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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


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.  


Containership Scrapping: Sizing Up The Suspects…

Graph: Clarksons Research

 Last year saw a record level of boxship demolition, and this rapid pace of scrapping was sustained into early 2017 with a record monthly level of boxship recycling recorded in January and nearly 0.2m TEU scrapped so far this year, Clarksons Research reported.  


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


Maersk Sees Strong Growth in Mexico

Photo: Maersk Line

 Maersk Line saw a 21 percent jump in cargo volumes in Mexico between January and October 2016 compared with the year-earlier period, says a report by T21.   Mexico is expected to be one of the main beneficiaries of the newly expanded Panama Canal and its infrastructure is undergoing a


Pertamina Looks to U.S. for LPG

Indonesia expected to import 70 pct of LPG in 2017. Country seen shipping in around 5 mln T of LPG this year.   Indonesian state energy company Pertamina expects to import liquefied petroleum gas from the United States to meet growing demand, with U


Old Ships, Not Enough New Tricks?

Graph: Clarkson Research

 As widely expected, the opening of the new, expanded locks at the Panama Canal in June 2016 has considerably impacted the ‘old Panamax’ containership sector, says a report by Clarkson Research Services.   The displacement of these narrow beam vessels


Panama Canal Sets Monthly Tonnage Record

File photo: Panama Canal Authority

 In January 2017, the Panama Canal set a new monthly tonnage record of 36.1 million Panama Canal tons (PC/UMS), with the transit of 1,260 ships through both the Expanded and original locks.   The previous record was established the month prior, in December 2016, when 1


Glosten Promotes FitzGerald to Principal

Ken FitzGerald (Photo: Glosten)

Seattle-based naval architecture and marine engineering consultancy Glosten has promoted Ken FitzGerald to Principal.   FitzGerald is a graduate of Louisiana State University (BS, Petroleum Engineering, 1992), and joined Glosten in 2003 after 13 years working in commercial oceanography


East Coast Gateway Terminal Agreement in the offing

The Georgia Ports Authority and the Virginia Port Authority filed on Friday, Feb. 24, 2017, with the Federal Maritime Commission (FMC) to create the “East Coast Gateway Terminal Agreement.” The agreement encourages voluntary cooperation in the areas of operational and supply chain


Panama Canal Expansion Boosts US East Coast Port Volumes

File photo: ACP

As the Panama Canal’s newly operational expanded lane helps set monthly tonnage records, the project’s impacts are being felt along the U.S. East Coast.   Effects of the canal’s expansion are reverberating well-beyond Panama’s shores


Panama Canal Sets Daily Tonnage Record

File photo: Panama Canal Authority

In February 2017, the Panama Canal set a new daily tonnage record of 1.18 million Panama Canal tons (PC/UMS) after welcoming a total of 1,180 vessels through both the expanded and original locks, the Panama Canal Authority reported. The previous record was established the month prior in January


Panama Canal to Launch Vessel Scheduling and Management System

A view from inside the Panama Canal’s Marine Traffic Control Center, responsible for the scheduling, coordination and monitoring of vessel traffic through the Panama Canal. (Photo: ACP)

In response to growing traffic through the waterway, the Panama Canal has announced that it will launch a state-of-the-art vessel scheduling and maritime resource management system to further optimize costs, improve safety and increase the overall efficiency and reliability of the service it


Meyer's Group Orders Tugs for New Panama Canal Locks

Image: Damen

The Meyer's Group has ordered two Damen ASD 2913 Tugs to operate in the newly expanded Panama Canal.   At an official signing ceremony at the Panama Maritime XIII World Conference, Michel Mittelmeyer, Chief Executive Officer said the Meyer’s Group was awarded a contract last year to


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






 
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