Search results for: Panama Canal

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  • 31 December 2014
    Business & Finance

    The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the Canal’s entrance to the Pacific. The project is now awaiting the final […]

  • 31 December 2014
    Business & Finance, Equipment, Technology

    The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the Canal’s entrance to the Pacific. The project is now awaiting the final […]

  • 1 January 2015
    Business & Finance, Equipment, Technology

    The Panama Canal yesterday celebrated its 15 year anniversary under the leadership of the Panamanian Administration. During this period, the Panama Canal Authority (ACP) has proven its ability to efficiently operate the waterway, while providing a crucial service to global maritime trade and contributing to Panama’s development.   A Cutting-Edge Canal Since 1999, the Canal […]

  • 30 May 2014
    Business & Finance, Equipment, Technology, Vessels

    The Panama Canal Authority (ACP) will charter a Post-Panamax vessel before the opening of the expanded Canal to be used for training purposes in the Third Set of Locks. The Executive Vice President of Operations Esteban Saenz said that the Panama Canal will charter a Post-Panamax ship to train pilots and tugboat captains that will assist in […]

  • 6 July 2018
    Business & Finance

    Standard & Poor’s revised its outlook on the Panama Canal from stable to positive.

  • 21 June 2013
    Business & Finance

    The Panama Canal has increased its tugboat fleet with the arrival of the first two of 14 tugboats that will improve the waterway’s resources to offer a safer and more efficient service to the global shipping industry. These tugboats will strengthen the Canal’s capacity for the operation of the Third Set of Locks. Cerro Itamut […]

  • 15 August 2013
    Business & Finance

    The Panama Canal Authority (ACP) begins today the countdown for the centennial celebration as it commemorates its 99th anniversary. The countdown’s events will highlight the waterway’s contribution during the past 100 years and the efforts underway to face the challenges of the upcoming decades. The countdown began with the presentation of the Panama Canal Centennial […]

  • 30 May 2014
    Business & Finance

    Before the offical opening of the Third Set of Locks, the Panama Canal Authority (ACP) will charter a Post-Panamax vessel to be used for training purposes in the Locks. The Executive Vice President of Operations Esteban Saenz reported that the Panama Canal will charter a Post-Panamax ship to train pilots and tugboat captains that will […]

  • 24 March 2016

    The expanded Panama Canal is set to open on June 26, 2016, according to the Panama Canal Authority.

  • 23 September 2015
    Business & Finance

    The cracks detected in the third set of locks could delay the opening of the expanded Panama Canal set for April 2016, Reuters quoted Panama Canal Authority’s Deputy Administrator Manuel Benitez as saying. Benitez said that the delays ”are likely” and that he is waiting for an update from Grupo Unidos por el Canal (GUPC), the consortium […]

  • 23 September 2015
    Business & Finance

    The cracks detected in the third set of locks could delay the opening of the expanded Panama Canal set for April 2016, Reuters quoted Panama Canal Authority’s Deputy Administrator Manuel Benitez as saying. Benitez said that the delays ”are likely” and that he is waiting for an update from Grupo Unidos por el Canal (GUPC), the consortium […]

  • 17 February 2016
    Business & Finance, Project & Tenders

    With only few months left till the official opening of the expanded Panama Canal, the ACP (Panama Canal Authority) and Grupo Unidos por el Canal (GUPC) have just released their latest video on the expansion project. Panama Canal Expansion Project, also called the ‘Third Set of Locks Project‘, is the largest infrastructure project since the waterway’s original construction. When fully complete, […]

  • 21 August 2013
    Business & Finance

    In a major milestone for the Panama Canal Expansion Program, the first four gates for the new locks arrived from port of Trieste, Italy to the waterway’s Atlantic side on board the semi-submersible vessel STX Sun Rise this morning. “This is an exciting moment for the Panama Canal – the arrival of the new gates […]

  • 24 February 2016
    Business & Finance, Equipment, Technology

    The largest infrastructure project since the waterway’s original construction, the Panama Canal Expansion Program, is now 96 percent complete. The Pacific access channel is 99 percent complete and the third set of locks is now 95 percent complete. When fully complete, the new set of locks will double the capacity of the Panama Canal, creating […]

  • 26 April 2016

    The Panama Canal plans to hold a draw on April 29 to choose the first vessel which will transit through the expanded canal upon its inauguration on June 26. The proposed vessel is required to not surpass a maximum beam of 49 meters and a maximum overall length of 366 meters. In addition, the maximum […]

  • 10 November 2014

    The trend towards more Asia-US East Coast container services via the Suez Canal route and fewer via the traditional Panama Canal route is accelerating, as reported by UK-based shipping consultant Drewry. Based on Drewry’s proprietary database of container services, another 2 Panama weekly services between Asia and the US East Coast have gone in the […]

  • 23 July 2013
    Business & Finance

    According to the latest AmericasBarometer survey, the Panama Canal Authority is considered one of the most trusted institutions in Panama. The survey is coordinated by Vanderbilt University in Nashville, Tennessee with the support of the United States Agency for International Development (USAID). The Panama Canal has a 69.8% trust index, right below the Catholic and […]

  • 16 August 2013
    Business & Finance

    The Panama Canal Authority (ACP) begins today the countdown for the centennial celebration as it commemorates its 99th anniversary. The countdown’s events will highlight the waterway’s contribution during the past 100 years and the efforts underway to face the challenges of the upcoming decades. The countdown began with the presentation of the Panama Canal Centennial […]

  • 16 June 2016

    The United Kingdom Hydrographic Office (UKHO) is to release five new electronic navigational charts (ENCs) in ADMIRALTY Vector Chart Service for the Expanded Panama Canal.  The new digital charts are produced by Panama Canal Authority (ACP) and provide end-to-end coverage of the Panama Canal at a scale of 1:10 000. The ENCs contain survey data […]

  • 18 February 2019
    Business & Finance

    Panama Canal said Vasquez would succeed the current Administrator Jorge L. Quijano on September 4, 2019.

  • 19 August 2019
    Business & Finance

    Panama Canal is “an underlying asset that is critical not only for Panama, but for international commerce,” Fitch said.

  • 25 August 2010

    Panama Canal Authority (ACP) which operates and maintains the Panama Canal recently unveiled a model of the D’Artagnan dredger during a ceremony at the Panama Canal’s Miraflores Visitors’ Center. The D’Artagnan will be the most powerful self-propelled heavy duty cutter suction dredger in the world, with its special design for cutting rocks and sand dredging. […]