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
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
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.
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.
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
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
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
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.
Eighty-eight vessels from Qatar bearing cargoes of liquefied natural gas (LNG) used the Suez Canal in 2006. Of these, 74 were bound for Spain, six to France, five to Belgium and three to other destinations, according to Ahmed El Manakhly, Director of the Planning and Research Department at the Suez Canal Authority. With these vessels having a draft of around 40 feet, the Suez Canal would have more than adequate depth to allow them to pass through
Grande Mariner was Stranded on Canal System During 2011 Flooding. The M/V Grande Mariner, a 96-passenger cruise ship that was stranded for more than two months because of flooding in 2011, today returned to the Erie Canal for a new season of cruising America's most storied waterway. The ship, and a sister-ship, M/V Niagara Princes, both owned by Blount Small Ship Adventures in Warren, R.I., was among a handful of ships stranded on the New York State Canal system because of destructive high
Lt. Governor Mead Treadwell delivered the keynote address yesterday at the Arctic Collaborative Workshop in Fairbanks. Treadwell discussed five reasons why Arctic national security should be a national priority: energy development and security, shipping opportunities and safety
Counsel to the U.S. Federal Maritime Commission informs that Commissioner William P. Doyle has recently surveyed the construction site on a visit to the Pacific-side of the expanded Panama Canal. Doyle viewed construction sites on the Pacific side and received extensive updates on several
An alliance of shipping interests and a billionaire car dealer launched a newspaper ad on Monday protesting retired English soccer star David Beckham's plans for a soccer arena at the port of Miami, saying it threatens the city's plans to capitalize on the expansion of the Panama Canal.
Experts from the United States, Latin America and Europe will participate in the second Panama Canal International Maintenance Congress to be held on August 27 – 29, 2014, within the framework of the waterway’s centennial.
The U.S. Department of Commerce approved 52 crude oil re-export licenses in the last six months to destinations other than Canada, the department said on Tuesday. The permits, which were approved between October 2013 and March, include 14 licenses for re-exports to European countries
The liquefied natural gas (LNG) tanker Umm Slal is expected to arrive at Britain's Milford Haven on April 15, according to shipping data on Reuters. The 261,000 cubic metre capacity ship is carrying LNG from Qatar and exited the Suez Canal into the Mediterranean Sea on Monday morning.
From fall 2014 through spring 2015, Holland America Line will offer South America deployment with four ships positioned in the region. The line's ms Statendam, ms Maasdam, ms Prinsendam and ms Zaandam will sail 20 voyages around the continent ranging in length from 14-68 days.
Inchcape Shipping Services (ISS) advised that the St. Lawrence Seaway has now opened for its 2014 season at St. Lambert by accepting the first vessel of the year, the MT Charlotte Theresa, destination Lake Ontario, followed by several Canadian ships.
The US Coast Guard recently issued ‘Marine Safety Information Bulletin 04-14’ (MSI 04-14), which details a number of incidents in which threats and an alleged act of sabotage were perpetrated by Suez Canal Port Authority workers against the crews of ships which refused to provide them
The strike in the Kiel Canal ended at 6 a.m. this morning, March 28, according to a GAC report. At Brunsbuettel, the big south lock chamber and both small lock chambers are back in service, and at Kiel-Holtenau, both big lock chambers and the small north lock chamber old locks are also back in
The Parsons/Halcrow Joint Venture (JV) informs it has been selected by the Roads and Transport Authority (RTA) for the construction supervision of the Dubai Water Canal Project. The JV, whose initial scope of work, awarded in December 2006 was for design
According to a report by GAC, Brunsbuettel locks will be closed due to strike actions at Kiel Canal from 2 p.m. tomorrow, March 27, until 6 a.m. Friday, March 28. At this stage, GAC said it is uncertain if the strike actions at Kiel-Holtenau locks commencing at 6 a.m
According to GAC , vessels with LOA over 125m and/or draft more than 6.5m are currently facing waiting times of up to 12 hours at Brunbuettel before entering the Kiel Canal. The waiting time at Kiel-Holtenau is about 2 hours, GAC said. gac.com
The U.S. Shale Gas Revolution continues to drive orders for some of the world’s largest, most sophisticated tonnage. Mitsubishi Heavy Industries, Ltd. (MHI) received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier
The agreement between the Panama Canal Authority (ACP) and Grupo Unidos por el Canal. S.A. (GUPC) took effect Thursday, March 20 after signature by all involved parties. As announced by the ACP on February 27, the agreement falls within the terms of the contract for the design and construction