Tag: Panama Canal

This week, the Panama Canal Authority has announced the deployment of the Isla Barro Colorado tug equipped with a hybrid propulsion system with 445 kW batteries. 

Asia-US Container shipping rates remain stable or decline and Panama Canal will permit slot swaps according to ICIS.

According to Reuters, the Panama Canal Authority chief stated that the Canal could double the number of containers that move through it.

In its latest Review of Maritime Transport, UNCTAD explores the current state of supply chain disruptions, the outlook for maritime trade, and presents policy recommendations. 

The Panama Canal presented its financial results for FY24 with total revenues of 4.99 billion PAB (209 million PAB above budget and 18 million PAB more than FY23).

The Panama Canal Administrator, Ricaurte Vásquez Morales, has presented the achievements the Canal reached in fiscal year 2024 (FY-2024). 

In their "Why Insurers Should Monitor Their Transit Route Accumulations" report, the Russel Group explains why transit route accumulation should be considered by insurers in managing their overall exposure. 

As of July 2024, container movement in Panama's port system has shown significant growth, according to data from the Panama Maritime Authority (AMP).

The Panama Canal has announced that the new Long Term Slot Allocation (LoTSA) methodology will be implemented beginning October 1, 2024, for all market segments except LNG and LPG.

Based on the present and projected level of Gatun Lake for the upcoming weeks, the Panama Canal Authority (ACP) announced that effective immediately, the maximum authorized draft allowed for vessels transiting the Neopanamax Locks will be 15.24 m (50.0 feet) TFW.