The 13,000 TEU containership COSCO Development has completed its inaugural visit to the U.S. East Coast underscoring the arrival of the 'big ship era' following the opening of the Panama Canal Expansion. The MV COSCO Development made history as the largest ship to ever visit the east coast of the United States when it called at ports of Virginia, Savannah, and … [Read more...]
COSCO Development Sets Record as Largest Ship to Use Panama Canal Expansion
The Panama Canal on Tuesday welcomed the largest vessel to transit through the Expanded Canal since its inauguration in June 2016. The 13,092 TEU Neopanamax containership COSCO Development, measuring 366 meters in length and 48.2 meters in beam, is sailing from Asia and will soon become the largest ship to arrive on the U.S. East Coast when it calls at several ports there … [Read more...]
First Cruise Ship Through Expanded Panama Canal
The Panama Canal over the welcomed its first passenger vessel, the Disney Wonder, through the new and larger locks of the expanded canal. The milestone is the latest 'first' since the opening of Expanded Panama Canal in 2016. The Disney Wonder's transit on Saturday, April 29, marks the first time a passenger vessel has used the new locks. During the 2016-2017 cruising … [Read more...]
China State Firms Eye Infrastructure Projects Around Panama Canal
By Brenda Goh SHANGHAI, March 27 (Reuters) - Chinese state firms have expressed an interest to develop land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China's outward push into infrastructure via railways and ports around the world. The Panama Canal Authority will officially open a tender to develop about 1,200 … [Read more...]
Shell Gets Access to Key Oil Hub in Panama -Sources
By Elida Moreno and Marianna Parraga PANAMA CITY/SAN ANTONIO, March 22 (Reuters) - Royal Dutch Shell agreed to lease capacity at a large oil terminal in Panama that has been used by U.S. refiner Tesoro Corp , sources involved in the deal told Reuters, gaining much-needed storage for its crude operations. The facility, designed for storage and transshipment of oil, is … [Read more...]
Panama Canal Sets Back-to-Back-to-Back Tonnage Records
The Panama Canal set yet another daily tonnage record in February 2017 with a total of 1,180 vessel transits totaling 1.18 million Panama Canal tons (PC/UMS). The previous record was established the month prior in January 2017 when the Canal recorded a daily tonnage average of 1.16 PC/UMS. The daily tonnage average accounts for vessels transiting through both the original … [Read more...]
Panama Canal Sets Monthly Tonnage Record
The Panama Canal set a new monthly tonnage record in January 2017 with 36.1 million Panama Canal tons (PC/UMS) and 1,260 ships transiting through both the Expanded and original locks. The previous record was established the month prior, in December 2016, when 1,166 ships transited the waterway for a total of 35.4 million PC/UMS. Prior to the inauguration of the Expanded … [Read more...]