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

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.
The larger locks of the Panama Canal, pictured, have made it possible to reroute large amounts of cargo destined for the interior United States away from West Coast ports.
19 Sep 2016
Irrational exuberance could result in inflated expectations and overbuilding of transportation infrastructure to the US interior if the cargo volumes don’t materialize.
16 Sep 2016
“Cost, consistency and capacity will determine the gateways through which Asian imports enter the US."
The NYK Iris Leader transits the larger locks of the Panama Canal. Ships move through the new locks with the help of tugs. The old locks rely on locomotives to pull ships through them.
03 Sep 2016
The Panama Canal’s expanded locks have opened a new path for roll-on, roll-off carriers.
08 Aug 2016
Canal officials said they're "very pleased" with operations so far.