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New Panama

Rickmers Announces New Surcharges

Rickmers-Linie, the Hamburg-based global project liner and heavy lift specialist, has announced that it is implementing a Panama Canal Surcharge. It will also be implementing its Bill of Lading Documentation Fee of $55 for all US trades. This change is due to increased documentation requirements. All changes are effective December 1, 2002. The new Panama Canal Surcharge (PCS) has been necessitated by the toll increases imposed by the Panama Canal Authority for vessels passing through the Canal. All breakbulk and LCL cargo will be charged at $5.00 W/M (1000 kilos or 1 cubic metre); container cargo will be charged at $100 per container (regardless of size). This surcharge will be applied to all cargoes for which the scheduled routing is via the Panama Canal.


First Port in S. America Panamax Approved

Terminal de Contêineres de Paranaguá (TCP) first port in the region approved to allow unrestricted access of vessels of new Panama Canal’s maximum dimensions. Only weeks after having received permission to lift all restrictions to navigate at night, TCP - 3rd biggest Brazilian container port located in Paranagua has become the first port in the region to receive approval to allow unrestricted access of vessels featuring the new Panama Canal’s maximum dimensions of


India Approves Shipping Corp LNG Joint Venture

The Indian government on March 4 approved state-run Shipping Corporation of India Ltd.'s plan to take a 33.8 percent stake in a new Panama-based liquefied natural gas (LNG) transportation company. Shipping Corp. will invest $21 million in the firm, in which Japan's Mitsui OSK Lines Ltd., Nippon Yusen Kabushiki Kaisha and Kawasaki Kisen Kaisha Ltd. would be other partners. The new company would transport LNG for India's state-run Petronet LNG Ltd


Expansion Locks Bidding Process Moves Ahead

Representatives from some 60 companies and 18 countries participated in an informational meeting regarding the prequalification process for bidding on the design and construction contract of the new Panama Canal locks last Thursday. A total of 144 representatives from North, Central, and South American, Asian and European firms attended the meeting in a continuation of the process that started on August 27th, when the Panama Canal Authority (ACP) opened the prequalification period for


Mississippi River Deepening Study

The Big River Coalition and Louisiana Department of Transportation and Development commissioned economist Dr. Tim Ryan to calculate the economic impacts that deepening the Mississippi River would have on the state and national economy. The results of the study will be released during a press conference at the Port of New Orleans Administration Building, 1350 Port of New Orleans Place, Thursday, Aug. 22 at 3:15 p.m.


Total Lubmarine to Supply New Panama Canal Power Plant

lublogo.jpg

International marine lubricant supplier Total Lubmarine secured a contract to supply lubricating oil to the Miraflores power plant in the Panama Canal. This installation is located near the existing locks, a few miles from Panama City. Total Lubmarine’s innovative Talusia Universal lubricating oil will be used on two low-speed MAN B&W 12K80MC-S engines which will form part of the expansion of the Miraflores installation


Panama Canal to Develop New Port

Panama Canal Board of Directors Approves Development of New Port

  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 National Assembly. The project is another example of the Canal’s continual commitment to


Kuzniecky Inaugurated as Head of Panama Canal Authority Board of Directors

Former Comptroller General Dani Ariel Kuzniecky Barsky officially assumed his new position as chairman of the Panama Canal Authority (ACP) Board of Directors at an inaugural ceremony conducted at the presidential palace last Monday. At the inauguration, Kuzniecky, who will concurrently hold the rank of Minister for Canal Affairs, stated that "one of my commitments will be to preserve the pride and international prestige that Panama has gained as a result of the ACP's management of the


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 Begins Centennial Countdown

Photo Courtesy of Panama Canal

The Panama Canal Authority (ACP) began the countdown for the centennial celebration as it commemorates its 99th anniversary. The countdown’s events will highlight the waterway’s contribution during the past 100 years and the efforts underway to face the challenges of the upcoming decades. The countdown began with the presentation of the Panama Canal Centennial logo on the control house balcony at the Miraflores Locks in a ceremony attended by members of the ACP Board of


Suezmax Tankers Bullish

 Suezmax: By Palmali Group of Companies

 Global fixture activity for suezmax crude tankers rose in the first quarter by 5% year on year, with most of the activity coming out of West Africa.   Suezmax fixtures out of the Caribbean rose by 48%, most of which headed to the US Gulf and East coast Panama.  


Cuban Port Eyes Pact with Panama Canal expansion

A photo of the Mariel Boatlift, 1980. Pic by U. S. Coast Guard

 The Port of Mariel, Cuba, aims to become the best choice transshipment in the region from the Panama Canal expansion.   According to the Mariel terminal sources, "The port has possibility to connect with everyone from the Panama Canal expansion" and its geographical position


CMA CGM Upgrades Gulfbridge, Hispaniola Lines

Container shipping company CMA CGM Group announced its Gulfbridge service upgrade, and its Hispaniola feeder service optimization.    The CMA CGM Group upgrades its Gulfbridge service between the Gulf of Mexico and the Caribbean area


Panama Canal Advisory Board Meets in Japan

Members of the Panama Canal Authority (ACP) Board of Directors and Administration returned to Panama after having traveled to Asia for the 24th joint meeting of its Advisory Board.   The delegation met in Japan with the group of distinguished advisers to discuss Canal operations and


CMA CGM Makes Jamaica its Caribbean Hub

Photo: A Gilbert Bellamy

The CMA CGM Group announced that Farid T. Salem, CMA CGM Group Executive Officer, signed on April 7, in Kingston – Jamaica, an agreement with the Port Authority of Jamaica granting the CMA CGM Group the concession of Kingston Container Terminal for 30 years


WMI, ESG Sign Contract to Complete Dredger

Photo courtesy of ESG

 Weeks Marine, Inc. (WMI) and Eastern Shipbuilding Group, Inc. (ESG) signed a contract to complete the construction of its Trailing Suction Hopper Dredger, the MAGDALEN. This 356’ Twin Screw Trailing Suction Hopper Dredger will be constructed at Eastern’s Allanton Panama City


Norwegian Cancels Cruise Due to Propulsion Problem

Norwegian Star. Pic by Norwegian Cruise Line

 The April 12 Panama Canal sailing of Norwegian Star has been canceled due to a technical issue with the ship's ABB-manufactured azipod propulsion system, according to a statement from Norwegian Cruise Line.    The Norwegian Star was originally scheduled for a 15 night cruise to


Eaton Wins Panama Canal Contract

Eaton power management solutions, engineering services to enhance Panama Canals electrical reliability, energy efficiency and economic viability (Photo: Business Wire)

 Power management company Eaton has been awarded an additional $5.2-million contract to provide critical installation services for the Panama Canal Expansion Program.    Eaton’s contract was awarded by Grupo Unidos por el Canal, SA (GUPC)


The World's Largest Boxship Enters the Panama Registry

MSC Oscar: Mediterranean Shipping Co

 Mediterranean Shipping Co’s latest vessel MSC Oscar, the world's largest boxship, has entered the Panama Registry.   The Panama Maritime Authority (AMP) has announced that the Merchant Marine Department has inscribed in the Panama Registry the MSC Oscar.  


CMA CGM to Add Ships, Pursue More Economies

Containership CMA CGM Marco Polo.JPG

CMA CGM, the world's third-largest container shipper, announced on Monday plans to order three giant vessels and said higher volumes and profit last year showed its focus on economies of scale was bearing fruit. Like market leader Maersk Line


Gulf Bridge Express Service to End

The two services

  The Gulf Bridge Express Service will shortly be terminated with the last roundtrip voyage being MV Saint Nikolaos voyage 00008S, ETA New Orleans on April 22, 2015. Alternative services from/to Gulf ports of United States and Mexico will be covered by the GCS and the GS1 as illustrated


Transit Waiting Times for Panama Canal

  Non-booked regular sized vessels wishing to transit the Panama Canal face a wait of approximately 5-6 days. There has been a dramatic increase in the transit backlog as a result of several factors, including heavy arrivals in February/March, averaging 35


Plans in Place to Test Intermodal River Transport

Ken Canter

The Paducah-McCracken County Riverport Authority and Ingram Barge Company has announced plans to assess the viability of Intermodal River Transportation, utilizing the largest flat-top crane in North America owned by the Paducah Riverport Authority and Ingram’s towboats and barges.


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 2016

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.  






 
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