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.
MOL Establishes New Panama Vessel Operation Center
MOL hosted a party to celebrate the grand opening of its new Panama Vessel Operation Center in Panama City, Panama on December 9, 2003. Some of the guests in attendance included: Mr. Joaquin Jacome, Minister of Commerce; Mr. Jerry Salazar, Minister of Canal Affairs; and Mr. Shuji Shimokoji, Ambassador of Japan. Considering Panama to be one of the world’s key maritime centers, the company established MOL (Panama) Inc. in May 2003, which is responsible for handling all commercial activities for MOL’s liner division in Panama. The responsibilities of MOL (Panama) Inc. were increased last month when it was named a regional office in charge of managing the activities of MOL’s Caribbean and Central America shipping agents.
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 368 meter in length and a beam of 51 meters. Luiz Antonio Alves, CEO of TCP commented “We are truly delighted to have received this permission by the Port Authorities, which will set new standards for ports in Brazil and the region as a whole.
MHI Receives Order for Very Large LPG Carrier
Vessel to Provide World's Highest Level of Energy Efficiency, with Specifications Enabling Passage through New Panama Canal. Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier. The LPG carrier on order is identical to vessels ordered to MHI by Astomos Energy late last year and again this past spring. The carrier will provide the world's highest level of energy-saving performance, flexibility to accommodate major LPG terminals around the globe…
Panama Canal Expansion: Impacts on the Bunker Industry
The total volume of the Panama bunker market has increased in recent years as price levels are becoming increasingly competitive to U.S. bunker hubs like Houston, New Orleans and New York. In 2015, reports indicate that approximately 5 percent of the global trade passes through the Panama Canal. And, in the light of this weekend’s historic opening of the new Panama locks, this percentage is expected to grow in the coming years, as an increased number of Post-Panamax containerships…
A Painful Shipping Record – Vessel Scrapping
More containership capacity is being demolished than ever before, including old-design ships made redundant by the new Panama Canal. Drewry checks if this end the current capacity surplus? Now is not a good time to own an old containership. Drewry’s Container Forecaster (June 2016) found that, for the first time, 450,000teu of containership capacity is expected to be scrapped in just one year, as the containership sector recognises that there are far too many ships chasing too little cargo.
UKHO to Release Digital Charts for Expanded Panama Canal
The United Kingdom Hydrographic Office is to release five new Electronic Navigational Charts (ENCs) for the expanded Panama Canal. The new ENCS are produced by the Panama Canal Authority (PCA) and provide end-to-end coverage of the Canal at a scale of 1:10 000. They contain new survey data and up-to-date information for the expanded Canal, which will receive its first official transit on June 26. Jason Scholey, Senior Product Manager at the UKHO, commented: “The Panama Canal serves a vital purpose for international shipping and world trade.
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., which operates a 5-million-tonne LNG terminal in Dahej on India's west coast. The company would transport 2.5 million tonnes of LNG for an expanded facility at Dahej. Petronet LNG has a long-term contract with Qatar's Rasgas to buy 7.5 million tonnes of LNG for its terminal.
Meyer's Group Orders Tugs for New Panama Canal Locks
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 offer towage support in the new Panama Canal locks. These new tugs fulfill the requirements of the Panama Canal Authority as more powerful vessels, of at least 80 metric tons bollard pull, are needed given the ever-increasing size of vessels, added Mittelmeyer.
CMA CGM upgrades its Round the World Panama Direct Serivce
CMA CGM upgraded its Round the World Panama Direct service from a fortnightly to a weekly frequency, as of September 18, 2013. The new Panama Direct Weekly service will offer an extensive coverage of the trade with 20 ports of call. Thanks to its integration in CMA CGM global network, this upgraded service will serve 15 different markets such as Australia, New Zealand, South Pacific Islands, Central and South America, the Caribbean, North America (USEC), North Europe, the Baltic, Mediterranean, North Africa, Black Sea, etc. It will also, offer the fastest transit from Australia and New Zealand to Europe, a serious advantage for reefer shippers and UK Tilbury Wednesday call will allow fast delivery to final destinations for time sensitive cargo such as fresh products.
ACP Names New Director
Panama Canal Authority Board of Directors appoints new Canal Administrator. The Panama Canal Authority (ACP) Board of Directors announced today the appointment of engineer Jorge Luis Quijano as the new Panama Canal Administrator. Mr. Quijano will succeed Alberto Alemán Zubieta, who has been at the helm of the Canal for the past 16 years and whose term will end on September 3, 2012. “We are proud to announce the appointment of Jorge Quijano as the new Canal Administrator. The Board of Directors…
Cost Overrun Hits Panama Canal Expansion
Widening the Panama Canal will cost more than budgeted due to billions of dollars in overruns by the consortium carrying out the work says a report from AFP. The canal's administrator Grupo Unidos por el Canal (GUPC), which is overseeing upgrades to the canal's locks, has incurred overruns totaling as $2.39 billion. The expansion had been forecast to cost $5.25 billion. The expansion project, begun in 2007, was initially scheduled for completion in 2014. But the project's due date has been pushed back to early 2016.
Maiden Call of the Hyundai Saturn to New York
As the leader of customer-focused terminal operations in North America, GCT USA has welcomed the Hyundai Saturn to GCT Bayonne. The Saturn is the first of five Hyundai ships in the G6's New York Express (NYX) service calling the port of New York and New Jersey through the expanded Panama Canal. The Saturn and its sisters are the first Hyundai neo-Panamax class vessels deployed on the Transpacific-US East Coast trade lane, all boasting a cellular capacity of 10,077 TEUs. Serving New York as the first North American port-of-call…
CMA CGM Theodore Roosevelt Breaks Panama Canal Capacity
The Panama Canal welcomed the largest capacity vessel to ever transit the Expanded Locks, the CMA CGM Theodore Roosevelt. CMA CGM Theodore Roosevelt became the largest container ship ever to cross the new canal. Leaving the Port of Yangshan on July 28th, the CMA CGM giant crossed the new Panama Canal on August 22th. "Today's transit not only represents the growing success and adoption of the expanded canal, but also its impact on reshaping world trade," Jorge Quijano, the Panama Canal's adminstrator, said in a statement following the Theodore Roosevelt's passage.
Panama Accredits Maritime Security Firm
The Panama Maritime Authority has accredited ESC Global Security personnel to offer protection aboard Panamanian-registered vessels, in what is thought to mark the first Private Maritime Security Companies (PMSC) licence issued under the new Panama Administration. During December 2014, a new set of rules including a new licence fee for PMSCs was introduced whereby failure to comply would result in the revocation or suspension of a security company’s operating licence. The new…
First LNG Vessel Transits Expanded Panama Canal
Today, the Panama Canal marked another milestone with the transit of the first-ever liquefied natural gas (LNG) carrier through its expanded locks. Shell-chartered Maran Gas Apollonia—measuring 289 meters in length and 45 meters in beam—arrived Monday from the Sabine Pass LNG Terminal on the U.S. Gulf Coast, signaling the arrival of the highly-anticipated segment to the waterway. “The transit of the first LNG vessel through the new Panama Canal locks is a milestone in the waterway’s history,” said Panama Canal Administrator and CEO Jorge L. Quijano.
AMP Approves New Container Terminal
Panama Maritime Authority Approves New Container Shipping Terminal; Panama Colón Container Port designed to complement newly expanded Panama Canal and rising cargo volumes in Panama. The Panama Maritime Authority (AMP) has granted permits to a private development group for the construction and operation of a new container terminal to be built at the Atlantic entrance of the Panama Canal. Jones Lang LaSalle is acting as development advisor to the project consortium. With an estimated construction value exceeding $USD 600 million, the Panama Colón Container Port (PCCP) is expected to become one of the largest private maritime infrastructure projects in Panama, and the first terminal to be built on freehold land.
Maersk Reroutes Asia - US Service Via Panama
Maersk Line will transform its TP12 service in to a standalone, around-the-world service that provides significantly faster transit times between Far East Asia and the US East Coast. From the Far East to the US East Coast the TP12 service will transit the new Panama Canal locks and call the ports of Newark, Norfolk and Baltimore on the US East Coast. On the return leg to Asia, the TP12 will go through the Suez Canal and call the ports of Salalah (Oman), Colombo (Sri Lanka) and Singapore.
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 the contract bid. ACP Executive Vice President of Engineering and Program Management, Jorge L. Quijano, gave a presentation on the expansion progress and timeline, as well as the contracting process and milestones.
DNV GL Grants AiP for Kawasaki's New MOSS Tank
DNV GL has awarded Kawasaki Heavy Industries, Ltd (KHI) an Approval in Principle (AiP) for its newly developed non-spherical (MOSS) tank. The new tank is a IMO Independent Type B LNG tank that has been developed for use in 180,000 m3 LNG carriers designed to pass through the new Panama Canal. KHI said that the new tank has the same reliability as a spherical (MOSS) tank, but has an increased cargo capacity of 15 per cent. It can also be used with the “Kawasaki Panel System”, an advanced heat insulation system developed by KHI.
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. Expected to be in attendance for the release of “The Economic Impact of Deepening the Mississippi River to 50 Feet” are U.S. Senator David Vitter, Ranking Member U.S. Senate Committee on the Environment and Public Works; Captain Mike Lorino, Big River Coalition Chairman; Sean M.
Valparaíso Express Class: Tailor-made for the New Canal
The new, expanded Panama Canal is set to open soon. Hapag-Lloyd is preparing for the event by optimizing its fleet. Here, we show you what these new ships will look like. The new Panama Canal will usher in a new era in shipping between South America and Europe. Starting soon, huge vessels of the post-Panamax class – capable of carrying up to 14,000 20-foot standard containers (TEU) – will be able to navigate this important trade route. Until now, the upper limit has been just a bit below 5,000 TEU.
President Obama Visits Port of New Orleans, Tours Container Terminal
President Barack Obama toured the Napoleon Avenue Container Terminal and spoke to a crowd of more than 500 on the importance of growing the nation’s economy through increased exports. He highlighted the 60 percent of the nation’s grain that is exported by ports along the Lower Mississippi River from states, such as his home state of Illinois. “Corn and wheat from my home state come down the River, ending up here and going all around the world,” President Obama said. “This is one of the busiest port complexes in the entire world…