Panama Canal

Fitch Ratings confirms “A” rating of the Panama Canal

For the fourth consecutive year, the risk rating agency Fitch Ratings confirmed the “A” investment grade rating with a stable outlook as a long-term debt issuer on the Panama Canal bonds.

The credit rating agency stressed that the waterway is “an asset that is critical, not only for Panama, but also for international trade, as evidenced by its stable performance in terms of cargo volume, solid competitive position and the diversified cargo mix of the […]

Panama Canal, 105 years of uniting the world

Since its opening in 1914, this marvel of engineering has shortened the distance between the Atlantic and Pacific oceans. Today, with the third set of locks, it has become capable of allowing the transit of the massive neopanamax ships.

The canal cuts across the Isthmus of Panama for 82 kilometers and is a conduit for maritime trade. Canal locks are at each end to lift ships up to Gatun […]

The Canal looks for water sources

Climate changes, el Niño phenomenon, deforestation and human pressure are jeopardizing the hydric resources of the Panama Canal. The interoceanic waterway depends on water to keep functioning and it is imperative to find ways to find and preserve this vital liquid.

The Panama Canal Authority (ACP) took the decision in May this year to impose new draft restrictions on ships crossing the locks and required them to carry less […]

The incredible expanded Panama Canal

Las nuevas esclusas han permitido el tránsito de megabarcos.

By Marijulia Pujol Lloyd

The expanded Panama Canal celebrates its third anniversary on June 26, 2019. Since its completion it has become a green route that is commonly used by shipping companies that send their mega ships through this waterway.

The construction of a third set of locks is the biggest endeavour undertaken by Panama since the inauguration of the original Canal in 1914.

The project […]

Japan grants Quijano the Order of the Rising Sun

La entrega se hizo durante una recepción en Panamá conmemorativa al natalicio de Su Majestad Imperial, el Emperador Akihito.

Panama Canal Administrator Jorge L. Quijano has been awarded the Order of the Rising Sun, Golden and Silver Star, by the Government of Japan.

Established in 1875, the distinguished honor is bestowed by the Japanese Government upon individuals who make exemplary achievements in international relations, promoting Japanese culture, improving social welfare, environmental preservation or the advancement of their own respective field. Mr. Quijano was recognized for his service in strengthening relations through trade and global […]

Study considers Panama Canal tug safety

Seguridad de los barcos remolcadores fue revisada por TMG.

Tug operations were put under scrutiny by an article published in the Maritime Journal and written by Peter Barker. For many months the tug boats captains have complained about the working conditions and other problems related to the safety of the vessels crossing the Panama Canal.

An A-list team of international experts led by The Maritime Group International (TMG) has delivered a review of tug operations in the newly expanded Panama Canal.

The canal’s capacity […]

Panama Canal recovers traffic

El tránsito de barcos por el Canal ha aumentado.

As of August 2017, 9,217 vessels crossed the Panama Canal, 6% more than last year, when traffic reached 8,693 vessels, according to the Statistics and Census Institute of the Comptroller’s Office.

The recent expansion of the third set of locks, inaugurated on June 26, 2016, impacted on this result.

So far this year, there has been an increase of 524 vessels that have crossed the Canal, that is, 6% higher, driven by the transit of […]