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Panama Canal Sets New Tonnage Record

Panama Canal Authority Administrator/CEO Jorge Luis Quijano.

The Panama Canal set a mark in its history as it reached a new tonnage record of 333.7 million Panama Canal tons (PC/UMS) during fiscal year 2012 which concluded on September 30.  This achievement highlights the value of Panama and its significance as a link in the chain of global trade.   "This milestone attests to the reliable and continuous service offered by the Canal, which is supported by a workforce of 10,000 men and women. The Panama Canal works tirelessly to provide its customers with first-rate service, including new products and services in response to their evolving shipping and maritime needs," said Panama Canal Authority Administrator/CEO Jorge Luis Quijano.   Preliminary figures showed that the Panama Canal closed fiscal year 2012 with 333.7 million Panama Canal tons (PC/UMS).  This figure represents an increase of 11.6 million Panama Canal tons or 3.6% compared to the 322.1 million tons registered last year, and also surpasses the previous 2007 record of 312.9 million tons.  (Under PC/UMS, a mathematical formula is applied to the vessel´s total volume or cargo carrying capacity).   PC/UMS tonnage during the most recent fiscal years of the Panama Canal:     FY PC/UMS (in millions):   2002 235.1 2003 242.7 2004 266.9 2005 279.3 2006 297.8 2007 312.9 2008 309.6 2009 299.1 2010 300.8


America’s First Marine Highway Comes Back to Life

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The New York State Canal System, once forgotten as a commercial shipping option, is on the rise again, after years of decline. The shorter, greener and smarter route(s) make increasingly good sense for high value cargoes. Commercial utilization of America’s original superhighway – the Erie Canal – is on the rise again in recent years after years of decline. The third generation of the famed Erie Canal – the “Barge Canal” was constructed between 1905 and 1918


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


Panamanians Vote Yes for Canal Expansion

The voting began on Sunday morning, where the enthusiasm and energy was apparent as each voter played their part in this historic event that determined the direction and future of the Canal and Panama. By law, expansion, or the “third set of locks project,” must be put to a vote in a popular referendum. The Panama Canal Authority (ACP) presented its formal proposal to the Panamanian government in April. In the end, 78 percent voted for expansion, as of 9:30 p.m. EDT.


200 Years of Erie Canal History

April 2011 marks the 200th anniversary of the key decisions for the construction of the Erie Canal, a monumental public works project that transformed the economy of New York State.   Two centuries ago, on April 8, 1811, the state Legislature approved a measure that set into motion the construction of the Erie Canal. This followed the delivery of a report on March 2, 2011 of a report by the original Commission.  


Panama Canal To Be Run As Business After Handover

The Panama Canal will be run as a competitive business for the benefit of the Panamanian people after it reverts to national control at year's end, the waterway's administrator said. "The Canal was run before on a break-even concept, like a public utility," Panama Canal Commission (PCC) administrator Alberto Aleman Zubieta told a lunch for members of the American Chamber of Commerce. "But it will be run on the corporate concept of profitability ... for the 2


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


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


Plans in Place for New Suez Canal

A containership transits the Suez Canal (Photo courtesy of the Suez Canal Authority)

Egypt has unveiled its plan to build a new Suez Canal alongside the existing 145-year-old waterway, and digging is already underway, GAC reported in its daily Hot Port News report. The project will see the creation of a new canal parallel to the old one, with the same depth and width, creating a two-way waterway. The existing Canal is already double-sided in some parts, and the new project will extend this to allow the transit of ships in both directions.


Panama Canal Authority Proposes New Pricing Structure

The Panama Canal Authority released a formal proposal to change its pricing structure to move toward a market-oriented business model that allows for greater customer service and continual improvements to the Canal. As global trade continues to expand, the shipping industry has evolved significantly and the Canal's 90-year-old pricing structure needs to be changed to meet the increasing demands of a dynamic market place.


Panama Canal Receives Third Shipment of Gates for Expansion

Photo: Panama Canal Authority

The third shipment of four gates for the new locks of the Panama Canal Expansion has arrived to the Atlantic entrance of the waterway, the Panama Canal Authority announced The four gates arrived Sunday on board the Post-Panamax vessel Xia Zhi Yuan 6 owned by COSCO Ocean Shipping


Panama Canal's JIT Transit Service Modified

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  The arrival time for vessels that have been awarded a JIT (Just-in-Time) Transit Service at Panama Canal will be determined based on the conditions listed below, and not the time the vessel arrives at the sea buoy at either terminal of the Canal.


Kiel Canal Lock Closure for Maintenance

  The Kiel-Canal Authorities advise that the New Big South Lock Chamber at Brunsbuettel will be out of service for maintenance during the hours between 0700 and 1600 from 8 September to about 11 September. (For information about operations in Germany contact the GAC UK Hub Agency Centre


Maritime, Transportation & Petrochemical Leaders see Bright Future

Janiece Longoria, Charmain Port of Houston Authority

   Leaders from the petrochemical, maritime, logistics and transportation industries delivered robust economic forecasts for the Houston Ship Channel region during the 5th annual Economic Alliance Houston Port Region Petrochemical & Maritime Outlook Conference held at the Pasadena


MN 100: MetalCraft Marine Inc

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583 East Broadway Cape Vincent, NY 13618 Telephone: 613-542-1810 E-mail: info@metalcraftmarine.com Website: www.metalcraftmarine.com CEO/President: Tom Wroe Number of Employees: 150 The Company: MetalCraft Marine Incorporated is a fully integrated designer and manufacturer of custom high


Suez August Revenue Tops Record

File Photo: Tanker in Suez Canal.

Revenues from Egypt's Suez Canal reached $508 million in August, the highest monthly level in history, Suez Canal Authority Chairman Mohab Mamish said on Wednesday. The official Mena news agency quoted Mamish as saying that 2014 was set to be a record year for revenues from the waterway


Suez Canal 5-Year Investment Promises 12%

Suez Canal transit: File photo

Banque du Caire received Suez Canal investment certificates on Tuesday, according to an official source at the bank, and the certificates will probably be available for the public by Thursday or at the beginning of the next week, reports 'Daily News Egypt'.


Panama Canal Infrastructure to be Valued by VRC

Panama Canal: File photo

Leading provider of independent valuations, Valuation Research Corporation (VRC) says it has been engaged by the Panama Canal Authority to value the locks, dams, power plants and other structures of the canal for insurance purposes. This is VRC’s second valuation engagement with the


Panama Canal Generates VER Carbon Credits

Forest plantlings: Image ACP

The Panama Canal Authority (ACP) informs it has certified Verified Emission Reductions (VERs) or carbon credits, within the framework of the Sustainable Forest Cover Establishment Project in the Canal Watershed. The VERs are available under the financial service provider MARKIT Registry


Panama Canal Opens 2nd Maintenance Congress

The Panama Canal Authority (ACP) opens today the Second International Maintenance Congress with the participation of 26 international and six local experts to promote reliability and sustainability in business practices, based on a maintenance culture.


Panama Canal: The Billion Dollar Challenge

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Panama Canal expansion will cost operators, insurers As the Panama Canal prepares to celebrate its 100th anniversary, insurers are warning of the increased risks that will arise from the plan to double the cargo-carrying capacity of the world’s most famous canal.


Suez Canal July Revenue at $482 mln

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Revenue from Egypt's Suez Canal rose by 8.6 percent in July to $482.2 million from $443.9 million in June, Egypt's state information portal said on Monday. The waterway, the fastest shipping route between Europe and Asia, is one of Egypt's main sources of foreign currency.


Parsons Wins Dubai Water Canal Project

Rendering Dubai Water Canal: Photo Dubai Govt.

Engineering, construction, technical, and professional services provider, Parsons, says it has been awarded a contract by the Roads and Transport Authority (RTA) to perform infrastructure design services for the Dubai Water Canal Project.


Panama Canal Traffic Situation for August / September

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  It is advised that there will be average traffic delays in Panama Canal. The projected queue as of 24:00 hours on August 23 is 48 vessels. IMPORTANT: The Panama Canal invoked booking Condition 2 for the duration of Miraflores locks lane outage Aug. 26-Sep


DoD Awards US$117-M New Orleans Dredge Contract

Florida Canal Floodwall: Photo Wiki CCL

The US Department of Defense informs that it has awarded Boh Bros. Construction Co., LLC, New Orleans, Louisiana, a US$116,956,672 firm-fixed-price contract with options for the Southeast Louisiana Urban Flood Control Project's widening of the Florida Avenue Canal, Phase II and III, Orleans Parish






 
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