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...]
Panama Canal Sets New Daily LNG Record
The Panama Canal Authority says it has reached a new milestone with the successful transit of four liquefied natural gas (LNG) ships with beams of up to 160 feet (49 meters) in a single day through the Neopanamax Locks. With this milestone, the Panama Canal breaks the record set on April 17, 2018, when three LNG vessels transited through the waterway on the same day. The … [Read more...]
Panama Canal Head Expects Fewer China, U.S. Ships if Trade War Escalates
By Elida Moreno PANAMA CITY, Sept 14 (Reuters) - Fewer ships from China and the United States could use the Panama Canal if trade tensions escalate between the two economic giants, but the dip could be offset by grain exports from north Brazil, the head of the organization that operates the waterway said. The canal, which cuts through Panama creating an essential … [Read more...]
Panama and China Kick Off Free Trade Talks With Eye Regional Hub
PANAMA CITY, July 9 (Reuters) - Panama and China opened free trade talks on Monday with the aim of crafting an agreement that could turn the Central American country into a hub for Chinese goods across Latin America. Panama's Minister for Trade and Industry Augusto Arosemena said the first round of talks would last until Friday, July 13, and establish the basis for the rest … [Read more...]