Panama Canal Expansion Ongoing news

Dec 2, 2000
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From The Hellenic Shipping News:

Panama Canal Expansion in Full Swing
quote:

As early as the 1930s, new locks were proposed for the Panama Canal to ease congestion and to allow larger ships to pass. On October 22, 2006, a $ 5.25 billion plan to expand and modernize the canal was approved by Panama voters. With a symbolic blast, physical work started on September 3, 2007 as an estimated 30,000 people joined the Panamanian government and Panama Canal Authority (ACP) in a groundbreaking ceremony at Paraiso Hill. Expansion of the nearly 100-year-old waterway, scheduled for completion by 2014, will double its capacity.
For the rest, see http://www.hellenicshippingnews.com/index.php?mod=article&cat=nwsinternational&article=7380

Comment: This project is sufficiently important that it really justifies it's own thread to keep track of it. If anyone finds any new information, news, or photos of the ongoing project, then consistant with abiding by all copyright law, I would encourage you to post it here.​
 
Dec 2, 2000
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From The Hellenic Shipping News:

Changes to the Panama Canal Transit Reservation (Booking) System
quote:

The Panama Canal Authority will implement the following modifications effective February 1, 2008. All reservations secured prior to the implementation date of this advisory will be honored at the rate in effect at the time the reservation was made.
For the full story, see http://www.hellenicshippingnews.com/index.php?mod=article&cat=Ports&article=7715

Comment: Far more detailed then the American Shipper story.​
 
Dec 2, 2000
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From MSNBC:

Panama Canal Work May Help Tampa Port
quote:

TAMPA - The Port of Tampa already serves fast-growing Central Florida, but it will be positioned to serve markets in South Florida by 2015 when the Panama Canal expansion is completed, a canal authority official said Wednesday.

The port soon could enjoy competitive advantages over South Florida ports that cannot easily expand or provide efficient truck access to highways, said Rodolfo Sabonge, Panama Canal Authority vice president, in its office of market research and analysis.
For the rest, go to http://www.msnbc.msn.com/id/22820851/
 
Dec 2, 2000
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From The Maritime Global Net:

FEWER TRANSITS OF PANAMA CANAL
quote:

SLIGHTLY fewer vessels used the Panama Canal in the three months to the end of December, the first quarter of the Panama Canal Authority's fiscal year. Although Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal (including waiting time for passage) significantly decreased, the ACP also noted slight declines in net tonnage, total transits and transits of “supers”￾ (vessels 91 feet or more in beam).
Full story at http://www.mgn.com/news/dailystorydetails.cfm?storyid=8493&type=2
 
Dec 2, 2000
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From The Hellenic Shipping News:

US ports 'ill prepared' for Panama Canal expansion
quote:

The United States is ill-prepared for the new regional trade patterns that could evolve following expansion of the Panama Canal.
Caribbean ports, however, stand to benefit from an influx of containers for transshipment.
Although many US ports could benefit from the extra container traffic likely to be generated by the canal's expansion, port directors and federal officials are reported to be pessimistic about funding and approvals for development.
They fear crucial projects like dredging to accommodate larger vessels and infrastructure construction could be blocked or delayed.
For the rest, see http://www.hellenicshippingnews.com/index.php?mod=article&cat=Ports&article=8414
 
Dec 2, 2000
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From The Hellenic Shipping News:

Panama Canal: Additional resources & measures to reduce backlog
quote:

During a moderate lull in arrivals last month, the ACP [Panama Canal Authority] performed critical maintenance work at the Pedro Miguel and Miraflores Locks which required a few hours of lane outages. Unfortunately, this maintenance work coincided with a surge of arrivals in the second half of February. During this period, arrivals averaged 43.0
vessels per day, compared to the 38.2 vessels for the same period in Fiscal
Year 2007.
More at http://www.hellenicshippingnews.com/index.php?mod=article&cat=Ports&article=10697
 
Dec 2, 2000
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From The Maritime Global Net:

DREDGER NEWBUILDING FOR PANAMA CANAL
quote:

THE Panama Canal Authority (ACP) has awarded a contract to design and build a new, more powerful cutter suction dredger to Dutch yard IHC Beaver Dredgers.

The new 12,000KW vessel will replace the Mindi which has been in service at the Canal since 1942 and has only a 9,000KW capacity.
More at http://www.mgn.com/news/dailystorydetails.cfm?storyid=8638&type=2

Comment: Sensible. It doesn't do a lot of good to make bigger locks if you don't have a shipping channel deep enough for the traffic you expect.​
 
Dec 2, 2000
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From The Hellenic Shipping News:

Panama Canal: Measures to reduce Panama Canal backlog
quote:

During the past few weeks the Panama Canal has been experiencing an increased backlog due to the high number of arrivals for transiting the Canal. In response to the maritime industry's concerns regarding the segment of customers not normally benefiting from the Transit Reservation System, and who are currently being subjected to extended waiting periods, additional measures will be implemented. As such, in order to facilitate the efficient operation of the Transit Reservation System and pursuant to its governing rules, a temporary suspension of two (2) booking slots for supers and one (1) booking slot for
regulars will be in effect beginning at 0001 hours, March 28, 2008, as
follows:
See http://www.shippingeconomics.gr/content/view/2690/79/ to see what they came up with.​
 
Dec 2, 2000
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From The Hellenic Shipping News:

Corvallis company hired to expand Panama Canal
quote:

Every time Garry Higdem takes a night flight to Panama on business, he gets a graphic reminder of what he’s there to do. Coming in over the Pacific side of the isthmus, he looks down on as many as 95 ships waiting to enter the Panama Canal, all lit up like a stray string of Christmas lights floating out to sea. “When you see the ships queued up to go through the canal, you know why this project is needed, said Higdem, a group president for CH2M Hill. “It’s quite an impressive sight. ... And
you know it’s the same on the Atlantic side.”

>snip<

Now the canal is rapidly nearing capacity, and the government of Panama – which assumed control of the canal from the United States on Dec. 31, 1999 – is once again turning to American engineers to lead an almost equally ambitious expansion project.
CH2M Hill, a global design firm founded in Corvallis, has been hired to manage the $5.25 billion job.
Full story at http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=3626&Itemid=79
 
Dec 2, 2000
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From The Maritime Global Net:

AWARD FOR PANAMA CANAL AUTHORITY
quote:

PANAMA Canal Authority (ACP) deputy administrator/CFO José Barrios Ng was presented with the “Best Long Term Performance Project”￾ and “Strategic Project of the Year”￾ awards for the Panama Canal Expansion Program at the 6th Annual CG/LA Infrastructure Latin-American Forum held at the Miami Marriott Biscayne Bay Thursday, 3 April.
More at http://www.mgn.com/news/dailystorydetails.cfm?storyid=8690&type=2
 
Dec 2, 2000
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From The Hellenic Shipping News:

Ports preparing for megaships
quote:

In roughly seven years, a widened Panama Canal will allow megaships loaded with thousands of metal containers filled with goods to pass unimpeded to U.S. ports. But will those ports be ready to receive them? Not unless drastic changes are made. That was the message delivered at Port Manatee by John Vickerman, founding principal of transportation consulting firm TranSystems Corp., to members of the southeast chapter of the International Propeller Club.
Full story at http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=4199&Itemid=79
 
Dec 2, 2000
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From The Hellenic Shipping News:

Shipping in Panama Expect a Boom in 2008
quote:

Due to the geographical advantage, the port business of Panama was always on high. Analysts feel that the port business of Panama will grow even further despite a slow down in the U.S. economy. Analysts and industry experts feel that container traffic of Panama will increase steadily in the coming years.
Full story at http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=4901&Itemid=79
 
Dec 2, 2000
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From StreetInsider.com:

Panama Canal and Virginia Port Authority Reaffirm Strategic Alliance
quote:

PANAMA CITY, April 29 /PRNewswire-USNewswire/ -- In a strategic move, the Panama Canal Authority (ACP) and the Virginia Port Authority (VPA) reaffirmed an alliance that will help to increase growth and trade, facilitate the flow of information sharing and promote the "All-Water-Route" (the route from Asia to the U.S. East Coast via the Panama Canal).
More at This Link
 
Dec 2, 2000
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Dec 2, 2000
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From Yahoo Canada:

U.S. cruise ship pays record to cross Panama Canal
quote:

PANAMA CITY (Reuters) - A U.S.-owned cruise ship has paid a record $331,200 to cross the Panama Canal as vessels fight for space in the increasingly congested waterway, authorities said on Tuesday.


The 964-foot (295-meter)-long Disney Magic, owned by a subsidiary of Walt Disney Co, broke the transit record on May 16, the Panama Canal Authority said. The ship sails out of Port Canaveral, Florida, and is registered in the Bahamas.
More at http://ca.news.yahoo.com/s/reuters/080610/us/usreport_panamacanal_cruiseship_dc