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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


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


NYK Buys Stake in NY/NJ's Largest Terminal

Photo: NYK

NYK subsidiary NYK Ports, together with Macquarie Infrastructure Partners III (MIP III), has invested in Maher Terminals, which operates a terminal in the U.S. port of New York and New Jersey. On November 16, 2016, NYK Ports acquired a 20 percent share of Maher.  


Four Post Panamax Cranes Arrive in Savannah

Boskalis vessel Teal transports four new ship-to-shore cranes up the Savannah River past historic River Street to Garden City Terminal at the Port of Savannah. Photo Georgia Ports Authority Stephen B. Morton

Four new Super Post Panamax ship-to-shore cranes arrived at Garden City Terminal yesterday, bringing the Port of Savannah's total to 26, more than any other terminal in the U.S.   "For customers, it means the capacity to move up to a thousand containers per hour across a single dock at


JERA Buys First-ever U.S. LNG Cargo

File Image: LNG carrier underway (Credit: Parker Bestobell)

Japan's JERA Co, the world's biggest importer of liquefied natural gas (LNG), on Thursday said it made its first-ever purchase of LNG from the lower 48 U.S. states, as part of its goal to diversify supplies. JERA, a fuel joint venture between Tokyo Electric Power and Chubu Electric Power


Panama Canal, IRPT Sign MoU

Panama Canal Photo Panama Canal Authority

 Inland Rivers, Ports & Terminals (IRPT) has signed a Memorandum of Understanding with the Panama Canal Authority (ACP). This historic event marks the first ever global connection for IRPT. This Memorandum of Understanding is important to all of our inland river ports, terminals


Expanded Panama Canal Welcomes its 500th Neopanamax Transit

Photo: Canal de Panamá

 Less than six months after the inauguration of the Expanded Panama Canal, the waterway welcomed its 500th transit of a Neopanamax ship on Wednesday, highlighting the trust that Canal customers have placed in the route.   Performing the 500th transit was the container vessel YM Unity


‘Mega-ship’ the Largest to Ever Transit the Panama Canal

(Photo: Panama Canal Authority)

The Panama Canal welcomed the largest capacity vessel to-date to transit the Expanded Locks—Hapag-Lloyd's Valparaiso Express, a 10,589 TEU Neopanamax containership built specifically to take advantage of the greater capacity offered by the Expanded Panama Canal.  


Moody's Assigns Panama Canal A2 Rating

Panama Canal Photo Panama Canal Authority

Today, Moody's credit rating agency announced that it has assigned an A2 rating to the Panama Canal Authority (ACP) for its business model, unique geographic advantage, and historically strong operational and financial performance.   Moody's expects this performance to continue into the


Port Everglades to Deepen, Widen Channels

Members of the Broward County Congressional Delegation, local elected officials and community leaders gather for a press conference to celebrate the signing of the Water Infrastructure Improvements for the Nation Photo Port Everglades

The Port Everglades Navigation Improvements Project has received federal authorization for the U.S. Army Corps of Engineers to move forward with deepening and widening the Port's navigation channels as part of the Water Infrastructure Improvements for the Nation (WIIN) Act signed into law December


Delay Averted with Underwater Sterntube Renewal

Photo: Hydrex

Hydrex Underwater Technology has assisted an excavation vessel hemorrhaging oil from a stern tube seal entangled with steel wire to pass safely through the Panama Canal. The 156m long, Dutch-owned vessel was unable to make the canal transit until the propeller shaft seal had been repaired


JERA Imports Japan's First Liquefied Shale Gas Cargo from U.S.

File Image: an LNG carrier (CREDIT: Parker Bestobell)

Japan's JERA Co said on Friday it imported the country's first liquefied shale gas cargo from the United States as part of efforts to diversify its supply.   This also marks Japan's first import of liquefied natural gas (LNG) produced in the contiguous United States


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






 
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