The Panama Canal expansion, now 85 percent complete, hit a milestone with the installation of the first gate in
19 Jan 2015
Panama transshipment activity is expected to jump by double digits after the new Panama Canal locks open in 2016 and will be followed by longer-term annual growth of about 5 percent, Drewry Maritime Research said in the latest issue of its Container Insight Weekly.
07 Jan 2015
An international arbitration panel ruled that the engineering consortium that is building the Panama Canal’s third set of locks has the right to seek payments from the Panama Canal Authority agency for $233 million of the $463 million in cost overruns it's claiming for cement and aggregate.
07 Jan 2015
The new toll structure on container ships proposed by the Panama Canal Authority could produce significant reductions in toll costs for carriers deploying the larger post-Panamax ships that will be able to pass through the expanded locks.
06 Jan 2015
The Panama Canal Authority released proposals for a new toll structure that it has been reviewing with various industry segments for the last year.
05 Jan 2015
The Panama Canal Authority recently cleared the way for building a big new transshipment port at Corozal near the Pacific entrance of the canal that is expected to boost traffic once the current expansion project is completed in early 2016.
16 Dec 2014
The installation of new gates at a Panama Canal expansion site will bring the project to 84 percent of completion ahead of an estimated early 2016 opening date, the canal authority says.
25 Nov 2014
The International Transport Workers' Federation is battling with the Panama Canal Authority, accusing the PCA of trying to shut down a tugboat captains' union in advance of the canal's expansion.
21 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
16 Nov 2014
The Panamanian government is keen to convince global terminal operator DP World to expand its footprint and help the country become an even larger transhipment hub when the expanded Panama Canal opens in early 2016.
12 Nov 2014
The final shipment of gates for the new locks of the expanded Panama Canal arrived today, bringing the project that will allow for the passage of bigger vessels into its final stages.