The 14,414 TEU CMA CGM Theodore Roosevelt has set a new record as the largest capacity containership to ever visit the U.S. east coast after calling at the ports of Virginia (Norfolk), Savannah, and Charleston in recent days. After setting a record as the largest ship to pass through the Panama Canal in August, the CMA CGM made its east coast debut at in Norfolk Harbor at … [Read more...]
CMA CGM Theodore Roosevelt Breaks Panama Canal Capacity Record on Way to U.S. East Coast – 14,855 TEU!
The 14,855 TEU capacity CMA CGM Theodore Roosevelt has set a new record as the largest capacity ship to ever transit the new Expanded Locks of the Panama Canal. The Neopanamax containership, which began its voyage from Asia, made its inaugural transit of the Panama Canal on Tuesday as it heads for the U.S. East Coast. The CMA CGM Theodore Roosevelt … [Read more...]
Panama Canal Wins Arbitration Over $193 Million in Expansion Project Overruns
PANAMA CITY, July 31 (Reuters) - The head of the Panama Canal Authority said on Monday a Miami-based arbitration board rejected a demand by Spanish-led GUPC consortium for $192.8 million to cover cost overruns during the building of a third set of locks for the century-old waterway. GUPC or Grupo Unidos por el Canal includes Sacyr SA of Spain, Impregilo of Italy, Jan De Nul … [Read more...]
Panama Canal Does Some Good While Upending Historic Trade Routes
By Jessica Shankleman (Bloomberg) -- Fresh from a $5.25 billion, nine-year expansion that’s upending decades-old trade routes, it turns out the Panama Canal is also doing a little good for the planet. By offering a short-cut to deliver billions of dollars of Asian-made goods to America’s East Coast ports, the waterway has helped its shipping company customers to … [Read more...]
Expanded Panama Canal Marks One Year Since Opening
The Panama Canal is marking the one-year anniversary of the inauguration of the new Expanded Canal, describing the milestone as one of the most significant events in the waterway's 102-year history and a defining moment for the people of Panama and the global maritime industry. Over the past 12 months, the Expanded Canal’s performance has exceeded what was originally … [Read more...]
Southern U.S. Ports Break Records One Year After Panama Canal Expansion
By Rebecca Spalding (Bloomberg) -- Southern ports are experiencing a record foreign trade boom thanks in part to an expanded Panama Canal that permits Asian cargo ships to reach them more easily. Georgia Ports Authority and the Port of Virginia, which include the nation’s fourth and fifth largest ranked by volume, respectively, each moved the most cargo they have ever … [Read more...]
New LNG Tank Designed for Panama Canal Transits Receives Class Approval in Principle
Internatinoal classification society DNV GL has awarded Kawasaki Heavy Industries of Japan an Approval in Principle (AiP) for a newly developed non-spherical (MOSS) tank designed for use in liquified natural gas carriers using the Expanded Panama Canal. The new tank is an IMO Independent Type B LNG tank developed for use in 180,000 cubic meter LNG carriers. KHI says that … [Read more...]