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Old May 14th, 2016, 05:27 AM   #241
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The new 3rd locks will mainly be used for extremely large vessels that cannot fit through the original locks. The original locks will continue to operate, one for each direction, and the new 3rd locks will be bi-directional, as the number of such very large ships is small. The 3rd locks would also temporarily take over the duties of one of the original locks if it needed to be shut down for maintenance.

We're decades away from traffic getting to the point where serious plans would need to be made to either build a 4th lock or rebuild one of the original locks to match the 3rd lock. My guess is the better choice would be to build a 4th lock because the cost would be about the same, except for the additional land needed.
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Old May 27th, 2016, 05:01 AM   #242
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The third set of locks are officially complete.

Which leaves the overall canal expansion project at 98% completion.
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Old June 9th, 2016, 09:13 PM   #243
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Quote:
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Buque Baroque inicia pruebas en Canal ampliado












Fuente--------->http://www.telemetro.com/elcanaldeto...924507843.html
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Old June 16th, 2016, 09:16 AM   #244
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Testing...

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Old June 24th, 2016, 06:35 AM   #245
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Did I miss something about this project?

The New Panama Canal: A Risky Bet
How a $3.1 Billion Expansion Collided With Reality

By WALT BOGDANICH, JACQUELINE WILLIAMS and ANA GRACIELA MÉNDEZ
JUNE 22, 2016


Quote:
(...) But when the speeches and the celebrations end, one inescapable fact will remain: The expanded canal’s future is cloudy at best, its safety, quality of construction and economic viability in doubt, an investigation by The New York Times has found.

In simple terms, to be successful, the new canal needs enough water, durable concrete and locks big enough to safely accommodate the larger ships. On all three counts, it has failed to meet expectations, according to dozens of interviews with contractors, canal workers, maritime experts and diplomats, as well as a review of public and internal records.

The low winning bid, a billion dollars less than the nearest competitor’s, made “a technically complex mega-project” precarious from the outset, according to a confidential analysis commissioned by the consortium’s insurer. “There is little room in the budget for execution errors or significant inefficiencies,” the analysts, from Hill International, wrote in 2010, adding, “This is a high-risk situation.”

Among the biggest risks is the concrete that lines the walls of the six mammoth locks punctuating the path between the seas.

Last summer, water began gushing through concrete that was supposed to last 100 years but could not make it to the first ship. The Hill analysts had warned that the consortium’s budget for concrete was 71 percent smaller than that of the next lowest bidder. The budget also allotted roughly 25 percent less for steel to reinforce that concrete.

Then there is the lock design. Tugboat captains say they cannot safely escort the larger ships because the locks are too small with too little margin for error, especially in windy conditions and tricky currents. In fact, in a feasibility study obtained by The Times, the Panama Canal Authority had earlier concluded that the tugs needed significantly more room.

The tugboats themselves are a problem, especially the 14 new boats purchased from a Spanish company, mostly for the expanded locks. To maneuver safely, they must be precisely controlled, but according to captains, they are so unstable that they operate best going backward, something that cannot be done while towing ships through the canal.
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Old June 24th, 2016, 05:06 PM   #246
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The Panama Canal Expands
The Panama Canal's nine-year, $5.4 billion expansion, doubling cargo capacity, opens Sunday

By Costas Paris in London, Robbie Whelan in New York and Kejal Vyas in Bogotá, Colombia

Quote:
The giant Panama Canal expansion opens June 26 amid much fanfare and one of the worst shipping industry slumps ever. While it won’t do anything to help the dire state of the industry near-term, the changes are critical to Western trade in the long run.

The canal, which handles about a third of Asia-to-Americas trade, had no choice but to expand. As the industry copes with its downturn, major shipping companies are pooling their resources and using fewer but much bigger ships—ones that are too large to fit through the pre-expansion Panama Canal

The nine-year, $5.4 billion expansion more than doubles the canal’s cargo capacity. A third lane has been added to the canal that accommodates ships large enough to carry up to 14,000 containers, compared with around 5,000 currently. This alleviates a cargo bottleneck caused by the smaller ships that was due to get worse over time.
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Old June 26th, 2016, 04:15 PM   #247
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Old June 26th, 2016, 04:36 PM   #248
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Last edited by Heaven&Hell; June 27th, 2016 at 03:07 AM.
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Old June 26th, 2016, 06:46 PM   #249
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Panama: the great connection

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Old June 26th, 2016, 08:51 PM   #250
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THE GREAT DAY HAS ARRIVED!!

CONGRATULATIONS PANAMA !!!!


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Old June 26th, 2016, 11:55 PM   #251
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Panama Canal opens $5B locks, bullish despite shipping woes



Thousands of spectators watch as the Neopanamax cargo ship, Cosco Shipping Panama, makes its way through the new new Agua Clara locks, part of the Panama Canal expansion project, near the port city of Colon, Panama, Sunday June 26, 2016. The ship carrying more than 9,000 containers entered the newly expanded locks that will double the Panama Canal’s capacity in a multibillion-dollar bet on a bright economic future despite tough times for international shipping. (Moises Castillo/Associated Press)



By Juan Zamorano | AP June 26


PANAMA CITY — Amid exploding fireworks and waving flags, a Chinese ship carrying more than 9,000 containers on Sunday entered the newly expanded locks that will double the Panama Canal’s capacity in a multibillion-dollar bet on a bright economic future despite tough times for international shipping.

Several tug boats pulled “Cosco Shipping Panama” into the new locks at Agua Clara under a cloudy sky in Colon province, about 80 kilometers (about 50 miles) north of the capital.

“This is the route that unites the world,” said Panamanian President Juan Carlos Varela.

“This new transit route is the tip of the iceberg in making Panama once again the logistic center of the Americas,” canal administrator Jorge Luis Quijano said as the ship headed for the Pacific Ocean. “And it represents a significant opportunity for the countries of the region to improve their infrastructure, increase their exports.”

Thousands of Panamanians who began gathering before dawn to witness the inauguration of the canal’s expansion waved the national flag as the band struck up a song.

“It’s a one-time experience, a great achievement,” said Felicia Penuela, a housewife from Colon province. “Panama is showing the world that even though it is a small country it can do great things.”

Nearly two years late due to construction delays and labor strife, the $5.25 billion project formally launched with the transit of the 158-foot-wide (48.2 meters), 984-foot-long (300 meters), Chinese-owned container ship. It’s one of the modern class of mega-vessels that will now be able to use the canal.

With 30,000 people and eight foreign heads of state expected to attend the daylong festivities, officials are bullish.

“There is evidence that the Panama Canal, with this expansion, is an important player not only for regional maritime commerce but worldwide,” said Oscar Bazan, the Panama Canal Authority’s executive vice president for planning and commercial development. “The canal is a winning bet. (Clients) will benefit from saving not only time but also money, because the canal is a route that shortens distance.”


However, the party comes amid a lull in global shipping due to the drop in oil prices, an economic slowdown in China, which is the canal’s second-largest customer, and other factors that have hit the waterway’s traffic and income.

While authorities anticipate increasing commerce between Asia and ports on the U.S. East Coast, doubts remain that not all those ports are ready to handle the huge New Panamex-class cargo ships. Net cargo volume through the canal from the U.S. East Coast toward Asia fell 10.2 percent in 2015, according to official statistics. Meanwhile the Suez Canal in Egypt recently lowered tariffs by up to 65 percent on large container carriers in an attempt to keep its traffic.

“It’s important to remember that the canal does not create demand. The canal opens the route. Supply and demand on a world level is what will decide whether the Panama Canal will really bring more volume or not,” said Antonio Dominguez, a general manager for global shipping leader Maersk Line, which moves about 14.2 percent of world commerce. “What is certain is that the current canal has maxed out.”

Maersk was among shipping companies that have reduced passages through the Panama Canal, although Dominguez said the company is considering a return.

Since the canal was handed over from U.S. control at the end of 1999, the waterway has generated about $10 billion in direct income for the Central American nation and is responsible for about 40 percent of its GDP, factoring in related economic activity. Some 35 to 40 vessels transit the waterway each day, and the canal is estimated to handle about 6 percent of world maritime commerce.

Panama began the expansion nearly a decade ago. Originally planned to open in late 2014 around the waterway’s centennial, the new locks can accommodate ships that carry up to three times the cargo of those previously able to use the canal.

Grupo Unidos por el Canal, the Italian- and Spanish-led consortium that spearheaded construction, handed the project over Friday, although a series of claims are still pending for presumed cost overruns of more than $3 billion.
https://www.washingtonpost.com/world...aborative_1_na
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Old July 16th, 2016, 05:17 AM   #252
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Old July 26th, 2016, 03:13 PM   #253
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Open a month today and 3 ships damaged to date.
http://gcaptain.com/containership-da...als-new-locks/

Only a matter of time before someone is killed on a tug.

Get some mules....fast.
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Old October 29th, 2016, 10:23 PM   #254
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Globalization Is Here to Stay, Says Panama Canal CEO:
U.S. consumers will shop more after the election, despite anti-trade talk during the campaign

By COSTAS PARIS
Oct. 26, 2016 11:03 a.m. ET


COPENHAGEN—
Quote:
The Panama Canal Authority’s chief executive is concerned about anti-trade rhetoric taking center stage in the U.S. election campaign, but he believes American consumers will step up their shopping after the result and boost shipping cargo volumes across the isthmus by a double-digit percentage.

“Talk of trade barriers and protectionism are a big part of the U.S. campaign, but globalization is here to stay and once the dust settles, we expect consumers will start buying again, boosting demand,” Jorge L. Quijano told The Wall Street Journal on the sidelines of the Danish Maritime Forum conference.

Republican presidential candidate Donald Trump has repeatedly criticized global trade deals like the North American Free Trade Agreement and has called for the repatriation of U.S. businesses with production lines outside the U.S. Democratic candidate Hillary Clinton has said she would work to improve trade agreements signed by previous administrations.

The shipping industry moves the vast majority of the world’s traded goods, from oil and food to electronics, clothes and cars. The Panama Canal—a man-made waterway linking the Pacific and Atlantic oceans—handles about a third of Asia-to-Americas trade.

The Panama Canal Authority spent $5.4 billion for a new set of wider locks that opened in June, accommodating ships carrying up to 13,000 containers, rather than 5,000 containers previously. The American Association of Port Authorities expects around $155 billion will be invested by 2020 to expand U.S. ports to handle the bigger ships. South American terminals are also in an expansion race.

Mr. Quijano said he expects cargo volumes through the canal to increase by 10% to 12% in the year ending September 2017, and continuous growth in coming years as the shipping industry emerges from one of its longest-ever downturns.

Mr. Quijano expects the canal to generate $2.86 billion in revenue this fiscal year, up $350 million from last year. Containers make up 47% to 50% of the canal’s revenue, bulk carriers around 20% and tankers around 15%, with other ships like car carriers and general cargo ships making up the remainder.

Mr. Quijano said Panama doesn’t plan to follow Egypt’s Suez Canal in asking major shipping lines to pay tolls three to five years in advance in return for a 3% discount.

“In these difficult times, I think shipping companies would prefer to have flexibility in paying tolls rather than signing up to long-term commitments,” he said.

The new locks have made the Panama Canal more competitive with the Suez Canal, shortening the one-way journey by sea from Asia to the U.S. East Coast by roughly five days and eliminating the need for a trip around Cape Horn to get to the Atlantic.

Some 6% of global trade in terms of capacity, or 340 million tons of goods, passed through the Panama Canal last year.
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Old December 2nd, 2016, 02:14 PM   #255
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Panama Canal readies for surge in tonnage after upgrade
Reuters Excerpt
Oct. 27, 2016

The Panama Canal is likely to attract up to 15 percent more tonnage next year after an upgrade which means it can now accommodate gas tankers previously too large to transit, its operator said on Thursday.

The expanded canal opened in June, fitted with new locks that allow ships three times bigger than previously to pass through.

"We expect to get ... more tonnage specifically because of the expansion," Panama Canal Authority Chief Executive Jorge Quijano told Reuters in an interview at the Danish Maritime Forum conference in Copenhagen.

"Hitting those targets will of course depend on the (global) economy ... But in the worst of cases I think we will see 10 percent and in the best of cases 13-15 percent."

Container shipping tonnages were up, "but we also have LNG shipments that we didn't have before." Both liquefied natural gas and liquefied petroleum gas (LPG) carriers were contributing to the increase, he said.

Shipping industry experts told Reuters in August that many large tankers were having to undergo inconvenient retrofits to pass through the canal's new locks. The Authority acknowledged at the time that some vessels would probably need new chocks and bollards added.
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Old December 11th, 2016, 03:28 AM   #256
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I don't think anyone has posted this yet:

Panama Canal overtakes Suez on Asia-US East Coast route

Bruce Barnard, Special Correspondent | Nov 22, 2016 11:27AM EST

LONDON —
Quote:
The Panama Canal has overtaken the Suez Canal as the favored transit route for carriers operating services between Asia and the US East Coast following the widening of the Central American waterway.

The recently published network details of the Ocean Alliance and THE Alliance that will launch in April reveal that more carriers are pledging allegiance to the Panama Canal with 12 weekly services compared with only four confirmed loops via the Egyptian waterway, according to Drewry Shipping Consultants.

The Suez Canal could notch up a fifth customer if Israeli carrier Zim Integrated Shipping Services revives its recently suspended Z7S service, the London-based analyst said.

The traditional benefit of transiting the Panama Canal was to reduce voyage time between Asia and the US East Coast when compared with sailing via the Suez Canal or around the Cape of Good Hope.

However, in recent years, the Suez option became more popular as production moved from South China to lower labor cost countries such as Vietnam and Bangladesh — the Egyptian route is shorter for the Middle East, the Indian subcontinent, and Southeast Asia — and because, prior to the widening of the Panama Canal, Suez allowed carriers to deploy significantly larger ships and achieve lower slot costs.

However, the opening of the enlarged Panama Canal at the end of June “has been a game changer” with the average size of ship transiting the waterway rising by almost 45 percent to 6,600 twenty-foot-equivalent units as several Asia-East Coast North America services are deploying vessels of 8,000 TEUs.
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Old December 24th, 2016, 12:26 AM   #257
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Expanded Panama Canal Welcomes Largest Capacity Vessel To Date
Successful Passage of First Ever 10,500+ TEU Containership

Expanded Panama Canal Welcomes its 500th Neopanamax Transit
The YM Unity Made Its Way from Asia to U.S. Ports
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Old February 11th, 2017, 09:29 AM   #258
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Panama Canal Sets Monthly Tonnage Record

Quote:
The Panama Canal set a new monthly tonnage record in January 2017 with 36.1 million Panama Canal tons (PC/UMS) and 1,260 ships transiting through both the Expanded and original locks.

The previous record was established the month prior, in December 2016, when 1,166 ships transited the waterway for a total of 35.4 million PC/UMS. Prior to the inauguration of the Expanded Canal on June 26, 2016, the monthly tonnage record was 30.4 million PC/UMS, which was set in October 2014.

“This increase reiterates the importance of the Expanded Canal, and it’s further proof of the maritime industry’s continued confidence in the Panama Canal and the impact it will have on the future of global trade,” said the Panama Canal Administrator Jorge L. Quijano.
----------------------------------------------

Expanded Panama Canal is still facing challenges

COCOLI, Panama —
Quote:
Loaded with more than 6,000 cargo containers, the ship Ever Living prepared for the final leg of its journey through the newly expanded Panama Canal when things hit a snag: The last of the massive steel lock doors failed to open all the way.

The pilots controlling the ship and the captains of the tugboats tethered to huge vessel opted to continue guiding it through the narrowed passageway, passing nerve-wrackingly close to the side of the locks to avoid running into the stuck door.

“These are things that shouldn’t happen,” tugboat captain Mauricio Perez said. “Sometimes the only thing we can do is pray.”

A little over seven months after authorities launched a much-ballyhooed, $5.25 billion canal expansion to accommodate many of the world’s largest cargo vessels, they have yet to fully work out a significant kink: With little margin for error, ships are still scraping the walls and prematurely wearing out defenses designed to protect both the vessels and the locks themselves.
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Old March 24th, 2017, 07:02 PM   #259
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Panama Canal Expansion Boosts US East Coast Port Volumes

Quote:
Effects of the canal’s expansion are reverberating well-beyond Panama’s shores, as ports around the world are in varying stages of work to deepen and widen their channels to accommodate the growing number of Neopanamax vessels that can now transit the canal.

Now nearly one year on from the first vessel transit through the expanded waterway, many ports are benefitting, particularly those along the U.S. East Coast.

As it was for the canal, January 2017 was also a record month for many U.S. East Coast ports, including the Ports of Charleston, Philadelphia and Savannah, which recorded 28 percent, 34 percent and 16 percent container volume growths, respectively. For the Port of Charleston, its monthly cargo record follows an annual cargo record set in 2016, after handling 2 million TEUS.

Ports in Virginia and Baltimore also saw record-breaking volumes in 2016. The Port of Virginia handled more than 2.65 million TEUs, a 4.2 percent increase compared to the year prior, while the port of Baltimore handled more than 10 million tons of general cargo and a record number of containers. This growth can be attributed in part to the canal, which has and will continue to draw additional cargo volumes to the region, as ports continue to expand.
-----------------------------

Panama Canal to improve scheduling, efficiency with new platform

Quote:
-The Panama Canal will be employing a new platform by Quintiq, a Dassault Systèmes brand, to better manage vessel scheduling and maritime resources, the Panama Canal Authority announced Wednesday.

-The new system will help managed increased traffic to North American ports by reducing vessel waiting times, increasing daily slot availability and enhancing route reliability, according to the release.

-The partners expects the system's vessel scheduling technology to be fully operational by September 2017, although full integration will take place over the next two years. In addition to scheduling, the technology provider aims to help the Panama Canal reduce operational risk while through greater data.
----------------------

Tehuantepec Isthmus wants to compete with the Panama Canal

Quote:
The expansion of the Panama Canal has inspired several countries in Central America such as Costa Rica and Honduras to build their own dry canals. To achieve this, new roads, railways and ports have been constructed over the last few years.

Now it is the turn of Mexico, which is investing $153 million to spur economic development in the Isthmus of Tehuantepec interoceanic corridor through a comprehensive project that will connect the Gulf of Mexico to the Pacific Ocean and rival the Panama Canal.

The announcement was made by the governor of Oaxaca, who explained that the project includes the construction of a direct highway route between the port cities of Salina Cruz in Oaxaca and Coatzacoalcos in Veracruz.

Alejandro Murat Hinojosa said the $36 million highway will reduce travel time between the two ports from the current four hours.
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Old April 9th, 2017, 12:42 AM   #260
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Panama Seen Regaining Crown as Region's Fastest Growing Economy

by Carolina Millan and Michael D McDonald
‎April‎ ‎6‎, ‎2017‎ ‎3‎:‎43‎ ‎PM‎ ‎EDT


Quote:
Panama will regain its crown as Latin America’s fastest growing economy this year on a surge in trade through the newly-expanded canal and government investment in other infrastructure projects, the finance minister said.

The Central American country will leapfrog the Dominican Republic, growing 5.8 percent in 2017, a year after the $5.3 billion expansion of the canal allowed the passage of larger ships, Dulcidio de la Guardia said in an interview in Buenos Aires.

“We are seeing an acceleration in the economy, product of the Panamanian economy being highly open and very tied to global growth,” de la Guardia said in an interview in Buenos Aires. “The global perspectives are much better this year than last year and that is generating a cascade effect in Panama, increasing the demand for Panamanian services."

Government levies on the Panama canal will surge 50 percent this year to $1.6 billion, about 7 percent of fiscal revenue, following the introduction of a new toll structure and a surge in tonnage shipped through the waterway, de la Guardia said. That money will help finance infrastructure projects, including a $1.86 billion metro line to be completed in 2019 and the $800 million expansion of the Tocumen International Airport.
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