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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.


Saam Smit Towage Bolsters Americas Fleet

SST Capilano (Photo: Saam Smit Towage)

Saam Smit Towage, a joint venture between SAAM S.A. and Royal Boskalis Westminster N.V. providing towage services in Mexico, Canada, Panama and Brazil, announced it has invested in fleet renewal in Canada and Panama. The company’s Canadian arm has taken delivery of newbuild tug SST Capilano, to be added to the fleet of 21 tugs operated in British Columbia. For Panama, meanwhile, a newbuild tug to be named SST Rambala has been ordered from Damen Shipyards and will be delivered in March


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

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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)


Total Lubmarine to Supply New Panama Canal Power Plant

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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


June Deadline for Panama Canal Expansion

Photo: Panama Canal Authority

 The Panama Canal expansion project is now expected to be finished “mid of 2016” says a report in Reuters quoting the waterway's administrator.    "The new set of larger locks for the Panama Canal will be complete by the end of June


Sill Reinforcements Complete in New Panama Canal Locks

The Panama Canal Authority (ACP) announced that sill reinforcements in the new locks have been completed this week, bringing the Panama Canal Expansion closer to inauguration.   The filling of the Pacific-facing Cocoli Locks has already begun


World's Richest Travellers Prefer Panama

Photo: Virtuoso

 According to AFP Relaxnews, Panama saw the most growth in interest among the world’s richest jetsetters for travel this winter and spring.   Panama saw the most significant growth in bookings —107 per cent — compared to the previous year for the travel period between


Funding Secured for Project to Deepen the Delaware River

Dennis Rochford, president of the Maritime Exchange for the Delaware River and Bay, announced that President Obama’s FY17 proposed budget includes $33 million for the Delaware River Deepening Project. In addition to the Administration’s funding


Deck Cooling While Transiting Panama Canal

Photo by Panama Canal Authority

Effective immediately, and until further notice, the Panama Canal Authority (ACP)  will require transiting crude oil tankers, product carrier, and chemical tankers carrying cargoes with flashpoint of less than 18 deg. C, to cool their main decks with water by means of the on-deck water


APMT Takes Stake in Cartagena Terminal

Pictured left to right are Mr. Gabriel Echavarría, President of Compas Board of Directors who signed the deal on behalf of Compas and Mr. Joe Nicklaus Nielsen, Vice President, Port Investments for APM Terminals. Photo APMT

 APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) have finalized the incorporation of Cartagena Container Terminal Operator (CCTO), a new joint venture which will manage and operate Compas S.A


Port Tampa Bay to Reap Fruits of Expanded Panama Canal

Photo: Port Tampa Bay

 Port Tampa Bay is spending $21.5 million on a pair of new cranes that will be able to unload bigger container ships, and it is investing millions more to make it easier for trucks and trains to exit the port and be on their way.   


Venezuelan ship VMF Alita Sank off near Panama

Image: Panama Maritime Authority

 A ship Venezuelan flag, name VFM Alita sank last week in Caribbean waters of the Panama Canal after colliding with another anchoring vessel, which caused hole above the waterline and water ingress.   According to the information revealed on Sunday by a Panamanian official source


Realignment at ABS Americas

ABS Americas President and COO James Watson (imaage: ABS)

ABS, a leading provider of classification and technical services to the global marine and offshore industries, announces the realignment of its Americas Division operations to create two new regions – Canada and Mexico, Central America and the Caribbean.  


GE Marine Powered Tugs Delivered to SAAM

Arriero (Photo: GE Marine)

SAAM has taken delivery of its first two tugs to be powered by GE Marine. These new 80-ton RAstar 3200 terminal support tugs include two 8L250 GE Marine diesel engines. Designed by Robert Allan Ltd. and built at Guangdong Bonny Fair Heavy Industry Limited in China


Vessel Sinks in Atlantic Entrance to Panama Canal

VFM ALITA Photo Marine Traffic

The M/V ALITA. IMO 8503814 (174.10 meters LOA x 15,85 meters in beam) has been reported sunk at the following approximate position: Latitude 09 deg. 23.87’N and Longitude 079 deg. 55.75’W, which is about 0.7 nautical miles and 325 deg. from the West Breakwater Light.


MOL Car Carrier Rescues Castaway

Scenes of rescue operations

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that on January 20, 2016, the MOL-operated car carrier TRIUMPH ACE safely rescued a survivor about 80 km offshore of Mexico. Details of the rescue follow:


MOL Car Carrier Rescues Castaway

Photo: Mitsui O.S.K. Lines, Ltd

 Mitsui O.S.K. Lines, Ltd. has announced that on January 20, 2016, the MOL-operated car carrier TRIUMPH ACE safely rescued a survivor about 80km offshore of Mexico.   Details of the rescue follow: At 08:50 (all times in local time) on January 20, 2016, the TRIUMPH ACE


Singapore Slaps Heavy Fine on N. Korea-linked Shipper

Singapore-based Chinpo Shipping Company (Private) Ltd was fined S$180,000 ($125,698) on Friday for facilitating a shipment of arms to North Korea in violation of U.N. sanctions. The Singapore District Court had found Chinpo guilty in December of transferring financial assets or resources that


Chinpo Shipping Fined Over North Korea Gunrunning Case

 Chinpo Shipping Company was fined a total of $180,000 on Friday (Jan 29) for transferring funds that could reasonably have been used to contribute to North Korea's nuclear programme and for running a remittance business without a valid licence.  






 
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