Panama Canal Expansion Ongoing news

Dec 2, 2000
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From Marine Link:

Panama Canal Partnership with Soy Transportation Coalition
quote:

Washington, D.C., May 10, 2011 — Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta and Soy Transportation Coalition (STC) Chairman Ed Ulch signed a Memorandum of Understanding (MOU) to foster the growth of global commerce.
More at http://www.marinelink.com/news/transportation-coalition338473.aspx
 
Dec 2, 2000
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Dec 2, 2000
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From The Maritime Professional Blog:

Panama Canal impact gets more uncertain
quote:

Assessments of the impact of the widened Panama Canal are needing rethinking.

Firstly, the common fiction that 12,000 TEU will be the post-Panamax standard has been demolished. It's now 14,000 TEU, but don't expect rows of vessels to be lining up outside ports, their masters fuming because the main channels are too shallow. (The maximum draft through the canal will be 50 feet. Only two East Coast ports can take the bigger vessels, Baltimore and Norfolk.)
More at http://www.maritimeprofessional.com/Blogs/Martin-Rushmere/May-2011/Panama-Canal-impact-gets-more-uncertain.aspx
 
Dec 2, 2000
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From The Hellenic Shipping News:

Expanded Panama Canal to bypass coal freight trade
quote:

The new deeper, wider Panama Canal will make little difference to the flow of world coal trade from exporters in the Americas to big Asian clients.Even when the work is finished in 2014 it is likely to still be as cheap to take ships around the Cape of Good Hope, as rates are expected to stay depressed, and the improvements to the Canal will still not be enough to let the biggest coal ships through.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=27779:expanded-panama-canal-to-bypass-coal-freight-trade&catid=44:lat est-news&Itemid=64
 
Dec 2, 2000
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From The Hellenic Shipping News:

Panama Canal expansion a ‘game changer’
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Rising fuel costs have prompted shipping companies to supersize their fleets. Today, the Panama Canal is too narrow and shallow to facilitate 15 percent of seaborne shipping in the region.

As Costa Rica squabbles over an almost $1 billion project to expand its Caribbean port of Moín, the country is not just jittery about the plans for its east coast. Costa Rica also is keeping one eye south of the border, on Panama.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=30771:panama-canal-expansion-a-game-changer&catid=44:latest-news&Item id=64
 
Dec 2, 2000
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Easley South Carolina
Dec 2, 2000
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Easley South Carolina
From The Hellenic Shipping News:

Port of Houston Authority and Panama Canal Authority Renew Strategic Alliance Expansion
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Port of Houston Authority and Panama Canal Authority Renew Strategic Alliance Expansion of the Panama Canal Key to Generating New Business by Promoting the "All-Water Route" Between Asia and the U.S. Gulf Coast
The Panama Canal Authority (ACP) and the Port of Houston Authority renewed their strategic alliance yesterday during an official ceremony in Panama City, Panama.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=31713:port-of-houston-authority-and-panama-canal-authority-renew-stra tegic-alliance-expansion&catid=44:latest-news&Itemid=64
 
Dec 2, 2000
58,582
373
283
Easley South Carolina
Dec 2, 2000
58,582
373
283
Easley South Carolina
Dec 2, 2000
58,582
373
283
Easley South Carolina
From The Hellenic Shipping News:

Panama Canal to offer better outlook for tanker markets as well
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With current crude tanker period market activity remaining limited and the VLCC and Suezmax sport markets close to multi year lows, it’s no wonder that many tanker owners are already looking to the future and possible parameters that will help the tanker market regain its footing. One such determining factor could very well be the expansion of the Panama Canal, due late 2014...
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=39833:panama-canal-to-offer-better-outlook-for-tanker-markets-as-well -&catid=1&Itemid=61
 
Dec 2, 2000
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From Marine Link:

Panama Canal, Port Everglades Renew Partnership
quote:

The Panama Canal Authority (ACP) and Port Everglades renewed their strategic alliance today with the signing of a Memorandum of Understanding (MOU). First signed in August 2009, the MOU, which is renewable for five years, solidifies both entities’ dedication to growth and best customer practices.
More at http://www.marinelink.com/news/partnership-everglades339814.aspx
 
Dec 2, 2000
58,582
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Dec 2, 2000
58,582
373
283
Easley South Carolina
From The Hellenic Shipping News:

Panama Adding a Wider Shortcut for Shipping
quote:

For now, the future of global shipping is little more than a hole in the ground here, just a short distance from the Pacific Ocean.Ah, but what a hole it is.

About a mile long, several hundred feet wide and more than 100 feet deep, the excavation is an initial step in the building of a larger set of locks for the Panama Canal that should double the amount of goods that can pass through it each year.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=41733:panama-adding-a-wider-shortcut-for-shipping&catid=44:latest-new s&Itemid=64
 
Dec 2, 2000
58,582
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283
Easley South Carolina
Dec 2, 2000
58,582
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Easley South Carolina
From The World Maritime News:

Panama Canal Expansion to Bring Major Benefits
quote:

What Panamanian citizens may not realize is that when they approved the Panama Canal Extension project in 2007, it sent a shockwave through every seaport in the United States, particularly those on the East Coast that were designed specifically to adhere to “Panamax”￾ regulations.
More at http://worldmaritimenews.com/archives/30559