Panama Canal News

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

02 Jul 2015
Four new super post-Panamax gantry cranes capable of handling the largest vessels in the world are now en route to Manzanillo International Terminals in Panama.
Panama Canal transit
28 May 2015
The expansion of the Panama Canal early next year will make an enormous quantity of container ship tonnage available for services that transit the canal, wiping away current capacity restrictions that restrict usage to only small and inefficient ships by today’s standards.
20 May 2015
The Suez Canal is scheduled to be wider and deeper by the end of the summer, but the potential savings of time and money for shippers and carriers is not a concern for Panama Canal Authority CEO Jorge Quijano said Wednesday.
18 May 2015
The degree to which the Panama Canal expansion will alter the global cold chain is yet to be determined, but stakeholders are already seeing signs of a rise in business.
01 May 2015
Panama’s cabinet council has approved a request by the Panama Canal Authority to implement volume-based discounts for container ships. The new toll schedule will take effect April 1, 2016.
01 Apr 2015
Officials at the Panama Canal say an “unusual” backlog of vessels on either side of the waterway is likely due to the lingering effects of U.S. West Coast port congestion more than a month after acrimonious labor disputes there came to a close.
30 Mar 2015
Officials at the Panama Canal on Monday were still working their way through a significant vessel backlog after an “unusual” increase in the number of ships awaiting transit began to back up outside the waterway weeks ago.
26 Mar 2015
A year before its scheduled completion of a $5 billion-plus expansion, the Panama Canal Authority is discussing the idea of building even larger locks to allow head-to-head competition with the Suez Canal.
26 Mar 2015
Officials at the Panama Canal are working their way through a significant vessel backlog after an “unusual” increase in the number of ships awaiting transit began to back up on either side of the waterway weeks ago.
19 Mar 2015
The announcement last week by carrier alliances that beginning in late March they will deploy three new all-water services from Asia to the East Coast through the Panama Canal was a dagger to the hearts of West Coast ports besieged by congestion and labor problems.