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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


ISS Drives Forward in South America with CSAV

Inchcape Shipping Services (ISS) is driving forward in South America with newly completed operations in Argentina and Panama as the car carriers agent for Compañía Sud Americana de Vapores (CSAV). As general and port agents for the car carriers division of CSAV Group


US Imports Shifting to East Coast Ports

Photo courtesy of Zepol

Supply Chains Radically Shift From Pacific to Atlantic Ports in the First Half of 2015.   Zepol  found that a hefty chunk of businesses have switched from using Pacific to Atlantic and Gulf ports this year. Total imports along the East Coast have increased by 15 percent


MOL Bulk Carrier Rescues Castaways

Spring Zephyrsafely rescued all three survivors clinging to driftwood 165 km east of the island of Mindanao

  Mitsui O.S.K. Lines, Ltd. today announced that on July 5, 2015, the MOL-operated bulk carrier Spring Zephyr safely rescued all three survivors clinging to driftwood 165 km east of the island of Mindanao, the Philippines. Details of the rescue follow:


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


Nicaragua Canal No Threat to Panama

Map by HKND Group

 The Nicaragua canal project, which is being built by Chinese billionaire Wang Jing and his Hong Kong-based Hong Kong Nicaragua Canal Development Investment Co. (HKND Group), is not a threat to Panama, but a complement to the demand of world maritime trade, says the president of Nicaragua


Filling Begins at Panama Canal's New Pacific Locks

Photo Courtesy: Panama Canal Authority.

 Authorities in Panama began on Monday filling up the Panama Canal's new Pacific locks. Water for the locks is coming from Miraflores Lake, the Panama Canal authority (ACP) said.   Three electric pumps will each move 30,000gl of water per minute and 15 diesel pumps 7


Panama Canal Expansion Nears Completion

Pacific Locks Filling

  Today, the Panama Canal has taken yet another step forward toward the completion of the Canal Expansion Program as it begins to fill the Cocoli’s locks, on the Pacific side, following a similar and successful endeavor on the Atlantic side earlier this month


US Backs Study into Panama Canal LNG Terminal

The U.S. Trade and Development Agency informs it has awarded a grant to the Panama Canal Authority (ACP) to support the planning of a liquefied natural gas (LNG) import terminal.   The Panama Canal is expected to handle significant LNG tanker traffic upon completion of the canal expansion


Panama Canal Plans LNG Terminal

USTDA is supporting a study on an LNG Terminal with the Panama Canal Authority.  Photo Credit: USTDA

 The Panama Canal Authority (ACP), which administers the canal, is looking at building a Liquefied Natural Gas (LNG) import terminal near the Canal.   The ACP has been awarded a US Trade and Development Agency grant to help fund a feasibility study for the project


Savannah Port Sets Cargo Record

Port of Savannah. Photo: Georgia Ports Authority

 Port of Savannah set records for both container volumes and total tonnage in May, with the highest tonnage ever recorded in a single month.   The Port of Savannah has handled more than 338,000 TEUs, the Georgia Ports Authority said Monday. The container throughput represented a 16


Uni Asia Forms New Subsidiary and Buy a New Vessel

Pic: Uni-Asia Holdings Limited

 Uni-Asia Holdings Limited has acquired a new wholly owned Panama-incorporated company known as Fortuna Containership S.A. as a ship owning subsidiary for the purpose of acquiring a 3,500 TEU second hand containership.   Fortuna Containership was incorporated in Panama on 20 May 2015


Water Conservation Measures at Panama Canal

Gatun and Madden Lakes Photo Panama Canal

  The water levels at Gatun and Madden Lakes are currently well below the expected levels for this time of year. Based on a comprehensive analysis of historic data, both current and projected water utilization, as well as the estimated rainfall in the Canal watershed for the remainder of the


Cruise Ship Passenger Medevaced off US

A Coast Guard helicopter crew hoists a 77-year-old woman suffering stroke symptoms, Monday, July 6. The crew took the ailing passenger to Vidant Medical Center in Greenville, North Carolina. (Screenshot from U.S. Coast Guard video by Air Station Elizabeth City)

A cruise ship passenger suffering stroke symptoms was medevaced by U.S. Coast Guard personnel approximately 200 miles east of Wilmington, North Carolina. The Coast Guard received a call late Monday afternoon from the 959-foot, Panama-flagged cruise ship Carnival Pride


Double Milestone for Ellicott Dredges

Ellicott employees gather at the company’s Baltimore plant following a celebratory lunch in front of a Series 370 Dragon dredger (Photo: Ellicott Dredges)

Ellicott Dredges celebrates 1,000 day safety record and 130 years of business   The employees of Ellicott Dredges LLC in Baltimore had two reasons for celebration this week, the company announced.   First, Ellicott's Baltimore plant recorded a safety milestone of 1


NYK Vessel Rescues Fishermen on Philippines Coast

Crimson Polaris, a wood-chip carrier operated by NYK Line

  On July 7, Crimson Polaris, a wood-chip carrier operated by NYK Line, rescued nine fishermen in distress off the coast of the Philippines. While Crimson Polaris was sailing from Australia to China through a navigational lane in the South China Sea on July 7






 
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