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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


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

Grand Alliance, ZIM & HMM Jointly Announce New SCE2 Service


Grand Alliance members Hapag-Lloyd (HL), Nippon Yusen Kaisha (NYK) and Orient Overseas Container Line (OOCL), along with Partner ZIM Integrated Shipping Services Ltd (ZIM) are pleased to jointly announce the new co-operation with Hyundai Merchant Marine (HMM) within the Trans-Pacific All Water sector. The South China East Coast Express 2 (SCE2) will be launched on 12th May 2011, in conjunction with the enhancement of the established South China East Coast Express (SCE)

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.

DP World Plans Big for the Panama Canal

Image: DP World

 DP World is expanding its container terminal at Port of Caucedo following the expansion of the Panama Canal to accommodate larger container ships, reports ASC.   DP World will increase the capacity of the port to 2.5-million TEU and started work to increase the depth of the quay wall

TMS Cardiff Gas Orders First LPG Carriers

Courtesy TMS Cardiff Gas

  TMS Cardiff Gas Ltd. has signed a contract with Hyundai Heavy Industries of Korea for the construction of two 78,700 cbm LPG carriers with the option to build another two. The vessels are scheduled for delivery in Q2 and Q3 2017, when they will enter into time charter contracts with Shell

Panama Canal Facing Transit Backlog

Panama Canal

  The Panama Canal continues to experience an increase in transit backlog due to recent locks maintenance work, coupled with high arrivals during the last week of September. In response to this situation, scheduled non-critical maintenance work was postponed and additional crews have been

Sacyr Says Will Deliver Panama Canal expansion on Time

Photo credit: Laestrella

 The consortium in charge of the expansion of the Panama Canal, led by Sacyr reported that the fissures presented in the third set of locks will not delay the opening date scheduled for April 2016.   The Grupo Unidos por el Canal (GUPC)

Insufficient Steel Found in Panama Canal Locks Sill

Photo: ACP

The seepage found in the Panama Canal’s third set of locks is said to be the result of an inadequate amount of steel reinforcement, the Panama Canal Authority (ACP) announced today.   ACP said it was informed by the contractor responsible for the design and construction of the

Nicaragua Canal Project Fraught with Risks

Nicaragua's planned $50 billion canal project is "fraught with risks and uncertainties," and could cause more harm than good unless the government and its Chinese builder fund a host of mitigation measures, an environmental consultancy said.  

G6 Announces Asia-North America Winter Program

Berlin Express-HL

  Members of the G6 Alliance today announced the Winter Program for Asia – North America services in response to traditional seasonal changes in market demand. The following are the temporary service suspensions: Asia – North America East Coast Service

Panama Canal's Cruise Season from October 3

Cruise season Photo Courtesy Panama Canal Authorities

The Panama Canal cruise ship season 2015-2016 will officially begin on October 3 with the transit of Costa Luminosa, on a voyage from Italy around the world. “Approximately 220 cruise ships are expected to transit through the Panama Canal during this season that spans from October 2015 to

SC Line Begins Service to Cuba from Port Everglades

Image: SC Line

 Shipping company SC Line has started up service between Fort Lauderdale's Port Everglades and Cuba, reports Sun Sentinel.   The cargo and cruise vessels no longer require a special license to ply between US and Cuba.   SC Line can serve the Cuban seaports of Mariel and Santiago

PortMiami Dredging Clears Way for Mega Ships

Dredger in PortMiami (Photo: Port Miami)

PortMiami Deep Dredge gives businesses the infrastructure necessary for growth The completion of the PortMiami deep dredge project, which deepens the port’s main harbor channel from 42 feet to a depth of 52 feet to accommodate Post-Panamax ships

Will Opening of Expanded Panama Canal Be Delayed?

Photo: Panama Canal Authority

 Though cracks were detected in the concrete walls of one of the locks of the newly expanded Panama Canal last month, the  Panama Canal Authority (ACP) is maintaining an April 2016 start date for the revamped inter-oceanic waterway, reports Fox News.  

Pressure on Earnings in Container Shipping Industry

Photo: Maersk Line

 The low demand on the high volume trade lanes is surely increasing the pressure on earnings which is already felt in the container shipping industry.   This was one of the views that, BIMCO’s Chief Shipping Analyst, Peter Sand shared with the participants at the Maritime Cyprus

Low Containership Demand: A Manageable Challenge?

Photo: Maersk Line

Is the lack of demand for containerships a manageable challenge?   The low demand on the high volume trade lanes is increasing the pressure on earnings which is already felt in the container shipping industry, says shipping association BIMCO.  

Panama to Assess if Seepage Will Delay Expanded Canal Opening

Panama Canal Expansion

  During the testing phase of the new Pacific locks for the Panama Canal, some water seepage was detected in a specific area of the new Pacific Locks in a section that separates the middle chamber and lower chamber, as they were being stressed tested through exposure to level differentials

Panama Canal Locks Tests Reveals Water Seepage

Photo: ACP

The Panama Canal Authority (ACP) awaits formal GUPC report on water seepage issue; program 93 percent complete The filling of the Panama Canal’s new locks began in June, marking the start of a planned and methodical phase of operational testing of the Locks, including its culvert valves

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