Extended Drought Forces Panama Canal to Adopt New Fees and Reduce Reservation Slots

The Panama Canal will reduce the number of available reservation slots and introduce new fees as part of a series of measures to sustain water levels and ensure reliability of the waterway following years of drought. The Panama Canal Authority on Monday announced the changes as part of a short-term plan to sustain minimum water levels for both the Panamax and new Neopanamax … [Read more...]

Revitalised Panama Canal Eyes Expansion of Port and Logistics Capacity

By Gavin van Marle in Panama (The Loadstar) - Following a strong year in terms of growth in vessel transits, the Panama Canal Authority is once more turning its attention to building port capacity as well as new zones for increased logistics activity. In the keynote speech at this week’s TOC Americas Container Supply Chain event, authority administrator and chief … [Read more...]

Panama Canal Increases Daily Number of Neopanamax Vessel Slots as Efficiency Improves

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...]