Panama Canal records new milestone, welcomes the largest passenger ship to-date. Operated by Norwegian Cruise Lines, the transiting Norwegian Bliss.
Panama Canal Expansion
The Panama Canal will increase the number of daily booking slots available for Neopanamax vessels from six to seven effective December 1, 2017.
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.