at Kiel-Holtenau will be out of operation next week during the following periods: Mon 14 July: 12:00–18:00 hours Tue 15 July: 07:00–17:00 hours


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


Two Additional Voith Tugs For Alexandria

Photo courtesy of Voith

The Alexandria port authority has placed an order for two new tugs with the Egyptian Timsah Shipbuilding Company. Each vessel will be equipped with two VSP 28R5/234-2 Voith Schneider Propellers for a power of 3840kW.   Two virtually identical Voith Water Tractors (VWT) were put into


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


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).






 
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