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

container ship squeeze through Miraflora locks at Panama Canal
23 Feb 2015
The Panama Canal Authority is setting its sights on retaining the increase in container volumes from Asia to the U.S. East and Gulf Coast ports it gained in recent months, thanks to shippers diverting cargo from congested West Coast ports.
05 Feb 2015
Workers on Thursday installed the first of more than 1,000 concrete roadway segments that will provide the Bayonne Bridge with a roadway high enough to accommodate larger ships at container terminals in the Port of New York and New Jersey.
02 Feb 2015
When Panama wanted to expand its canal it sought the permission of its citizens through a referendum in 2006 that showed overwhelming approval for the $5.25 billion project. In contrast, Nicaragua allowed a Hong Kong-based company to begin construction in December with no referendum, and is seeing violent resistance to the project, said Panama Canal Authority CEO Jorge L. Quijano.
20 Jan 2015
The Panama Canal expansion, now 85 percent complete, hit a milestone with the installation of the first gate in
19 Jan 2015
Panama transshipment activity is expected to jump by double digits after the new Panama Canal locks open in 2016 and will be followed by longer-term annual growth of about 5 percent, Drewry Maritime Research said in the latest issue of its Container Insight Weekly.
Nicaragua piggybank
27 Dec 2014
The Central American canal projects continue to generate questions over funding — where it will come from in the case of the proposed Nicaraguan plan, and where it is going in the Panama Canal upgrade.
16 Dec 2014
The installation of new gates at a Panama Canal expansion site will bring the project to 84 percent of completion ahead of an estimated early 2016 opening date, the canal authority says.
25 Nov 2014
The International Transport Workers' Federation is battling with the Panama Canal Authority, accusing the PCA of trying to shut down a tugboat captains' union in advance of the canal's expansion.
Nicaragua Canal route map
21 Nov 2014
Construction on the controversial Nicaragua canal linking the Atlantic and Pacific oceans will begin on Dec. 22 on the Pacific side, according to the government officials.
16 Nov 2014
The Panamanian government is keen to convince global terminal operator DP World to expand its footprint and help the country become an even larger transhipment hub when the expanded Panama Canal opens in early 2016.