panama-canal
Earlier this year, the Panama Canal implemented water saving measures after experiencing the fifth driest year at the Canal in 70 years. Thanks to the long-standing partnership with our customers and their flexibility to adapt to these measures, the Panama Canal has now emerged from its dry season equipped to ensure a competitive draft, and thus steady operations for months to come. Having an operational level of water and ...
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To help mitigate the economic impact of the COVID-19 pandemic, the Panama Canal announced a temporary adjustment to its reservation system that will provide customers with added flexibility and relief.
Effective May 4, 2020, the waterway will implement temporary changes to the requirements for the placement of booking guarantees and ...
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The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018. With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as the record tonnage of 442 ...
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Ricaurte Vásquez Morales, Ph.D., an economist with more than 30 years' experience in the public and private sector, was sworn-in as the new administrator of the Panama Canal for a seven-year term at the helm of the waterway, shortly before the Canal celebrates its 20th year under Panamanian administration on ...
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The Panama Canal and the Port of Rotterdam signed a Memorandum Understanding (MOU) to promote international trade between Europe and the West Coast of South America. Through this agreement, the two organizations will work closely to optimize operations while encouraging economic growth and the exchange of information on new business ...
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On January 1, 2020, the global maritime community will adopt new ambitious emission standards set by the International Maritime Organization (IMO). Aimed at reducing the industry’s carbon footprint, the transition from the current 3.5% sulphur cap on fuel content to 0.5% has begun to spur significant changes that disrupt “business ...
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The Panama Canal formally joined the Global Industry Alliance (GIA), a public-private partnership initiative of the International Maritime Organization (IMO) under the framework of the Global Maritime Energy Efficiency Partnership (GloMEEP) Project, which is a Global Environment Facility (GEF)-United Nations Development Program (UNPD)-IMO project comprised of maritime industry leaders working ...
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Moody’s Investors Service upgraded the 20-year $450 million Senior Unsecured Bonds issued by the Panama Canal Authority (ACP) to A1 from A2, with a stable outlook, based on the waterway's strong performance since the expansion's inauguration.
Moody's noted that the Expanded Canal has increased overall tonnage and attracted new market segments, ...
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The Panama Canal Board of Directors and Administration held a three-day meeting recently with the Advisory Board in Rotterdam, Netherlands, to address the waterway's performance and discuss opportunities for future growth.
They discussed issues relevant to the Panama Canal, such as its strong financial standing, current operations and projects, industry trends ...
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The Panama Canal closed its 2018 fiscal year (FY 2018) with a record tonnage of 442.1 million Panama Canal tons (PC/UMS), which represents a 9.5 percent increase from the previous year.
With this tonnage, the Panama Canal surpasses the cargo projections of 429.4 million PC/UMS tons for FY 2018, as well ...
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