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.
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.