Tag: Panama Canal Expansion

See the transit of the first gate for the new locks of the expanded Panama Canal on its way to the construction site in the Pacific side

The first gate for the new locks in the Pacific side began transit through the Panama Canal

The progress of one of the most important engineering feats of the century, the Panama Canal Expansion

Panama Canal receives third shipment of gates for expansion

Panama Canal Expansion Update - September 2014: The new locks will have three chambers, water-saving basins, lateral filling and emptying system & rolling gates.

According to analysis by the US Energy Information Administration Ships carrying crude oil and petroleum products are limited by size restrictions imposed by several of the main thoroughfares of maritime navigation: the Panama Canal, the Suez Canal, and the Strait of Malacca. These size restrictions provide another way to classify the large tankers that carry most of global crude oil and petroleum product trade.The Panama Canal, an important route connecting the Pacific Ocean to the Caribbean Sea and the Atlantic Ocean, currently has a limited role in global crude and petroleum product transport. The canal's current size restrictions means smaller vessels, with capacities of approximately 400,000-550,000 barrels of light sweet crude oil, are the only ships that can safely pass through the canal. These ships are referred to as Panamax tankers, and their smaller cargos lead to a higher per-barrel cost.However, the Panama Canal is undergoing an expansion that will allow for the passage of larger vessels with capacities of approximately 400,000-680,000 barrels of crude oil. These larger tankers have the potential to increase crude and petroleum product transport through the canal. Larger vessels or vessels that are slightly over the draft limit can use the Trans Panama Pipeline, which ...

Panama Canal expansion will allow transit of larger ships with greater volumes

The third shipment of four gates for the new locks of the Panama Canal Expansion has arrived to the Atlantic entrance of the waterway

The new locks will have three chambers, water-saving basins, lateral filling and emptying system & rolling gates

For Maersk, Panama's route is vital because it reduces time and fuel consumption Within the framework of the centennial celebration, the Panama Canal Administrator Jorge L. Quijano received a Maersk Line delegation led by Søren Skou, CEO of Maersk Liner Business, to provide an update on the Expansion Program and discuss the future trends in the maritime industry.Administrator Quijano updated Maersk executives on the progress of the Expansion Program. He said that the plan is underway to ensure that the new locks will be open for transits in the beginning of 2016.During the visit, the delegations discussed topics of strong mutual interest such as the environment, efficiency of maritime services and economies of scale.The Panama Canal fully supports the sense of environmental responsibility that both organization share. The Canal's fuel-saving shortcut has reduced the maritime carbon footprint for a century, beginning long before pollution and global warming became an issue.Maersk, through the improvement of the efficiency in their vessels design, operating procedures and other efforts to obtain substantial reductions in fuel consumption has become a leader in promoting a cleaner environment. For Maersk, Panama's route is vital because it reduces time and fuel consumption.The expanded Canal will permit the transit ...