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PANAMA CANAL

U.S. Sec of Commerce Visits Panama Canal

U. S. Secretary of Commerce Carlos Gutiérrez visited the Panama Canal today as part of an official Panama tour. Panama Canal Authority Administrator/CEO Alberto Alemán Zubieta met Secretary Gutiérrez and the U.S. delegation at the Miraflores Locks, where he explained how the waterway works and provided details on the progress of the Canal's expansion. Expansion will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, which will double capacity and allow more traffic and longer, wider ships.


Panama Canal Reinforces Tug Fleet for Expansion

Photo Courtesy of the Panama Canal

The Panama Canal has increased its tugboat fleet with the arrival of the first two of 14 tugboats that will improve the waterway’s resources to offer a safer and more efficient service to the global shipping industry. These tugboats will strengthen the Canal’s capacity for the operation of the Third Set of Locks. “These new tugboats will allow the Panama Canal to continue offering a world-class service,” Panama Canal Administrator Jorge L. Quiijano said


ACP Commemorates 13 Years of Local Administration

Panama Canal Administrator Jorge Luis Quijano.

The Panama Canal is celebrating 13 years under Panamanian administration. During this period, the Canal has strengthened its role in international commerce as a result of investment in the modernization of its infrastructure, its expansion and an alliance with its natural surroundings.   “The Panama Canal reaffirms its relevance in international commerce more than ever as a result of the decisions and actions that Panamanians have taken with regard to its management


Panama Canal Prepares Workforce for New Locks

Photo courtesy ACP

As part of the preparations for the expanded Panama Canal, the Board of Inspectors of the Panama Canal Authority (ACP) has certified 12 new tugboat captains after successfully completing training. This is the fourth group of the program which started in 2008 and has certified 47 tugboat captains. This represents 50% of the goal set to meet the demand for the efficient and safe transit of vessels through the new locks of the Panama Canal.


ACP Charters Post-Panamax Ship for Pilot Training

The Panama Canal Authority (ACP) will charter a Post-Panamax vessel before the opening of the expanded Canal to be used for training purposes in the Third Set of Locks. The Executive Vice President of Operations Esteban Saenz reported that the Panama Canal will charter a Post-Panamax ship to train pilots and tugboat captains that will assist in transits through the new lane. Saenz said the vessel will be used several months before the opening of the expanded Canal to test the new locks


Panama Canal Celebrates 102 Years

Image: Panama Canal Authority

 The Panama Canal has celebrated 102 years of successful operations and service to the global maritime community, just one day after welcoming its one-hundredth transit through the expanded waterway.     On August 15, 1914, the Panama Canal officially opened for business, during the administration of President Woodrow Wilson. But it was Wilson’s archrival who was the driving force behind the canal.  


Panama Canal Presents Expansion Program to Financial Markets

Continuing to move forward with expansion plans, Panama Canal executives presented the Canal's Expansion Program to international financial institutions yesterday. Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta provided a snapshot of the Republic of Panama, the Canal's operational achievements and increase in capacity through continuous improvements and modernization work. He also outlined the progress made on expansion


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.


ACP to Modify Pricing Structure

ACP_Ton_Record_Molene30sep2011.jpg

Panama Canal proposes tolls adjustments and creates new market segments to reflect real value of the route and better serve its customers.New market segments by vessel type are created and consultation period with interested parties begins. The Panama Canal Authority (ACP) Board of Directors approved a proposal to modify the Panama Canal pricing structure to align Canal toll charges with the value the route provides.   New Segments  


PSA Starts Expansion Work on 2m teu Panama Terminal

Image: PSA Panama International Terminal (PPIT)

 Singapore-based port operator PSA Panama International Terminal (PSA Panama) has started a USD 400 million expansion of its container terminal located on the west bank of the Panama Canal Pacific.   It has started on the expansion after being granted approval by the National Assembly, the Panama Canal Authority ACP, the Panama Maritime Authority and the Panamanian State.   The expansion is targeted to be ready for operations before the end of 2016


Expanded Panama Canal Celebrates First Anniversary

Photo: Panama Canal Authority

 The Panama Canal commemorated the one-year anniversary of the inauguration of its Expanded Canal, one of the most significant milestones in the history of the 102-year old waterway and a defining moment for the people of Panama and the global maritime industry.  


Panama Canal Hearing Addresses Toll Structure Changes

Photo: The Panama Canal Authority

The Panama Canal Authority (ACP) today held a public hearing on its tolls structure modifications proposal.   “The modified tolls will safeguard the Canal's competitiveness, charge a fair price for the value of the route and provide a competitive service to the global shipping industry


Monjasa Reports Panama Canal Supply Growth

Physical bunker supplier Monjasa has been active in the Panama Canal since 2011 and established a physical presence for operations and bunker trading in Panama City in 2015. Now one year after the official inauguration of the new locks of the expanded Panama Canal


ABS Approves New MOSS-type LNG Tank Concept

ABS informs it has granted Approval in Principle (AIP) for a new MOSS-type liquefied natural gas (LNG) tank design concept developed by Japan’s Kawasaki Heavy Industries (KHI).    Designated as an IMO Type B independent tank


Expanded Panama Canal Welcomes 1000th Neopanamax Vessel

MSC Anzu as it transits the Cocoli Locks (Pacific side), becoming the 1,000th Neopanamax ship to transit the Expanded Canal. (Photo: ACP)

Less than nine months after the historic inauguration of the Expanded Canal, the Panama Canal has announced that it has welcomed its 1,000th Neopanamax vessel through the waterway, highlighting the importance of the route and customers’ continued faith in the safe


Eight Damen Interceptors for Panama

(Photo: Damen)

The National Air and Naval Service of Panama (Servicio Nacional Aeronaval - SENAN) has taken delivery of four Interceptor 1102 vessels from Damen Shipyards Group. The President of Panama, Juan Carlos Varela, performed the christening ceremonies of all four vessels on February 6, 2017.  


APM Terminals Boosts Walmart Hub at Port of Mobile

Photo: APM Terminals

 APM Terminals Mobile welcomes Arkansas-based global retail giant Walmart’s plans for a new International Distribution Center to be opened 15 miles from the port.    The sixth of Walmart’s US international distribution centers, the Irvington


Biggest Ship to Ever Visit US East Coast

 Wide, deep channels and big-ship infrastructure will earn South Carolina Ports Authority the desired position as last port of call when the biggest ship ever to call the US East Coast, the COSCO Development, arrives in May.   "SCPA has worked aggressively for years to ensure we


Disney Wonder First Passenger Vessel To Transit New Panama Canal

Disney Wonder Becomes First Passenger Vessel To Transit New Panama Canal Locks (Disney Cruise Line Handout Image)

The Disney Wonder transited the Panama Canal on Saturday as the first passenger vessel to go through the canal's new set of locks, marking a milestone for the cruise industry.    The Disney Cruise Line 2,713-passenger ship was transformed in late 2016


Santos Express Delivered to Hapag-Lloyd

Santos Express (Photo: Hapag-Lloyd)

Hapag-Lloyd’s newest containership Santos Express was recently delivered from Hyundai Samho Heavy Industries (HSHI) in South Korea.   The 10,500 TEU capacity, 333 meter long ship is the final of five vessels in the Valparaíso Express class.  


Largest Ship To-date Transits Expanded Panama Canal

The COSCO Development transiting the Panama Canals Cocoli Locks, making it the largest vessel to transit the Expanded Canal. (Photo: Panama Canal Authority)

The 13,092 TEU Neopanamax containership COSCO Development, which measures 366 meters in length and 48.2 meters in beam, today became the largest vessel both in dimension and capacity to transit the Expanded Panama Canal since it was inaugurated in June 2016.  


Royal Caribbean Will Return to New Orleans

Vision of the Seas (Photo: Royal Caribbean International)

Royal Caribbean International announced it will return to New Orleans with a seasonal home-based cruise ship in late 2018. The 915-foot Vision of the Seas will sail seven-night itineraries to destinations across the Bahamas and Yucatan Peninsula from the Port of New Orleans’ Julia Street


New ASD Tug for Saam Smit in Panama

Damen ASD Tug 2411 SST Portobelo (Photo: Damen)

Saam Smit Towage has ordered a new ASD (Azimuth Stern Drive) 2411 tug from Damen Shipyards, for operations in the port of Colón, Panama. Built for stock at Damen Song Cam Shipyard in Vietnam, it was subsequently transported to the Netherlands for finishing


Panama Canal to Modify Tolls Structure

Pic: Panama Canal Authority (ACP)

 Panama Canal Authority (ACP) has published a proposal for modifications to its current tolls structure, signaling the beginning of a 30-day formal consultation period for industry feedback, allowing the waterway to continue providing a competitive service to its customers.  


Cargo Shipping Market to Grow at 3.45% to 2023

Photo: Maersk Group

 Global Cargo Shipping Market is expected to grow around 3.45% CAGR during the period 2017 to 2023, says a report by Market Research Future.   In recent years, Global Cargo Shipping Market has advanced rather productively. While, increasing number of countries forging of free trade






 
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