The Panama Canal Authority said increased rainfall has permitted an increase in maximum allowable drafts at the canal’s new locks.
18 Jan 2016
The opening of larger Panama Canal locks, already postponed several times by construction delays, has been pushed back again and now is expected early in the second quarter, a canal official said.
12 Jan 2016
Even though the official opening of Panama Canal’s third set of locks is only about four months away, the true impact of the $5.25 billion project on U.S. East and West Coast ports is yet to be determined because of the many factors that affect international trade flows, the vice president of marketing at Manzanillo International Terminals said Monday.
28 Dec 2015
The much-anticipated Panama Canal expansion project is now 96 percent complete, but will not be open to commercial traffic in April as previously reported, according to the canal authority.
18 Dec 2015
Evergreen Group’s Colon Container Terminal in Panama has completed the third phase of an expansion that will allow the terminal to handle the largest ships that will transit the Panama Canal’s soon-to-open larger locks.
02 Dec 2015
The Panama Canal Authority said a contractor has advised it will complete work next month on reinforcement of lock sills that failed tests and raised questions about the planned April opening of the canal’s expansion.
18 Nov 2015
The Panama Canal Authority expects to find out next month whether repair and reinforcement of concrete gate sills can be completed in time to avoid delaying the scheduled April opening of the canal’s historic expansion.
18 Nov 2015
The vessel backlog that’s plagued the Panama Canal since mid-October remains above normal levels, but canal authority officials say wait times are now diminishing since they started taking steps to expedite traffic through the waterway.
12 Nov 2015
Widespread predictions that an expanded Panama Canal will set off a boom in Panamanian transshipments are unlikely to pan out, according to port analyst Asaf Ashar.
04 Nov 2015
Ocean carriers are canceling services and telling some shippers they can expect weeklong delays due to considerable and unexplained congestion through the Panama Canal.
23 Oct 2015
As the strongest hurricane on record in the Western Hemisphere barrels toward Mexico’s Pacific coast, the country’s largest container port has suspended operations, thousands have fled the coastline and the nation is bracing for impact.