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Canal

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


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


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 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


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.  


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.


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


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.


Princess Astrid visits DP World

As HRH Princess Astrid visits Dubai, DP World helps to drive growth in the port of Antwerp

  Antwerp Gateway, managed by DP World (one of the largest container terminal operators in the world) is a significant contributor to the success of the Port of Antwerp. Eddy Bruyninckx, CEO of the Antwerp Port Authority, met with Mr. Sultan Ahmed bin Sulayem and Mr


Panama Canal Sets Sight on Another Expansion

Photo: Panama Canal Authority

As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion that would allow it to handle the world's biggest ships.   Workers are now installing giant


Expanded Panama Canal to be Operational by April 2015

Panama Canal Expansion (Photo credit: Canal de Panamá)

 The widened Panama Canal is expected to finally be up and running in April 2016, after months of delays and cost overruns, AFP reports. The expansion project area will allow bigger ships to transit, with two new sets of locks, one on the Pacific side and one on the Atlantic side.  


JIT Transit Slots Reduced at Panama Canal

   The Panama Canal has experienced an unusual increase in the number of vessels awaiting transit during the past few weeks. Several measures have been implemented to reduce the backlog, such as the suspension of all maintenance work and the addition of locks personnel.  


Senate Confirms Doyle to Another Term

William P. Doyle

The United States Senate confirmed William P. Doyle to another term in office as a Federal Maritime Commissioner on the evening of March 23, 2015.  The vote was a unanimous 89 in favor, 0 opposed, and 11 senators not voting.   Upon confirmation, Commissioner Doyle said


Culina Group to Set Base at Peel Group's Port Salford

Port Salford View Courtesy Peel Port

  Food and drink logistics giant, Culina Group, has been announced as the first major tenant at the new National Import Centre being developed by the Peel Group, as part of its multi-million pound Port Salford development (located approximately 6 miles (9


Largest Ship Ever Calls on Savannah

The ZIM vessel Tianjin transits the Savannah River channel on March 18. At a capacity of 10,062 twenty-foot equivalent container units, the Tianjin is the largest ship ever to call on the Port of Savannah.

  The Georgia Ports Authority welcomed the largest ship ever to call on the Port of Savannah today when the ZIM Tianjin docked at Garden City Terminal. "This 10,000-TEU vessel represents the future of U.S.-Asia shipping," said Georgia Ports Authority Executive Director Curtis J


Panama Canal Case Headed to Arbitration

Picture Credit: Panama Canal Authority.

 The Panama Canal Authority (PCA) and the consortium building a third set of locks for the inter-oceanic waterway said in separate statements that they will take a dispute over cement quality to international arbitration.   The PCA has asked for an international arbitration panel to


Nicaragua Canal: Connects Ocean, Disconnects People

Nicaragua canal (HKND Group)

 The $50 billion Nicaragua Canal scheme promises to bring huge economic benefits to Central America's poorest country. But environmentalists and peasant farmers strongly oppose the project. And many are wary of the Chinese company that is to construct the canal.  


Egypt Woos Investments in Suez Canal

Suez Canal (by Suez Canal Authority)

 With Legislative Reform Committee giving the go-ahead for the suggested Suez Canal Project regulatory legal frame work, Egypt is offering investors massive projects worth billions of U.S. dollars for the development of the Suez Canal region.  


US Treasury Secretary Visits Ellicott Dredges

U.S. Treasury Secretary Jack Lew (L) and Senator Ben Cardin (R) take a tour of Ellicotts facilities in Baltimore (Photo courtesy of Ellicott Dredges)

U.S. Treasury Secretary Jack Lew, together with U.S. Sen. Ben Cardin (D- Md.), visited Ellicott Dredges March 9 at the company’s Baltimore plant for a discussion about U.S. export policies, the U.S. Government financing entity Eximbank and infrastructure investment programs.  


Nicaragua Canal Disastrous: Scientists

 Nicaragua Grand Canal project by HKND

 An international consortium of environmental scientists has expressed strong concern about the impact of a controversial Central American canal across Nicaragua.    The leading researchers from 18 institutions in the United States and Central and South America -- have voiced


St. Lawrence Seaway Opening Date Pushed Back

Tthe opening date for the St. Lawrence Seaway 2015 navigation season has been delayed following review and consideration of factors and conditions affecting safe navigation and effective system transit. The new opening date is scheduled for:


Egypt: Suez Canal Zone to Make Up 30-35% of Economy

Egypt expects a planned economic zone near the Suez Canal to eventually make up about a third of Egypt's economy, the country's investment minister said on Thursday.   Egypt plans to build an international industrial and logistics hub near the canal to attract foreign investment


Ships to Declare Weapons at Egyptian Ports

  All ships calling at Egyptian Red Sea ports or transiting the Suez Canal must declare any weapons onboard to Safaga Port Authority. As per the Egyptian Maritime Security Committee ruling, such weapons must stored at the Safaga navy base.






 
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