The government of Panama has approved reduced toll rates for container ships transiting the Panama Canal, mindful of the need to stay competitive with the Suez Canal and with carriers ready to see fuel costs jump due to the IMO 2020 low-sulfur mandate.
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Central America
Central America
Press Releases
26 Jul 2019
The Panama Canal on Friday increased from 44 feet to 45 feet the permitted depth of vessels passing through the critical waterway as canal authorities have begun to walk back depth limits introduced over the last seven months due to a lack of rainfall.
12 Jul 2019
The shallow drafts pushed up spot rates on cargo from Asia, although it’s unclear how much was due to reduced loading capacity and how much was used by carrier representatives as simply justification to seek higher rates.
20 Jun 2019
Asian manufacturing shifts and the rising cost of fuel are influencing all-water US East Coast services.
21 May 2019
Container carriers have been altering stowage plans for neo-Panamax ships to mitigate the current draft limits, according to the Panama Canal Authority.
09 May 2019
The first Central American vessel as part of two vessel strings from Seaboard Marine to the US East coast visited Savannah this week, a growing trade lane that has generated a 70 percent increase in imports in Georgia since 2014.
07 May 2019
The Panama Canal Authority (ACP) announced the sixth reduction in its maximum draft this year for the Neopanamax locks on Gatun Lake as water levels continue to fall.
27 Nov 2018
Resurrected by Maersk three years ago as a regional operator, SeaLand has gone global, and the result is SeaLand Americas, SeaLand Asia, and SeaLand Europe and Med. However, the rebrand does not change the three’s operational strategies.
26 Nov 2018
The merits of Caribbean ports’ terminal overbuild depends on one’s stake. It's good news for container lines considering hub options in the Caribbean Basin but bad news for terminal operators seeking to entice them.
30 Oct 2018
The new ILWU president and his team are certified and now face the challenge of rebuilding the image of West Coast ports for labor reliability, as BCOs still remember the labor disruptions of 2002 and 2014-2015.
13 Aug 2018
Sponsored: Craig Mygatt, Sealand CEO, speaks to Mexico-US trade as well as the impact of polyethylene pl
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Sep 26, 2019 2:00PM EDT
