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 […]
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 […]
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 […]
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 […]
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 […]