Tag: Panama Canal Authority

• Thursday, October 17th 2024 - 06:13 UTC

  Panama Canal posts significant setback in FY2024

  

  The Panama Canal Authority (ACP) reported this week a 29.3% drop in passing ships during Fiscal Year 2024 as a result of the severe drought affecting the interoceanic crossing. A total of 9,944 transits were recorded this year, a significant setback from 14,080 crossings in 2023. A fiscal year runs from October 1 to September 30 of the following year.

• Friday, August 16th 2024 - 21:00 UTC

  Panama Canal ups vessel draft to 50 feet

  

  The Panama Canal Authority (ACP) has sent a notice to shipping lines announcing that the maximum draught for vessels passing through the Neopanamax locks between the Atlantic and Pacific Oceans has been increased to 50 feet (15.24 meters). The ACP explained this decision was made in light of the current and projected water levels in Lake Gatun for the coming weeks.

• Monday, April 8th 2024 - 19:24 UTC

  Panama Canal chokepoint approaching an end as the rainy season begins in May

  

  The chokepoint at the Panama Canal could be approaching an end as weather forecasts indicate ample rain fall is heading for Panama, which if correct means many international shipping believe a return to normal crossing s possible in the near future.

• Wednesday, June 7th 2023 - 09:55 UTC

  Panama Canal water level suffering from climate change

  

  Since the Panama Canal connected the Atlantic Ocean to the Pacific in the early 20th century, it changes forever the history of global shipping. Before the canal was completed, ships had to go around the southern tip of South America, close to the Falklands coal fueling deposits, and a much longer and more dangerous route.

• Wednesday, April 1st 2020 - 07:54 UTC

  Trump calls on Florida to allow Zaandam to dock: “They are dying on the ship”

  

  U.S. President Donald Trump on Tuesday urged Florida officials to open an Atlantic Coast port to a Dutch cruise ship stuck at sea with a deadly coronavirus outbreak onboard, urging the governor to drop his opposition.

• Tuesday, March 31st 2020 - 11:48 UTC

  The ordeal of the Zaandam: Florida state is rejecting to receive any passengers

  

  United States Senator Rick Scott is calling for protective measures for Floridians ahead of the Holland America’s Zaandam and Rotterdam expected arrival at Port Everglades.

• Saturday, March 28th 2020 - 08:58 UTC

  Four passengers dead on the MS Zaandam which last called in Punta Arenas

  

  Four passengers have died on a cruise ship off the Pacific coast of Panama with more than 130 others aboard suffering from influenza-like symptoms, at least two of whom have coronavirus, the vessel's operator said on Friday.

• Monday, June 27th 2016 - 06:53 UTC

  Panama opens long-delayed US$ 4.5bn canal expansion: massive litigations looming

  

  Panama opened the long-delayed US$5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping industry and a heated battle over billions in cost overruns.

• Thursday, January 9th 2014 - 06:54 UTC

  Panama Canal expansion discussions stall; Italian company demands an extra 1bn

  

  The Panama Canal Authority, or ACP, said on Wednesday it would be “impossible” to meet the demands of Italian builder Impregilo, which has called on the government agency to make an additional payment of up to 1 billion dollars to cover cost overruns affecting a project to expand the international waterway.

• Wednesday, January 8th 2014 - 05:19 UTC

  Panama Canal and construction companies closer to understanding on over-costs

  

  Panama Canal officials offered Tuesday to share the burden in a 283 million dollars fund to end a spat with a consortium threatening to halt the waterway's expansion over huge cost overruns. The proposal came after two days of intense talks under mediation of a Spanish cabinet minister who flew to Panama City for emergency meetings aimed at preventing a shutdown of the major project.