Tag: Panama Canal

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.

The Panama Canal announced through an Advisory to Shipping, that effective immediately, the maximum authorized draft allowed for vessels transiting the Neopanamax Locks will be 49.0 feet (14.94 m), based on the present and projected level of Gatun Lake for the upcoming weeks.

The Panama Canal has announced the introduction of a Long-Term Slot Allocation (LoTSA) Method for Neopanamax vessels, as part of the Transit Booking System, to increase transit certainty and flexibility. 

Starting in September, the Panama Canal plans to increase the number of daily transit slots for vessels from 34 to 36, according to the canal's deputy administrator. This adjustment comes as rainfall permits authorities to relax the restrictions imposed due to the drought, Reuters highlights.

The Panama Canal is set to complete a billion-dollar construction project of a new water reservoir within six years, as announced by canal administrator Ricaurte Vasquez.

Based on the present and projected level of Gatun Lake, the Panama Canal Authority (ACP) announces an additional booking slot in the Neopanamax Locks during Booking Period 2 for booking dates beginning August 5, 2024.

The Panama Canal Authority (ACP) announced the appointment of two new members to its Advisory Board. Together, the new members bring a breadth of experience in shipping, sustainability, and infrastructure, mirroring key priorities for the waterway.