The Panama Canal closed fiscal year 2020 with 475.1 million tons, as a result of having offered an uninterrupted service to its clients and a safe environment for its collaborators, amid the impact that the Covid-19 pandemic caused globally.
The Panama Canal announced that as of 24th September, they will be able to transit with a draft of 50 feet, the maximum offered by the neopanamax locks, as a result of resource planning measures, efficient use of water and recent rains in its river basin.
By investing in a robust water management system, with proper environmental, social and economic safeguards, the Panama Canal looks to ensure its long-term operational reliability, which will be critical as it adapts to long-standing and coronavirus-driven shifts in global trade.
As the COVID-19 pandemic continues to impact the global economy, the Panama Canal will extend its temporary relief measures to December 31, 2020, offering further support for the industry’s recovery.
From August 1 and until November 30, 2020, a new period will come into force to comply with the annual recommendations on speed and maritime traffic established by the IMO since 2014, which limits the knot to 10 knots.
The Panama Canal reaffirmed its commitment to gender equality and the economic empowerment of women, through the signing of the Principles for the Empowerment of Women, or WEPs.
Panama Canal is an engineering marvel with an extremely intriguing history. Let’s take a look at top 10 must-read books on the Panama Canal.
The Panama Canal reported that a ship collided the railway bridge over the Chagres River in the Gamboa community.
Earlier this year, the Panama Canal implemented water saving measures after experiencing the fifth driest year at the Canal in 70 years.