The Panama Canal Authority said increased rainfall has permitted an increase in maximum allowable drafts at the canal’s new locks.
18 Oct 2015
Charter rates are dropping fast for post-Panamax ships because of low demand, with rates for some midsize vessels dropping to 2013 levels.
07 Oct 2015
Panama Canal Administrator Jorge Quijano has assured shipping leaders that the canal’s new, larger locks should open on schedule by April, despite concerns that the opening would be delayed by leaks in one of the locks’ concrete sills.
06 Oct 2015
Container volumes at Panama’s ports totalled just over 4 million 20-foot-equivalent units during the first seven months of this year, up by 4.4 percent from the same period last year.
05 Oct 2015
The Panama Canal Authority is not only focused on expanding the waterway itself, but also on synergistic ancillary ventures that render the entire system more attractive.
01 Oct 2015
Repairs to the Panama Canal's new locks will be more extensive than previously indicated, and the date for their completion is uncertain.
24 Sep 2015
Cracks in a sill of one of the new Panama Canal locks is “likely” to risk a delay in the scheduled April 2016 opening of the new locks, a Panama Canal Authority executive told Reuters.
02 Sep 2015
Panama Canal officials have said it will take one month to repair leaks discovered in locks for the Pacific side, but warned El Nino is a bigger threat to the canal’s operations.
29 Aug 2015
Rainfall has eliminated the need for a planned draught restriction of up to 39 feet through the Panama Canal.
12 Aug 2015
Construction workers building the Panama Canal’s third set of locks have called off a threatened strike after winning a pay increase from the construction consortium at the helm of the project.
12 Aug 2015
The expansion of the Suez Canal and the reduced draft for ships transiting the Panama Canal won’t immediately impact the rival waterways’ shares of Far East-U.S. East Coast traffic, according to Alphaliner.