Panama Canal News

Panama Canal map

Read news and analysis on the Panama Canal, including discussions of development and reports on tolls and traffic, including ocean carrier strategies involving use of the Panama Canal for all-water service from Asia to the U.S. East Coast.

The Panama Canal Authority is currently much of the way through a multi-year expansion program that involves the construction of two new sets of locks, on the Pacific and Atlantic sides of the canal, to accommodate larger ships. The project also involves the widening and deepening of navigational channels in Gatun Lake, as well as the deepening of Culebra Cut.

For specific updates and insight into the expansion project slated for completion in 2015, readers should also consult the JOC’s Panama Canal Expansion special topic.

Commentary

Canals used to be a sleepy topic. Suddenly, times have changed.

News & Analysis

13 Jun 2017
Average container ship sizes through the Panama Canal have increased by roughly 47.5 percent to 6,000 TEU since the June 26 opening of the Panama Canal’s larger lock.
02 Jun 2017
The Panama Canal Authority plans to implement a reduced toll schedule for Atlantic-to-Pacific backhauls.
08 May 2017
The value of recently shunned Panamax container ships is growing faster than other vessel sizes.
20 Mar 2017
The system will help increase the number of New Panamax ships that can pass through the Panama Canal from an average of five a day at present.
22 Nov 2016
The Panama Canal has overtaken the Suez Canal as the favored transit route for carriers operating services between Asia and the US East Coast following the widening of the Central American waterway.
16 Nov 2016
Scrap another 100 Panamax ships in the next couple of months if there is to be any rebalancing of supply and demand, Alphaliner warns.
14 Nov 2016
More larger ships expected as carrier alliances revise schedules.
20 Oct 2016
The Panama Canal Authority said increased rainfall has permitted an increase in maximum allowable drafts at the canal’s new locks.
17 Oct 2016
The value of second-hand Panamax container ships has plunged by as much as 45 percent.
13 Oct 2016
Container ship transits through the Panama Canal are running well below capacity following its $5.25 billion widening.