Carriers Unveil Panama Canal Transit Surcharges for New Year
Two major carriers have announced new Panama Canal surcharges on Asia-U.S. east coast transits in response to the canal authority implementing a new booking system to “optimize transit operations.”
Panama Canal Authority Increases Capacity as Water Levels Return
The Panama Canal Authority (ACP) has increased the number of daily transits and maximum draft of the expanded neopanamax locks, bringing the waterway one step closer to to normal operations following last year’s historic drought.
Panama Canal Increases Maximum Draft Ahead of Schedule
The Panama Canal Authority announced on May 30 an increase in the maximum authorized draft of the Panama Canal’s Neopanamax locks to 45 feet, bringing it closer to the normal limit of 50 feet. This adjustment, originally scheduled for June 15, comes in anticipation of the rainy season in the Panama Canal watershed and the […]
Panama Canal to Add Back Daily Transits as Rainy Season Approaches
After months of increasing restrictions due to falling water levels in its reservoir, the Panama Canal Authority will continue its gradual restoration of daily transits and add a foot to the maximum draft. The decision was made after an analysis of the water levels, efforts to save water and increase storage, and a slight increase […]
Cost of ‘Land Bridge’ Alternative to Panama Canal Too High for Carriers
Liner operators say they are unlikely to emulate Maersk in using land transport to circumvent the Panama Canal restrictions, as moving containers by land in the Americas could drive costs up more than 30%.
Panama Canal Reverses Cuts in Daily Transits and Adjusts Reservations
The Panama Canal Authority is delaying some of the scheduled reductions in daily transits that it was planning to implement starting next month due to slight improvements in the reservoir’s water levels and, at the same time, further adjusting its system for reservations. The changes come as good news for the shipping industry, which is […]
Panama Canal Authority warns restrictions will stay in place for at least 10 months
Global shipping bodies have been urged to come together to share transit plans at one of the world’s key maritime chokepoints with officials at the Panama Canal Authority warning yesterday that water-conserving measures will be in place for at least the next 10 months.
The Panama Canal will implement a Green Vessel Classification program
The Panama Canal Authority (ACP) announced the implementation of the Green Vessel Classification System, a part of the Panama Canal Green Route Plan 2050 and the Carbon Neutrality Commitment by 2030.
