The Panama Canal will increase the number of daily booking slots available for Neopanamax vessels from six to seven effective December 1, 2017.
Panama Canal Expansion
On 26th October, the Caribbean Princess, operated by Princess Cruises, became the first cruise of the 2017-2018 season to transit the Expanded Panama Canal.
TMG carried out a pivotal assessment review of the tugboat operations in the new third set of NeoPanamax locks of the $5.25 billion Expanded Panama Canal and made other operational observations.
Added capacity and the first full year of the Expanded Canal all contributed to a record 403.8 million tons of goods welcomed through the Canal.
The Panama Canal announced that it expects to receive approximately 235 cruise ships through the Panamax and Neopanamax Locks during the upcoming 2017-2018 cruise season.
The expanded Canal continues to exceed expectations by reaching the 2,000th transit neopanamax today, confirming the impact of the route on maritime trade.
For a second year, Fitch Ratings affirmed the ACP ‘A’ investment grade rating with a stable outlook for its long-term issues default and senior unsecured notes.
Panama Canal welcomed the largest capacity vessel to ever transit the Expanded Locks, the CMA CGM Theodore Roosevelt, which began its voyage from Asia.
Cabinet Council of the Republic of Panama officially approved a proposal to modify the Panama Canal tolls structure, following a recommendation from the ACP Board of Directors.
Members of the Panama delegation spoke with industry specialists at the MEPC 71 about the shipping industry’s impact on the environment and participated in two working group meetings.
At the conclusion of a 32-day formal consultation period for industry feedback, the ACP held a public hearing on its tolls structure modifications proposal.
In its first year of operations, the Expanded Panama Canal has continually set records and surpassed expectations, resulting in redrawn global trade routes.
Supersized container ships traveling through the newly enhanced Panama Canal have been arriving at the Helen Delich Bentley Port of Baltimore since last year.
ACP published a proposal for modifications to its current tolls structure, signaling the beginning of a 30-day formal consultation period for industry feedback.
Panama Canal welcomed OOCL France, making it the largest capacity vessel to transit the Expanded Canal since it was inaugurated in June 2016.
ACP hosted its second Open Forum on Tuesday, offering the shipping industry an opportunity to discuss the Expanded Panama Canal’s operations.
On 2nd May, the Panama Canal welcomed the largest vessel both in dimension and capacity to transit the Expanded Canal since it was inaugurated in June 2016.
Expanded Panama Canal welcomed its first passenger vessel through the new locks: the Disney Cruise Line Disney Wonder.
The Panama Canal announced on 19th March that it has welcomed its 1,000th Neopanamax vessel through the waterway, highlighting the importance of the route.
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.
An incredible video shot using a drone gives an aerial view of the expanded Panama Canal and the entering of a large container ship to the new Panama Canal Locks.
On December 20, the Panama Canal welcomed the largest capacity vessel to-date to transit the Expanded Locks-Hapag-Lloyd’s Valparaiso Express.
Less than six months after the inauguration of the Expanded Panama Canal, the waterway welcomed its 500th transit of a Neopanamax ship on Wednesday.
ACP dismisses recent claims by the ITF over alleged privatization and safety in the Expanded Panama Canal.