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Acp News

28 Nov 2023

Wabtec, Marinsa Win 20-Engine Deal for New Panama Canal Tugboats

Wabtec Corporation and Latin American Channel Partner, Marinsa International, signed a contract to supply the primary power for 10 new hybrid tractor tugboats for the Panama Canal Authority (ACP). Wabtec will deliver two 8L250MDA marine engines for each tugboat. Image courtesy Wabtec

Wabtec Corporation and Latin American Channel Partner, Marinsa International, signed a contract to supply the primary power for 10 new hybrid tractor tugboats for the Panama Canal Authority (ACP). Wabtec will deliver two 8L250MDA marine engines for each tugboat.“Wabtec is delighted to power the new hybrid Panama Canal tugs with the 8L250MDA marine engines,” said Tammy Gromacki, Wabtec’s Vice President of Marine, Stationary and Drill. “We are honored, through our partnership with Marinsa…

27 Nov 2023

Biden's Clean Energy Agenda Faces Mounting Headwinds

Credit: Dragon Claws/AdobeStock

Canceled offshore wind projects, imperiled solar factories, and fading demand for electric vehiclesA year after the passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Biden’s agenda.Soaring financing and materials costs, unreliable supply chains, delayed rulemaking in Washington and sluggish permitting have wrought havoc ranging from offshore wind developer Orsted’s project cancellations in the U.S.

31 Oct 2023

Panama Canal to Slash Booking Slots Due to Drought

© Jonathan / Adobe Stock

Daily ship crossings on the Panama Canal, one of the world's main maritime trade routes, will be further reduced over the coming months due to a severe drought, the authorities managing the canal said late on Monday.Booking slots will be cut to 25 per day between November 3 to November 6, the Panama Canal Authority (ACP) said in a shipping advisory, and will be gradually reduced further over the coming months to 18 per day beginning February 1, 2024.In recent months, the ACP has imposed various passage restrictions to conserve water…

02 Oct 2023

Panama Canal Trims Vessel Passage Quota again to Deal with Severe Drought

Credit: vintagepix/AdobeStock

Daily ship crossings on the Panama Canal, one of the world's main maritime trade routes, will be reduced to 31 from 32 to soften the impact from a severe drought that is expected to last until next year, the authorities managing the canal said.The Panama Canal Authority (ACP) in recent months has imposed various passage restrictions to conserve water, including cutting vessel draft and daily passage authorizations, which are normally 36 per day.ACP said late on Friday that due to the ongoing water crisis…

08 Aug 2023

Association of Panamanian Shipowners Joins ICS

© Zerophoto / Adobe Stock

The Association of Panamanian Shipowners (ARPA) has become an associate member of the International Chamber of Shipping (ICS).Launched in 2020, ARPA was created by shipowners and operators of vessels to strengthen Panama’s shipping industry by offering quality support, professionalism, credibility, and active contribution to the social economic and environmental improvement of the country.This membership will build on the relationships across the maritime sector as the industry continues to work together to find solutions to collective issues including piracy…

25 Jul 2023

Drought-hit Panama Canal Restricts Daily Crossings in Water-saving Move

© cascoly2 / Adobe Stock

The Panama Canal will extend restrictions on ships' maximum depth, it said on Tuesday, and it has limited average crossings at one of the world's busiest trade passages to just 32 ships a day as a prolonged drought continues.The Panama Canal Authority (ACP) will maintain a depth limit of 44 feet, or 13.41 meters, for neo-Panamax container ships.In June, the authority put off further restrictions that would have brought depth limits up half a foot, meaning ships would have needed to lighten their loads to float higher.During Panama's rainy season…

15 Jul 2022

New Crewing Mandate Could Be a 'Gut Punch' to U.S. Offshore Wind Projects

©eyeimagery/AdobeStock

The U.S. House has this week passed the National Defense Authorization Act (NDAA), in which it attached a provision that would change rules for manning offshore vessels in U.S. waters, with the goal of fostering American jobs in the U.S. offshore wind sector, however, the move could be counterproductive.According to American Clean Power (ACP), which has slammed the move, the U.S. Coast Guard Authorization Act contains a provision that requires, within 120 days, that the nationality…

25 May 2022

Continued Investment Strengthens Key US Midwest Ports

(Photo: America’s Central Port)

More than a half a billion dollars in recent, current or expected improvements at three Midwestern ports will strengthen these facilities and reinforce their important roles in the global freight network. The significant investments at Port KC, America’s Central Port, and Kaskaskia Regional Port District, along with new infrastructure funding recently secured, will spur an increase in barge services and deliver cost efficiencies that drive profitability for the industry. Port KC is located on the Missouri River.

08 Nov 2021

Inland Waterways: A Crucible of Issues

© Bill Perry / Adobe Stock

As 2022 appears on the not-so-distant horizon, we asked inland waterways executives to reflect on the major issues impacting their industry. Just how those issues evolve – and whether they present as challenges or opportunities – is, of course, unknown. Answers to some future questions will be relatively straightforward, confidently based on industry knowledge and experience. Other outcomes remain hazier, and next steps could be influenced by forces and players completely removed from the business of barges…

14 Apr 2021

Panama Canal Delays Fee Increases

© Matthias Koch / Adobe Stock

The Panama Canal Authority (ACP) announced Tuesday that it will postpone increasing canal transit fees following calls from the shipping industry to reconsider the rate hikes amid a spate of global supply chain disruptions.The higher rates for the canal's transit reservation system were scheduled to take effect on Thursday but will now start on June 1, allowing the maritime industry more time to prepare for the adjusted booking fees, ACP said. The proposed changes represent a minimum cost increase per transit reservation of $20…

28 Jun 2022

Panama Canal Authority Taps Kongsberg for New Navigation Simulators

K-Sim Navigation ship’s bridge simulators are used by the Panama Canal Authority to ensure maximum realism in training scenarios for building crew and operator sea skills - Credit: Bård Gudim

The Panama Canal Authority (ACP), which manages the 82 kilometers long Panama Canal that connects the Atlantic Ocean with the Pacific Ocean, has awarded Kongsberg Digital a contract to upgrade and extend the K-Sim Navigation simulators based in SIDMAR; the Center for Simulation, Research and Maritime Development of the Panama Canal Authority. Equipped with the new technology, the Panama City-based center will be able to include multiple vessels in training scenarios and extend the realism of the simulator training provided for pilots and tug masters…

29 Apr 2020

Panama Canal Tweaks Payment System to Help Ships During Coronavirus

© Solarisys / Adobe Stock

The Panama Canal said on Wednesday it would make a temporary change to the payment system for ships booking passage through the waterway in order to offer more flexibility to customers affected by the coronavirus outbreak."As of May 4, 2020, the interoceanic highway will implement temporary changes to the requirements for making reservations and the advance payment of reservation fees upon confirmation," the Panama Canal Authority (ACP) said in a statement.Ships have hitherto had to pay fees within 48 hours of making reservations to transit.

05 Nov 2019

Maritime History & the Panama Canal

Grace Lines COLOMBIA transit of Panama Canal. Source: U.S.Merchant Marine Academy Maritime Museum.

The Panama Canal is a strategic crossroads for maritime traffic, and is arguably one of the most important maritime developments in the past century. Here we take a deeper dive into the history behind that famous strip of waterway.The present canal, which saw its first vessel transits in 1914, along with possible alternatives through Nicaragua and Mexico, had actually been on the minds of merchants, explorers and military/political strategists since the Age of Exploration in early 1500’s.

23 Oct 2019

EU to Launch Ocean Tracker

The European Union (EU) is set to launch a new interactive map, dubbed The Ocean Tracker, to follow the commitments, made by governments, businesses and NGOs, worth more than €10 billion ($11.13bn) so far.EU Commissioner Karmenu Vella, responsible for Environment, Maritime affairs and Fisheries said: "With the delivery of The Ocean Tracker, the EU demonstrates its leadership in ocean sustainability”.The Ocean tracker, itself a commitment made in 2017, when the EU hosted the Our Ocean in Malta, will make sure that the progress of all pledges is clear to see.EU also announced 22 new commitments at the 2019 edition of Our Ocean conference…

23 Oct 2019

EU Fund to ACP to Boost Sustainable Fisheries

The European Union (EU) has provided EUR40 million (USD 45 million) to boost sustainable fisheries and aquaculture in African, Caribbean and Pacific Group of States (ACP).An initiative by ACP-EU-Food and Agriculture Organization of the United Nations (FAO) is to invest in value chains that stimulate inclusive growth, bolster food security and minimize impacts on the marine environment."ACP-EU-FAO initiative signed a €40 million, five-year program (FISH4ACP) to boost the development of sustainable fisheries and aquaculture in Africa, the Caribbean and the Pacific," said a press release from the UN body.FISH4ACP is an innovative EU-funded program, devised with ACP and to be implemented by FAO.

30 Jul 2019

ICS Weighs in on Proposed Panama Canal Tolls

File Image: A cruise vessel passes through the Panama Canal. CREDIT: ACP

Global Shipping Industry Delivers Comments to Official Consultation on Proposed Modifications to Panama Canal Tolls.The Panama Canal Authority (ACP) is conducting a public consultation on a proposal to adjust the Panama Canal tolls for containerships, vehicle carriers, dry bulk carriers, tankers, chemical carriers, LPG and LNG vessels, passenger vessels and small vessels. The proposed new toll charges are anticipated to enter into effect on 1 January 2020, the same day as the IMO ‘Global Sulphur Cap’ regulation.

25 Jul 2019

Panama Canal Hearing on Tolls Structure

The Panama Canal Authority (ACP) held Tuesday a public hearing on the proposed modifications of its toll structure which culminated the period for receiving inquiries from the industry.The agency of the government of Panama responsible for the operation and management of the Panama Canal recently published a proposal to modify its current tolls structure for the dry bulk, passenger, containership, vehicle carrier and RoRo segments, as well as tankers, chemical tankers, LPG and LNG vessels, the intra-maritime cluster and minimum tolls.“The public hearing is an invaluable part of the process,” said Panama Canal Administrator Jorge L. Quijano.

27 Dec 2018

Third Party Oversight

File Image: the El Faro's VDR as it looked installed on the vessel.

... one year after the commandant’s Final Action Memo on the El Faro sinking.“… the Coast Guard is ultimately responsible to monitor the performance of third parties that perform delegated functions and also to guarantee the effectiveness of vessel inspections and surveys. Yet the Coast Guard failed to adequately oversee the third party in this case, and the investigation reveals that the Coast Guard has not sustained the proficiency and policy framework to do so in general. The…

16 May 2019

INSIGHTS: Dennis Wilmsmeyer, Executive Director, America's Central Port

Dennis Wilmsmeyer, Executive Director, America's Central Port

Dennis Wilmsmeyer was appointed Executive Director at America’s Central Port on July 1, 2010, prior to which he served 11 years with the Port District, six as General Manager.With over 30 years of experience, Dennis brings a wealth of knowledge and expertise to the table in the areas of transportation, planning, and economic development. His responsibilities include developing the Port’s 1,200-acre industrial park and business campus, redeveloping a former military logistics center…

16 Jun 2019

Panama Canal to Modify Tolls Structure

The Panama Canal published a proposal to modify its current tolls structure for the dry bulk, passenger, containership and vehicle carrier and RoRo segments, as well as tankers, chemical tankers, LPG and LNG vessels, the intra-maritime cluster (local tourism segment) and minimum tolls (small vessels).According toa press release from the Panama Canal Authority (ACP), the announcement marks the beginning of a 30-day formal consultation period for industry feedback, which will close on July 15, 2019."With this proposal, we aim to better serve the global maritime industry," said Panama Canal Administrator Jorge L. Quijano. "Our proposed modifications will increase transparency and flexibility…

30 May 2019

European Consortium Launches 3D Project

A consortium of 11 European stakeholders including ArcelorMittal, Axens, IFP Energies nouvelles (IFPEN) and Total, launched a project to demonstrate an innovative process for capturing CO2 from industrial activities named the DMX project.It is part of a more comprehensive study dedicated to the development of the future European Dunkirk North Sea capture and storage cluster.The “3D” project (for DMXTM Demonstration in Dunkirk) is part of Horizon 2020, the European Union’s research and innovation program.The project has a 19.3 million euro budget over 4 years, including 14.8 million euros in European Union subsidies. Coordinated by IFPEN…

12 Mar 2019

Moody's Upgrades Panama Canal Rating

Photo credit: ACP

Moody’s Investors Service upgraded the 20-year $450 million Senior Unsecured Bonds issued by the Panama Canal Authority (ACP) to A1 from A2, with a stable outlook, based on the waterway's strong performance since the expansion's inauguration.Moody's noted that the Expanded Canal has increased overall tonnage and attracted new market segments, contributing to the waterway's strong performance. According to Moody's, "stronger cash flow generation coupled with a relatively low leverage…

14 Dec 2018

Moody's Rated Panama Canal with Stable Outlook

Moody's Investors Service reaffirmed the Panama Canal Authority's (ACP) A2 long-term rating with a stable outlook, based on its distinctive position as an infrastructure asset with a unique geographic advantage and business model, and its strong historical operational and financial performance.According to Moody's, the ACP's strong financial performance has resulted in better than anticipated financial metrics, driven by the successful operations of the Expanded Panama Canal. The credit rating agency noted the Canal's strong operating track record and robust growth after the Expansion.Factoring into its decision, Moody's cited "the Canal's…