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About the Panama Canal The canal cuts across the Isthmus of Panama and is a conduit for maritime trade. The Panama Canal amended the prequalification document for a tender for the engineering, design, and construction of an optimized water management system. "We are proud of our team's achievements and the exceptional service they maintain today.". Panama City, Panama, August 11, 2020 - The Panama Canal welcomed the 10,000th Neopanamax vessel through the Expanded Canal on Monday, marking a new milestone for the nearly 106-year waterway and its growing liquefied natural gas (LNG) segment. The Panama Canal Authority (ACP) announced the sixth reduction in its maximum draft this year for the Neopanamax locks on Gatun Lake as water levels continue to fall. LNG Vessel Completes 10,000th Neopanamax Transit at the Panama Canal, The Panama Canal welcomes the milestone transit by SK Resolute days before celebrating its 106th anniversary on August 15. The Panama Canal, built by the United States more than a century ago, has long been a linchpin of projecting influence and defending America’s … Press Releases. The Panama Canal Authority is an autonomous legal entity of the Republic of Panama in charge of the operation, administration, management, preservation, maintenance, and modernization of the Panama Canal, as well as its activities and related services, so that the Canal may operate in a safe, continuous, efficient manner. Seatrade, Panama Ship Registry joins Maritime Anti-Corruption … The Panama Canal Authority may add additional reserved LNG transit slots in the future to address the increase in US exports via the shortest route from the Gulf Coast to the key East Asia import market, the agency said Dec. 4. Hot News. Since the Panama Canal debuted its larger Neopanamax locks in 2016, the three heaviest users have been container ships, liquified natural gas (LNG) … British national among four dead on virus-stricken cruise ship. The system will help increase the number of New Panamax ships that can pass through the Panama Canal from an average of five a day at present. By Kerri Lawrence | National Archives News Enlarge Students March in Protest Panamanian students march to the entrance of the Canal Zone with the Panamanian flag, on January 9, 1964, in protest of not being allowed to have it fly next to the U.S. flag at the Balboa High School. Cosco Shipping Panama on Sunday made the first commercial transit of the Panama Canal’s new locks. "The two historic milestones this week - our 10,000th Neopanamax transit and 106th anniversary - are symbolic. Panama Canal Launches Tender for New Water Management System The Panama Canal Extends Temporary Relief Measures for Customers to End of 2020 LNG Vessel Completes 10,000th Neopanamax Transit at the Panama Canal The Panama Canal Resumes Seasonal Measures to Protect Marine Life and Reduce Emissions The Panama Electoral Tribunal on Monday announced Laurentino "Nito" Cortizo winning the country's presidential election. Panama. News & Advice. Canals used to be a sleepy topic. With draft restrictions already imposed in the waterway’s larger locks due to lack of rain, the Panama Canal Authority is working on plans for a third water reservoir that would help replenish the locks system during dry weather. First draft of the Fourth Bridge project on the Panama Canal. The shallow drafts pushed up spot rates on cargo from Asia, although it’s unclear how much was due to reduced loading capacity and how much was used by carrier representatives as simply justification to seek higher rates. Urban legends about the origins of canal grass in Panama abound, but the Smithsonian has new evidence that puts the question to rest. Read news and analysis on the Panama Canal, including discussions of development and reports on tolls and traffic, including ocean carrier strategies involving use of the Panama Canal for all-water service from Asia to the US East Coast. The Panama Canal, named one of the "seven wonders of the modern world" by the American Society of Civil Engineers, is turning 100. The Panama Canal on Friday increased from 44 feet to 45 feet the permitted depth of vessels passing through the critical waterway as canal authorities have begun to walk back depth limits introduced over the last seven months due to a lack of rainfall. The bridge will have an extension of 3,950 meters, contemplating the length of the cable-stayed bridge and its road system, consisting of access viaducts and interchanges. Container ship transits through the Panama Canal are running well below capacity following its $5.25 billion widening. 2M to shift USEC all-water service from Suez to Panama, East Coast Supporting Investment By Long Beach. Together, they reiterate that the Panama Canal is not only a trusted and reliable service, but also one committed to continued competitiveness and growth," said Panama Canal Administrator Ricaurte Vasquez. ... Panama canal. The Panama Canal authority has put out a call for bids on a $2 billion package of water supply projects aimed at combating a drought that affects the fresh water lakes that supply the canal… Panama Canal News Read news and analysis on the Panama Canal, including discussions of development and reports on tolls and traffic, including ocean carrier strategies involving use of the Panama Canal for all-water service from Asia to the US East Coast. France was ultimately the first country to attempt the task. For more information, please refer to the Canal's website: http://www.pancanal.com or follow us on Twitter @thepanamacanal. Suddenly, times have changed. Extensive resource of Panamanian newspapers for information on local issues, politics, events, celebrations, people and business in Panama, Central America. As a result, the LNG segment now represents 12 percent of transits at the Expanded Canal, surpassed only by container ships with 46 percent and liquefied petroleum gas (LPG) with 25 percent. You are reading this message possibly because you either have disabled (Cascading Style Sheets) or have disabled them in your browser. The Panama Canal has overtaken the Suez Canal as the favored transit route for carriers operating services between Asia and the US East Coast following the widening of the Central American waterway. Japan’s exporters appear to be steadily reducing their reliance on the Suez Canal to reach markets in North and South America. 2019/05/02 16:33:33 The Panama Canal Authority plans to implement a reduced toll schedule for Atlantic-to-Pacific backhauls. Port touts its proximity to distribution centers along Florida's I-4 corridor. The Panama News blog links a Panama-centric selection of other people’s work una selección Panamá-céntrica de las obras de otras personas Canal, Maritime & Transportation / Canal, Marítima & Transporte. Irrational exuberance could result in inflated expectations and overbuilding of transportation infrastructure to the US interior if the cargo volumes don’t materialize. Panama is taking a new -- if somewhat unorthodox — measure to combat the spread of the novel coronavirus: separation of the sexes. The value of recently shunned Panamax container ships is growing faster than other vessel sizes. The idea of creating a water passage across the isthmus of Panama to link the Atlantic and Pacific Oceans dates back to at least the 1500s, when King Charles I of Spain tapped his regional governor to survey a route along the Chagres River. The value of second-hand Panamax container ships has plunged by as much as 45 percent. Hyundai Merchant Marine plans to deploy six ships with capacities of 10,000 twenty-foot-equivalent units on an existing Asia-U.S. East Coast service via the enlarged Panama Canal. The Panama Canal Authority (ACP) requires that ships coming from countries with a confirmed case and with a crew member exhibiting symptoms must notify the ACP at least 30 days before its arrival and of any crew changes within 14 days of arrival. How The Panama Canal Traffic Jam Is Affecting Ocean Shipping Tyler Durden Thu, 12/03/2020 - 13:10 By Greg Miller of FreightWaves, Since the Panama Canal debuted its larger Neopanamax locks in 2016, Maersk Line said it would reroute one of its Suez Canal strings just days before the Panama Canal opened June 26. Drought Threatens Panama Canal August 7, 2020 As World Water Day approaches, we take a look at the threat climate change is posing to the Panama Canal. Canal officials said they're "very pleased" with operations so far. The realization of such a route across the mountainous, jungle terrain was deemed impossible at the time, although the idea remained tantalizing as a potential shortcut from Europe to eastern Asia. The Panama Canal sees COVID-19 accelerating the long-building trends of global container trade becoming more regional. The bridge will have an extension of 3,950 meters, contemplating the length of the cable-stayed bridge and its road system, consisting of access viaducts and interchanges. The Panama Canal’s expanded locks have opened a new path for roll-on, roll-off carriers. The 2M Alliance plans to shift one of their Asia-to-U.S. East Coast services to the newly expanded Panama Canal. The contents of this page are still accessible and is displayed below. The Panama Canal Authority said increased rainfall has permitted an increase in maximum allowable drafts at the canal’s new locks. The opening of the new locks in June 2016 shifted the competitive advantage back to the Panama Canal. The Panama Canal Authority announced today it achieved 475.1 million Panama Canal tons (PC/UMS) in its 2020 fiscal year, which ran October 1, 2019 to September 30, 2020. All rights reserved. Panama Canal expansion will affect shipping — but how? This had led the Neopanamax Locks to see 27 percent of transits and half of total tonnage at the Canal today. The Panama Canal Authority denied that even vessels with booked slots are experiencing delays, saying waiting time has increased only for vessels that arrive without a reservation. More larger ships expected as carrier alliances revise schedules. Editor. Container carriers have been altering stowage plans for neo-Panamax ships to mitigate the current draft limits, according to the Panama Canal Authority. Led by Count F… Cargo volumes through the Panama Canal grew by a less than expected 1% this year as the COVID-19 pandemic took its toll on global trade, the Panama Canal said Monday. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. The Americans were not honoring an agreement that had been reached in 1962 under President John F. It's an 82 kilometer artificial waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean and is a key international trade channel that was possibly one of the most difficult and ambitious engineering projects in history. The Panama Canal has ousted the Suez Canal as the leading route for all-water container services between the Far East and the U.S. East Coast. A long-shot proposal has been floated to build a railroad that supporters say could make it quicker and cheaper to move cargo by land between Mexico’s Pacific and Gulf coasts than the Panama Canal. Copyright ©1998-2020 Panama Canal Authority. Law360 (November 30, 2020, 11:18 PM EST) -- The contractor hired for a more than $3 billion project to expand the Panama Canal is challenging a $240 million arbitral award favoring the canal… The toll changes will be the first since the canal opened new locks in June 2016. LNG began transiting the waterway for the first time following the inauguration of the Expanded Canal in 2016. The latest breaking news, comment and features from The Independent. It often travels between the east coast of the United States and South Korea and Japan, as well as from Chile to the east coast of North America. The Panama Canal has the same number of weekly loops as it did before its expansion. Canal grass is an invasive weed, native to Asia. The larger locks of the Panama Canal open on Sunday, but what impact will they have on global trade and container shipping? Following imposing draft restrictions in four of the last six years, Panama Canal Administrator Ricaurte Vásquez says a new approach is needed since the value of the larger locks, completed for some $5.25 billion in 2016, is for naught if full water draft can’t be guaranteed. Scrap another 100 Panamax ships in the next couple of months if there is to be any rebalancing of supply and demand, Alphaliner warns. Average container ship sizes through the Panama Canal have increased by roughly 47.5 percent to 6,000 TEU since the June 26 opening of the Panama Canal’s larger lock. Editor. SUBSCRIPTION REQUIRED. The Panama Canal is probably the most important man-made waterway on Earth. A U.S. military Black Hawk helicopter flies over the Pacific side of the Panama Canal as it travels to the Darien province to provide humanitarian assistance in … Americas. Enhanced Vessel Traffic Management System - EVTMS, Occupational Safety and Health Requisites, Audit Report - Panama Canal Expansion Program. With significant reductions in voyage time, it has since offered a highly competitive route for U.S. gas deliveries to major Asian importers. Constructed in 2018, the vessel has a cargo capacity of 180,000 m3 and measures 292 meters in length and 47.8 meters in beam. Monday marked the vessel's thirteenth transit through the waterway. The Panama Canal Authority is making operational changes so it can mitigate the effects of low water levels that have previously prevented fully-loaded, larger container ships from traversing the waterway. 2019/05/02 16:43:33 First draft of the Fourth Bridge project on the Panama Canal. Growing daily. In 1979, however, control of the canal passed to the Panama Canal Commission, a joint agency of the United States and the Republic of Panama, and complete control passed to Panama at noon on December 31, 1999. Panama City, Panama, August 11, 2020 - The Panama Canal welcomed the 10,000th Neopanamax vessel through the Expanded Canal on Monday, marking a new milestone for the nearly 106-year waterway and its growing liquefied natural gas (LNG) segment. News & Events. What Panama’s Worst Drought Means for Its Canal’s Future A severe drought this year led to restrictions for the Panama Canal. And looking for holiday information and ideas, as well as accommodation, shopping, bargains and weather then Panamanian newspapers are the place to start. The Recent News Global Shipping Outlook: A Sneak Peek at 2021, Port Performance North America: Managing Cargo Flow During a Pandemic — and Beyond, How B2B Supply Chains Can Deliver New Customer Value with A Continuous Delivery Experience (CDX), Driving Strategic Value Through Outsourcing, JOC Insights: COVID-19 Impacts Freight Transit Times, Panama Canal preps for reduced container growth scenario, Water scarcity driving Panama Canal effort to ensure full drafts, Panama Canal levies fees to mitigate impact of low water levels, Panama Canal draft raised to 45 feet on recent rains, Panama Canal maintains 44-foot draft limit, Panama Canal postpones new draft limits due to rainfall, Panama Canal draft restrictions limiting container ship loadings, Panama Canal warns of sharper El Niño draft limits, Proposed Mexican coastal rail bridge faces steep grade, Japan exporters choosing Panama over Suez routings, Drewry: Panama Canal toll cuts will take time to lure backhauls, Panama OKs new canal tolls aimed at big ships, Panama Canal wins back traffic lost to Suez Canal, New Panama Canal locks accelerating US coastal import shift, Canal proposes lower tolls for New Panamax backhauls, Panamax ship values jump on rising charter rates, Panama Canal aims to double big-ship transits with tech aid, Panama Canal overtakes Suez on Asia-US East Coast route, No escape for Panamax owners as ship redundancies mount, New Panamax ships total 11 percent of canal transits, Used Panamax container ship values plunging, Panama Canal struggles to boost container ship transits, Rosy East Coast port forecasts hinge on more than Panama Canal, Larger Panama Canal no guarantee of more Asian cargo for eastern US ports, Panama Canal provides ro-ro operators flexibility, savings, Canal adds foot to maximum draft of neo-Panamax locks, Tampa hopes new cranes will help draw container lines, 2M service reroute from Suez to Panama to speed US import transits, Panama Canal ousts Suez as top Asia-US East Coast route, Panama Canal expansion spells trouble for Panamax ships, HMM to deploy larger ships on trans-Pacific service calling US East Coast, New Panama Canal locks handle first commercial transit. “Cost, consistency and capacity will determine the gateways through which Asian imports enter the US.". The Panama Canal (Spanish: Canal de Panamá) is an artificial 82 km (51 mi) waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean. Since its inauguration on June 26, 2016, the Expanded Canal not only exceeded traffic expectations, but also reaffirmed its environmental leadership in the maritime industry, prioritizing water savings and contributing to the reduction of CO2, being a shorter route and … This message might be also read on text browsers or non-standards compliant browsers. The recent opening of the expanded Panama Canal is shaking up the deployment pattern of container ships. The Panama Canal is a crucial waterway for cargoes from the US, the fastest growing Liquefied Natural Gas (LNG) supplier, to reach markets in Asia, the biggest consumer. The milestone transit was completed by LNG vessel SK Resolute travelling southbound from the Atlantic to the Pacific Ocean. Panama on Sunday, but what impact will they have on global trade and container?... 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