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 US East Coast.

Commentary

Canals used to be a sleepy topic. Suddenly, times have changed.

News & Analysis

14 Jun 2016
A new Panama Canal container route to the U.S. Gulf from Asia will replace and build on an intermodal rail service that Maersk Line launched via Mexico.
07 Jun 2016
The Panama Canal Authority will determine whether its third set of locks where leaks were found are functional.
06 Jun 2016
The Suez Canal has extended and deepened discounts to container lines.
25 May 2016
Port Miami Director Juan Kuryla and JOC Senior Content Editor Alessandra Barrett talk on the sidelines of the 16th TPM Conference about Port Miami’s efforts to prepare for the expanded Panama Canal.
23 May 2016
At the 16th TPM Conference JOC Senior Content Editor Alessandra Barrett and Norfolk Southern Railway Director of International Intermodal Randy Bayles discuss how the expansion of the Panama Canal has impacted how NS serves ports on the U.S. East Coast and the challenges presented to intermodal rail providers by container surges from mega-ships.
20 May 2016
The Panama Maritime Authority has reached an agreement with a Chinese consortium on Panama's first post-Panamax capable container terminal.
18 May 2016
JOC Senior Content Editor Alessandra Barrett and Florida East Coast Railway President and CEO Jim Hertwig sat down at the 16th TPM Conference to chat about the impact of the expanded Panama Canal on Florida ports and transport firms, the FECR’s new e-commerce platform, and the future of shipping refrigerated products in South Florida.
05 May 2016
APM Terminals, Terminal Link, Terminal Investments Ltd , and PSA International have pre-qualified to bid on a proposed container terminal at Corozal, according to the Panama Canal Authority. Mitsui O.S.K Lines, Manzanillo International Terminal and Ports America were were not approved.
19 Apr 2016
Container lines can reserve transits for vessels of up to 14,000 twenty-foot-equivalent units through the Panama Canal, providing carriers with the ability to gain greater economies of scale, which may or may not be passed onto shippers.
24 Mar 2016
The Panama Canal Authority said its new locks will be inaugurated June 26, more than two years after the original completion target.
22 Mar 2016
The Panama Canal Authority will set draft restrictions on shipping using the vital east-west waterway as the El Nino weather phenomenon causes water levels to fall well below average for this time of year.
22 Feb 2016
The Panama Canal Authority warned that the El Nino weather phenomenon could result in draft restrictions on the waterway as soon as April.
09 Feb 2016
The Panama Canal cast fresh doubt on the planned Nicaragua canal on Monday, saying there isn’t enough cargo to support two canals, that the price tag is far above what Nicaragua says it will cost and that necessary tolls to pay for it would need to be three times what the Panama Canal charges today.
25 Jan 2016
The Panama Canal Authority is shooting to open its third set of larger locks that can handle post-Panamax ships in May, but it doesn’t expect the larger locks to attract new services for several months.
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.
21 Jan 2016
When the Panama Canal’s third set of larger locks open to commercial traffic this spring, the massive expansion project will be more than a year and a half behind the original target date of October 2014 and an estimated $150 million over the $5.25 billion budget set 10 years ago.
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.
14 Jan 2016
The world’s fifth-largest container line, Hapag-Lloyd, expects no major tonnage changes on all-water container services through the Panama Canal before the end of this year.
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.
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.
25 Nov 2015
Work on the nearly complete expansion of the Panama Canal was affected this week by a 24-hour national strike by a construction workers’ union protesting alleged court corruption and a possible increase in the nation’s retirement age.
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.
12 Nov 2015
Widespread predictions that an expanded Panama Canal will set off a boom in Panamanian transshipments are unlikely to pan out, according to port analyst Asaf Ashar.
10 Nov 2015
Nearly a month after a queue of ships began to mount on either side of the Panama Canal, canal authorities say they are now taking steps to expedite the traffic, decrease transit times and reduce the current backlog of vessels.
Panama Canal
16 Sep 2015
Volume-based toll reductions for container lines that regularly deploy large vessels through the expanded Panama Canal will make the canal route from Northeast Asia to the U.S. East Coast highly competitive with West Coast and Suez Canal routings, a Panama Canal Authority executive said.
12 Aug 2015
Construction workers building the Panama Canal’s third set of locks have called off a threatened strike after winning a pay increase from the construction consortium at the helm of the project.
11 Aug 2015
The $5.25 billion Panama Canal expansion project may face a fresh setback if construction workers building the third set of locks follow through with their threat to strike.
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.