The Panama Canal set a new monthly tonnage record in January 2017 with 36.1 million Panama Canal tons (PC/UMS) and 1,260 ships transiting through both the Expanded and original locks. The previous record was established the month prior, in December 2016, when 1,166 ships transited the waterway for a total of 35.4 million PC/UMS. Show More Summary
In January 2017, the Panama Canal set a new monthly tonnage record of 36.1 million Panama Canal tons (PC/UMS), with the transit of 1,260 ships through both the Expanded and original locks. The previous record was established the month prior…
Dutch shipbuilding group Damen has officially taken over the management of the former Curaçao Droogdok Maatschappij, a shiprepair yard strategically located in the Dutch Caribbean, close to the Panama Canal and just out of reach of powerful hurricanes. Show More Summary
As widely expected, the opening of the new, expanded locks at the Panama Canal in June 2016 has considerably impacted the ‘old Panamax’ containership sector, says a report by Clarkson Research Services. The displacement of these narrow beam vessels…
The new locks of the Panama Canal saw another milestone on this month with the successful transit of TradeWinds Towing tug Hollywood and barge JMC 3336. This was the first transit by a tug and barge through the new locks. The tug and...Show More Summary
The smaller TEU vessels have struggled to find a logical home since the Panama Canal expansion as logistics companies are utilizing the neo-Panamax gauge for economies of scale. This leaves the 1,000-4,999 TEU fleet to face the continued...Show More Summary
By Captain George Livingstone Well 2016 was quite a year for international shipping; the new ultra large locks of Panama Canal opened, the expanded Suez Canal went into high gear, one of the biggest container shipping lines in the world went bankrupt and national […] The post Is 2017 The Apex Of Shipping? appeared first on gCaptain.
Another 7-year-old panamax containership is headed to the breakers, all but solidifying the death of the panamax-class amid global shipping’s downturn and the opening of the expanded Panama Canal. Sources familiar with the matter tell us that 2010-built, 4,250 teu M/V Hammonia Grenada has been sold for about $5.5 million. Show More Summary
Today’s ship photos come to us from shipowner Teekay showing the LNG carrier Oak Spirit transiting the Panama Canal. The Oak Spirit was delivered to Teekay August, joining its sister vessel Creole Spirit as the second M-type, Electronically Controlled, Gas Injection (MEGI)-Type LNG carrier in the world. Show More Summary
Hydrex Underwater Technology has assisted an excavation vessel hemorrhaging oil from a stern tube seal entangled with steel wire to pass safely through the Panama Canal. The 156m long, Dutch-owned vessel was unable to make the canal transit until the propeller shaft seal had been repaired…
By most accounts, 2016 was a year unlike any in recent memory. The year bore witness to tectonic shifts in the global landscape, creating uncertainties across all markets. We also saw market and trade growth decline, driven in part by declining commodity prices. Show More Summary
Today, Moody's credit rating agency announced that it has assigned an A2 rating to the Panama Canal Authority (ACP) for its business model, unique geographic advantage, and historically strong operational and financial performance. Moody's expects this performance to continue into the future…
The Panama Canal on Tuesday welcomed the largest capacity vessel to-date to transit the expanded locks – the 10,589 TEU neopanamax containership Valparaiso Express. The vessel began its transit at the Pacific-facing Cocoli Locks Tuesday morning after calls in Chile, Peru, Ecuador and Colombia. Show More Summary
Special note: Now that the expansion to the Panama Canal has been completed, some of the traffic that used the ports of Los Angeles and Long Beach will eventually go through the canal. This could impact TEUs on the West Coast in theShow More Summary
Less than six months after the inauguration of the Expanded Panama Canal, the waterway welcomed its 500th transit of a Neopanamax ship on Wednesday, highlighting the trust that Canal customers have placed in the route. Performing the 500th transit was the container vessel YM Unity…
More than 500 ships have now transited the expanded Panama Canal less than six months after the inauguration of the new locks on June 26, 2016. The Panama Canal marked the milestone 500th transit through the new locks on Wednesday with the transit of the Yan Ming containership YM Unity. Show More Summary
Inland Rivers, Ports & Terminals (IRPT) has signed a Memorandum of Understanding with the Panama Canal Authority (ACP). This historic event marks the first ever global connection for IRPT. This Memorandum of Understanding is important to all of our inland river ports…
During the past two weeks, my wife and I were on a cruise. We flew to Florida and then sailed through the old locks in the Panama canal to San Diego, CA, and then flew home. While in Florida, we visited the Epcot Center at Disney world and the Kennedy Space Center. Show More Summary
After breaking down Nov. 21 in the Panama Canal, the newly commissioned destroyer Zumwalt is once again en route to San Diego.
NOT SUPER-IMPRESSIVE: The Navy’s New Stealth Destroyer Broke Down in the Panama Canal.