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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


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


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.


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 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


ARTEMUS Deploys Cargo Information Software

Photo courtesy: Artemus

ARTEMUS Transportation Solutions has deployed its new, web-based software, which provides clients the tools to submit electronic cargo information for all cargo destined to Japan and transiting the Panama Canal. Both single entry screen systems meet the requirements of Japan AFR for Japan Import Cargo and Panama Canal's EDCS filing regulations for cargo transiting through the Panama Canal.  These new products add to the solutions already available to NVOCC's


Draft Restriction at Panama Canal Postponed

 Gatun and Alhajuela Lakes

  The Panama Canal Authority (ACP) has issued an updated Advisory to Shipping to alert all Canal shipping agents, owners and operators that water conditions at this time do not warrant the need to institute a second draft restriction, which was tentatively scheduled for September 15, 2015


North Korean Black-listed Ships in Russia

Image: Convenient Flags

 North Korean vessels owned by Ocean Maritime Management (OMM) have been seen using Russian ports, says the NK News vessel tracker.   OMM was sanctioned for its involvement in smuggling weapons through the Panama Canal in 2013.  


Panama Canal Suspends Draft Restriction

Photo: ACP

The Panama Canal Authority (ACP) has lifted scheduled vessel draft restrictions brought on by lingering draught conditions in the region.   The ACP had previously set restrictions of 11.89 meters Tropical Fresh Water (TFW) to take effect September 8 due to the effects of an El


CMA CGM 2Q Post Higher Profit

CMA CGM

  In the second quarter, CMA CGM demonstrated the strength of its business model by significantly outperforming the market, despite a sharp fall in freight rates and industry overcapacity:   * Volumes carried during the second quarter increased by 6.2% year-on-year, to 3


Senat Shipping Disputes US Sanctions

Singapore-based Senat Shipping said on Friday it had done nothing illegal and that it was unreasonable to be put on a U.S. sanctions list for alleged connection with a blacklisted North Korean shipping company. The U.S. Department of Treasury on Thursday listed Senat


El Nino Onset May Impact Panama Canal Drafts

Gatun and Alhajuela lakes

The Panama Canal Authority closely monitors the water levels of Gatun and Alhajuela lakes on a regular basis due to the importance that these resources have for transit operations. With the onset of the 'El Nino' phenomenon, great efforts have and are being invested in forecasts and estimates


Panama Canal to Limit Cargo on Bigger Ships amid El Nino Drought

Image: Panama Canal Authority

 The Panama Canal Authority said that next month it will temporarily limit the amount of cargo for larger ships using the waterway because drought has lowered water levels in Gatun and Alhajuela lakes, reports AP.   Earlier there were reports that the size of ships will be temporarily


China to Dig the Nicaragua Canal With a Change in Layout

Map Credit:  NPR

 The $50 billion project of Hong Kong development company HKND to build an artificial waterway across Nicaragua to go ahead with some modification of the route of the canal to avoid affecting ecological zones and farming communities opposed to the project.  


Strike Likely at Panama Canal's 3rd Set of locks Project

Panama Canal Expansion

  The Panama Canal Authority (ACP) has learned of the National Union of Workers of Construction and Similar Industries (SUNTRACS) notice to strike issued to Grupo Unidos por el Canal (GUPC). GUPC is the main contractor for the Canal's third set of locks project


Workers Strike in Panama Canal Locks Project

The Panama Canal Authority (ACP) issued a press release stating it has learned of a National Union of Workers of Construction and Similar Industries (SUNTRACS) notice to strike issued to Grupo Unidos por el Canal (GUPC), the main contractor for the Canal's third set of locks project


Strike Call Lifted on Panama Canal Expansion Work

Panama Canal Expansion

  The Panama Canal Authority (ACP) expressed its satisfaction after the main contractor for the Third Set of Locks Project, Grupo Unidos por el Canal (GUPC), and the National Union of Workers of Construction and Similar Industries (SUNTRACS) reached an agreement which supersedes the strike


APM Terminals Enters Colombia

Compas Cartagena aerial photo

  APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) have signed a joint venture agreement to jointly manage and operate Compas S.A.’s existing multipurpose Cartagena Terminal.  


Drought Causes Draft Restrictions in the Panama Canal

Photo: ACP

Draught conditions have led the Panama Canal Authority (ACP) to set draft restrictions for vessels operating in the canal.   ACP described the restriction as temporary and preventive measure due to the El Niño climate phenomenon resulting in periodic warming of the tropical Pacific


As the Reefer Market Grows, Hapag-Lloyd Invests Record Volumes

Largest reefer order in Hapag-Lloyd’s history spurred by growth opportunities in the South American trade lanes Hapag-Lloyd is investing a double-digit million amount in its container fleet and has ordered 6,000 (12,000 TEU) of the latest generation of reefer containers


Eastern to Build 4 Towboats for IWL River

Image: ESG

IWL River, Inc., a Impala Terminals Colombia affiliate, and Eastern Shipbuilding Group, Inc. (ESG) on May 20, 2015 signed a contract for the construction of four 134-foot ABS Classed Inland River, Triple Screw Towboats each with a Retractable Pilothouse (ESG Hulls 243-246)






 
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