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panama-canal

Panama Canal reports record tonnage in FY21

The Panama Canal began its Fiscal Year 2022 (FY22) at the start of October, marking the end to a year of record-breaking traffic at the waterway and global supply chain disruptions worldwide.The Panama Canal saw record tonnage in 2021 fiscal year (FY21). Between October 2020 and September 2021, 516.7 million Panama Canal tons (PC/UMS) passed through the waterway, carried mainly by containerships (184.3 million PC/UMS tons), as demand for consumer ... [+]

Panama Canal expands Neopanamax Locks

Ahead of the fifth anniversary of its expansion, the Panama Canal has increased the maximum allowable length for vessels transiting the Neopanamax Locks. Since May 21, the maximum length overall (LOA) for commercial and non-commercial vessels acceptable for regular transits of the Neopanamax Locks is 1,215 feet, up from 1,205 ... [+]

Panama Canal Helps Save the Planet

By offering a shorter route for ships, the Panama Canal contributed to a reduction of more than 13 million tons of carbon dioxide (CO2) equivalent emissions in 2020, in comparison to the most likely alternative routes. These savings are equivalent to the greenhouse gas emissions of 2.8 million passenger vehicles ... [+]

Panama Canal Administrator’s Year End Remarks:

A Legacy of Resilience and Action to Benefit our Customers, Country, and World This month marks the close of the Panama Canal’s 21st year under Panamanian administration. Looking back, our resilience this year attests to the experience and world-class workforce built over the decades. Despite facing new challenges in 2020, we ... [+]

Panama Canal Supports WEF and UNICEF Charter

The Panama Canal’s Administrator Ricaurte Vásquez Morales accepted an invitation to join the World Economic Forum’s Supply Chain & Transport Industry Action Group (SCT) efforts to achieve globally inclusive, safe and sustainable distribution of COVID-19 vaccines. This charter affirms the transportation industry’s commitment to unite the public and private sectors with ... [+]

Panama Canal Amends Tender

The Panama Canal amended the prequalification document for a tender for the engineering, design, and construction of an optimized water management system. The decision comes after receiving more than 250 potential bidder inquiries following the opening of the prequalification period on September 7. This tender is the first component of a ... [+]

Panama Canal Reboots Decarbonization

In July, the Panama Canal joined virtual informal talks organized by the International Maritime Organization (IMO). Although focused specifically on short-term measures for reducing GHG from ships, the discussions brought momentum back to the broader, industry-wide efforts around the decarbonization of shipping. These milestones, combined with recent industry announcements, not ... [+]

Panama Canal Secures Steady Draft, Operational Reliability Following Water Measures

Earlier this year, the Panama Canal implemented water saving measures after experiencing the fifth driest year at the Canal in 70 years. Thanks to the long-standing partnership with our customers and their flexibility to adapt to these measures, the Panama Canal has now emerged from its dry season equipped ... [+]

Panama Canal Implements Temporary Relief Measures

To help mitigate the economic impact of the COVID-19 pandemic, the Panama Canal announced a temporary adjustment to its reservation system that will provide customers with added flexibility and relief. Effective May 4, 2020, the waterway will implement temporary changes to the requirements for the placement of booking guarantees and ... [+]

Panama Canal Closes 2019 Fiscal Year with Record Tonnage

The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018. With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as the record tonnage of 442 ... [+]

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