The Panama Canal will increase the number of daily booking slots available for Neopanamax vessels from six to seven as Canal operations become more efficient, the Panama Canal Authority (ACP) has announced. The increased number of daily slots became effective December 1, 2017. With this measure, the Panama Canal is embracing the additional capacity allowed for by the new, … [Read more...]
Panama Canal Authority to Allow Booking Slot Swaps Among Alliance Members
The Panama Canal Authority has announced that it will start allowing the swapping and substitution of booking slots between vessels belonging to the same shipping alliance. Under the new rules, which will go into effect on December 1, 2017, containerships within the same alliance are permitted to swap their reserved transit slots up to five times per booking. Additionally, … [Read more...]
First Ultra-Large Containership Visits U.S. East Coast Ports
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...]