Panama Canal

1,000 Neo-panamax ships crossed the Canal

MSC Anzu hizo el histórico tránsito número 1,000 por el Canal Ampliado.

Less than nine months after the historic inauguration of the Expanded Canal, the Panama Canal announced that it has welcomed its 1,000th Neo-panamax vessel through the waterway, highlighting the importance of the route and customers’ continued faith in the safe, reliable and efficient service the Canal provides.

On Sunday, March 19, the containership Mediterranean Shipping Company’s MSC Anzu made the historic 1,000th transit through the Expanded Canal, heading northbound from the Atlantic to the Pacific […]

Panama Canal to launch State-of-the-Art Vessel System

El nuevo sistema de programación de tránsito y gestión de recursos marítimos.

In response to growing traffic through the waterway, the Panama Canal announced today 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 provides.

“For more than a century, the Panama Canal has enjoyed a proud legacy of innovation,” said Panama Canal Administrator Jorge L. Quijano. “This system will help carry that legacy forward, allowing […]

The biggest container ship crosses the Canal

El Valparaiso Express abre la era de los megabarcos.

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

This passage ushers in a new era of mega-ships that have been able to transit the expanded Canal since its inauguration on June 26 of this year. The new locks, which are 70 feet wider and 18 […]

Canal expansion fails to revert red numbers

El movimiento de contenedores disminuyó 11.8% en el periodo de enero a octubre del 2016.

The Panama Canal expansion has failed to revert the difficult situation that currently faces the country’s shipping sector. This is evident in the red numbers shown by all economic activities which compose it.

The $5,450 million invested so far in the expansion project, the 77 kilometers of the interoceanic waterway, the two set of locks and the Standard & Poor’s good qualification have not been enough to change the slowdown trend in the activities that […]

Panama Canal Records Third-Highest Annual Cargo Tonnage

The Cosco Shipping, the first ship to cross the third set of lock.

At the close of the 2016 fiscal year (FY16), the Panama Canal Authority (ACP) recorded the third-highest annual tonnage in its history, handling 330.7 million Panama Canal tons (PC/UMS).

A total of 13,114 vessels transited the Panama Canal during the fiscal period from October 1, 2015 to September 30, 2016. Of these, 238 were Neopanamax vessels that took advantage of the newly opened Expanded Canal during the first three months of its operation, accounting for […]

Canal expansion vs. low container movement

El Cosco Shipping fue el primer neo-panamax en transitar por el tercer juego de esclusas del ampliado Canal Panamá

By: Lic. Oliver G. Laprea, Master in Foreign Trade and Maritime Services. Panamax@gmail.com

Panama has survived various economic cycles. However, when there is a global economic downturn, the Canal also suffers but in the long turn growth picks up again

Current issues of great importance for the maritime sector are:

The impact of liquefied natural gas on the maritime industry. The implementation of the Ballast Water Convention. The economic effects of the expanded Canal on the […]

Tankers need changes to use expanded canal

El tanquero “Aegean Unity” cruza el Canal ampliado.

The expectation of some oil brokers and intermediaries that the expansion of the Panama Canal opens a new route for VLCCs will take longer than expected to become a reality.

Many ships will require renovations to transit through the new locks, industry specialists say.

The modifications of these huge vessels mainly involves mooring cable bollards that are necessary, because the new locks use tugboats instead of locomotives to guide ships.

Previously only a fraction of […]