The Panama Canal has implemented a 10 knot speed limit aimed at protecting whales, dolphins and other large marine mammals against ship strikes. The speed limit will run from August 1 through November 30 to coincide with seasonal migration periods and in-line with International Maritime Organization's (IMO) annual recommendations on speed and maritime transit aimed at … [Read more...]
Trade War Hits Panama Canal Revenues
By Michael McDonald (Bloomberg) - The trade tension between the U.S. and China is making waves at the Panama Canal. Cargo from the U.S. to China going through the key waterway has slumped this year as the Asian giant cuts its imports of American food and fuel, according to Panama Canal Authority CEO Jorge Luis Quijano. Amid the dispute, Japan has displaced China as the … [Read more...]
Expanded Panama Canal Breaks 15,000 TEU Vessel Threshold
The Panama Canal completed a trial transit of Evergreen’s Triton, the largest ship by dimension and container cargo capacity to pass through the Expanded Canal since it opened in 2016. The Triton has a Total TEU Allowance (TTA) of 15,313, a 20-row beam of 51.2 meters and a length of 369 meters. It transited the canal northbound from the Pacific to the Atlantic Ocean. “We … [Read more...]
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...]
Board Elects New Panama Canal Administrator
The Panama Canal Board of Directors has appointed Mr. Ricaurte Vasquez as the next Panama Canal Administrator, succeeding current Administrator Jorge L. Quijano who will conclude his seven-year term at the helm of the waterway later this year. Mr. Vasquez will take office on September 4, 2019 Vasquez will become the fourth Panamanian Administrator of the waterway shortly … [Read more...]