More than 105 neo-panamax ships have transited the expanded Canal since its inauguration on June 26, the Panama Canal Administrator, Jorge Quijano said. These transits have generated between $50 and $55 million, but he explained that “not everything is new income, since a large part of panamax vessels have switched to neo-panamax”. He noted that 13% of the transits are new segments such as liquefied natural gas.
The Budget Commission of […]
The Panamanian government is considering rescinding the concession granted to Panama Ports Co., a subsidiary of Hong Kong’s Hutchison Port Holdings (HPH) for breach of the commitments agreed in the contract under law No. 5 of 16 January 1997. This is stated on the web site laverdaddepanamaports.com. The website, created to denounce alleged breaches of the powerful port operator, said that the government’s decision is based on Article 2.14.3, Termination of Contract by the State.
The Panama Canal has launched the “Green Connection Award”, a new environmental initiative to recognize customers who meet and exceed environmental standards established by the International Maritime Organization (IMO) and/or other recognized international standards to help reduce emissions of greenhouse gases.
The Panama Canal will evaluate the eligible candidates based on five specific environmental parameters, which are: the Energy Efficiency Index Design (EEDI) the Environmental Ship Index (ESI) the amount of nitrogen oxides emitted by […]