The Panama Canal Authority has added an additional daily reservation slot to its Neopanamax locks in order to further increase the capacity of the waterway at the demand of shippers.
The one additional booking slot, which is effective immediately, brings the total available booking slots to eight daily.
“The decision to offer additional capacity to shippers was made as a part of the Canal’s routine careful planning and analysis to meet the increased demand at the interoceanic route, inaugurated nearly two years ago,” the ACP said in a press release announcing the changes.
So far in ACP’s fiscal year 2018 (FY18), which began on October 1, 2017, the Expanded Canal has transited 1,183 Neopanamax vessels including containerships, liquefied petroleum gas, liquefied natural gas, dry bulk and more, representing a 39 percent increase in cumulative transits year on year, the ACP reports.
The announcement follows an increase in the maximum allowable beam for vessels transiting the Neopanamax locks, which were announced in April. Effective June 1, the maximum beam for commercial and non-commercial vessels will be 51.25 meters (168.14 feet), up from 49 meters, as measured at the outer surface of a vessel’s shell plate and all protruding structures below the lock walls.
“At the Panama Canal, we are constantly evaluating and optimizing our operations to ensure our service is as efficient and safe as possible for customers across segments,” said Panama Canal Administrator Jorge L. Quijano. “This increase allows us to offer our customers even more flexibility, and was made possible by strategic planning and the experience the Panama Canal team has our accrued in the last two years, especially considering that almost 150 personnel are involved in each transit.”
“The added slot allows shippers greater flexibility and options for booking their desired transit dates,” the ACP said in Monday’s announcement of the new . “The increase was made possible as a result of the efficiencies gained by the Panama Canal’s continued investment into its operations and resources, and due to the ongoing excellence and experience of its employees.”
The ACP is an autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. Its fiscal year runs from October 1 to Septebember.
During FY 2017, the Panama Canal saw a record high 403.8 million Panama Canal tons (PC/UMS) of cargo, representing a 22.2 percent increase in total tonnage from 2016, which the ACP said could be directly attributed to the added capacity provided by the Expanded Panama Canal. During the year, the Panama Canal transited a total of 13,548 vessels, representing a 3.3 percent increase compared to totals the year before.
In April, the ACP said that in FY 2018, the Expanded Panama Canal’s LNG traffic, a new segment for the waterway, is expected to grow by 50 percent compared to FY 2017, increasing from 163 to approximately 244 transits.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 110,162 members that receive our newsletter.
Have a news tip? Let us know.
A Russian Navy frigate equipped with new generation hypersonic cruise missiles has conducted drills in the English Channel and is carrying out tasks in the Atlantic Ocean, Russian news agencies reported on Tuesday.
(Bloomberg) — Chinese lawmakers got a head start on the US election this week as they gathered to vote on the largest fiscal package since the pandemic. But now that...
by Ossian Shine, (Reuters) – Germany’s Red Bandit, skippered by Carl-Peter Forster, was crowned winner of the 45th Rolex Middle Sea Race, becoming the third German yacht to win the prestigious offshore challenge. Following...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 110,162 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
