Brazilian Port Operators Seeking Ways to Reduce Panama Canal Tariffs

By Ana Mano SAO PAULO, April 2 (Reuters) - Brazilian port operators including units of global grain traders Cargill Ltd and Bunge Ltd will unveil a proposal this week to lower Panama Canal tariffs and cut their costs in shipping agricultural commodities to their main market China. They will argue that at current tariffs, shipping grains from Brazil's northern ports via … [Read more...]

Fatigued Tugboat Captains Flag Accident Risk in Expanded Panama Canal

By Elida Moreno PANAMA CITY, Dec 20 (Reuters) - In April last year, the 148-tonne tugboat Cerro Santiago collided with the U.S. Coast Guard vessel Tampa while passing through the Panama Canal after the captain of the tug fell asleep. No one was injured, but the repairs to the Tampa cost $170,000, said a report by the U.S. National Transportation Safety Board, a government … [Read more...]

Panama Canal Sets New Annual Tonnage Record in 2018

The Panama Canal has set a new annual record for the total amount of tonnage that passed through the waterway over the course a fiscal year, recording a total tonnage 442.1 million Panama Canal tons (PC/UMS) in FY 2018. This amounts to a 9.5 percent increase compared to 2017, when 403.8 million PC/UMS passed through the Canal. The figure also surpasses forecasted estimates … [Read more...]

Panama Canal Sets New Annual Tonnage Record

The Panama Canal closed its 2018 fiscal year (FY 2018) with a record tonnage of 442.1 million Panama Canal tons (PC/UMS), marking a 9.5 percent increase from 2017. The total tonnage for the year is greater than the 429.4 million PC/UMS tons forecast for FY 2018, as well as the 403.8 million PC/UMS tons registered in FY 2017. The Panama Canal Authority said the increase … [Read more...]

Panama Canal Expecting 234 Cruise Ships This Cruise Season

The Panama Canal Authority said it expects to receive approximately 234 cruise ships through the Panamax and Neopanamax Locks during the upcoming 2018-2019 cruise season. The first transit will occur on Oct. 5 with the Seven Seas Mariner, on a northbound transit traveling from the U.S. West Coast to the U.S. East Coast. “As the second full cruise season with the Expanded … [Read more...]