Behind the new services are surging volumes of key commodities.
22 Jan 2016
The Panama Canal Authority is betting its future on more than a third set of massive new locks that can handle post-Panamax ships and attract more container services. It is counting on construction of a large new container terminal that will serve as a transshipment hub for North and South America and the creation of a new logistics zone along the canal that will attract assembly and light manufacturing activity.
18 Jan 2016
The opening of larger Panama Canal locks, already postponed several times by construction delays, has been pushed back again and now is expected early in the second quarter, a canal official said.
12 Jan 2016
Even though the official opening of Panama Canal’s third set of locks is only about four months away, the true impact of the $5.25 billion project on U.S. East and West Coast ports is yet to be determined because of the many factors that affect international trade flows, the vice president of marketing at Manzanillo International Terminals said Monday.
28 Dec 2015
The much-anticipated Panama Canal expansion project is now 96 percent complete, but will not be open to commercial traffic in April as previously reported, according to the canal authority.
18 Dec 2015
Evergreen Group’s Colon Container Terminal in Panama has completed the third phase of an expansion that will allow the terminal to handle the largest ships that will transit the Panama Canal’s soon-to-open larger locks.
07 Dec 2015
Crowley is continuing its investments in its U.S.-Caribbean-Latin American services, adding 400 new refrigerated cargo containers to its fleet servicing the region.
02 Dec 2015
The Panama Canal Authority said a contractor has advised it will complete work next month on reinforcement of lock sills that failed tests and raised questions about the planned April opening of the canal’s expansion.
26 Nov 2015
Construction on the $50 billion Nicaragua canal has been delayed again and work will not begin until late 2016, according HKND Group, the Chinese company with exclusive rights to build and operate the waterway.
18 Nov 2015
The Panama Canal Authority expects to find out next month whether repair and reinforcement of concrete gate sills can be completed in time to avoid delaying the scheduled April opening of the canal’s historic expansion.
18 Nov 2015
The vessel backlog that’s plagued the Panama Canal since mid-October remains above normal levels, but canal authority officials say wait times are now diminishing since they started taking steps to expedite traffic through the waterway.