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 feet.The increase means that now 96.8% of the world’s fleet of containerships can transit the Panama Canal, shortening routes and ... [+]

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 ... [+]

Dr. Ricaurte Vásquez Morales Takes Office as Panama Canal Administrator

Ricaurte Vásquez Morales, Ph.D., an economist with more than 30 years' experience in the public and private sector, was sworn-in as the new administrator of the Panama Canal for a seven-year term at the helm of the waterway, shortly before the Canal celebrates its 20th year under Panamanian administration on ... [+]

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