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Old June 29th, 2017, 04:13 AM   #261
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Expanded Panama Canal Marks One Year Since Opening

June 26, 2017 by gCaptain

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The Panama Canal is marking the one-year anniversary of the inauguration of the new Expanded Canal, describing the milestone as one of the most significant events in the waterway’s 102-year history and a defining moment for the people of Panama and the global maritime industry.

Over the past 12 months, the Expanded Canal’s performance has exceeded what was originally forecast, as global trade routes have been redrawn and its impact has been felt around the world. To date, more than 1,500 Neopanamax vessels have transited the Expanded Canal.

“These transits are a testament to the global maritime industry’s confidence in the Expanded Canal,” said Panama Canal Administrator Jorge L. Quijano.

“The countless accomplishments set over the past year have surpassed even our own expectations for the project. We would like to thank everyone involved, from our customers to our highly-skilled employees, for their role in making this year such a great success.”
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Old August 2nd, 2017, 10:08 PM   #262
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For anyone wanting to tour the new and improved Panama Canal:

Holland America Line Offers More Ways to Experience the Panama Canal in 2017-18 with Eight Ships and 35 Cruises

Published: Aug 1, 2017 2:34 p.m. ET

SEATTLE, Aug. 1, 2017 (Canada NewsWire via COMTEX) --
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Travelers who want to transit the lakes and locks of the Panama Canal will have eight Holland America Line ships and 19 cruises to choose from between fall 2017 through spring 2018. In addition to the full transits, ms Zuiderdam will offer two Southern Caribbean & Panama Canal Sunfarer itineraries that feature a partial transit through the Panama Canal.

With transits ranging from 14 to 23 days, Holland America Line provides guests more ways to experience the famous waterway than any other premium cruise line. During the 2017-18 season, Holland America Line's full and partial transits will carry more than 400,500 guests through the Central American man-made marvel.

"The Panama Canal is among the greatest engineering feats of our time, and its easy access from a U.S. home port makes it one of the most popular longer itineraries we feature," said Orlando Ashford, president of Holland America Line. "There's no better way to become more immersed in the world than by experiencing something like the Panama Canal, where history comes to life as you witness up close what it took to connect these two oceans.

Everyone should transit the Panama Canal at least once in their lifetime."

Last edited by jam5; August 2nd, 2017 at 10:15 PM.
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Old September 14th, 2017, 03:38 AM   #263
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The current Panama Canal:




















































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Old September 14th, 2017, 03:39 AM   #264
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In HD:


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Old October 2nd, 2017, 06:17 AM   #265
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Panama Canal expansion helps boost business at U.S. Gulf, East Coast ports

By Mark Edward Nero |Friday, September 22, 2017

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During the 10 years between when the Panama Canal expansion was first proposed by Panamanian President Martín Torrijos in 2006 and when it was finally inaugurated in 2016, the prevailing thought among some in the maritime shipping industry was that the project, once completed, had the potential to disrupt the chain of goods flowing from Asia to ports on the West Coast of North America.

But in the 15-plus months since the canal’s new set of locks opened in April 2016, results on the East Coast appear to be mixed. Some ports are saying that they’re benefitting from the new lane of traffic that the canal has added, but others say that it’s still too early to tell, or that although business is increasing, there’s no indication that the Panama Canal expansion is the reason why.
To read more.
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Old November 10th, 2017, 05:16 AM   #266
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Expanded Panama Canal May Lead to Reconfigured Supply Chains:

The impact of the expanded Panama Canal was also apparent in many other ports along the U.S. East Coast, which were able to welcome the larger Neopanamax ships from the Canal and saw increased growth.

By Patrick Burnson, Executive Editor · October 30, 2017

Quote:
Following the close of its 2017 fiscal year, Panama Canal authorities announced that the entrepot welcomed a record 403.8 tons – the largest amount of annual volume ever transited in its 103-year history. Industry analysts say the impact on U.S. ocean cargo gateways will soon become evident.

According to its latest throughput figures, the Panama Canal transited a total of 13,548 vessels during its fiscal year (FY17), representing a 3.3 percent increase compared to totals the year before. Thanks to the larger Neopanamax vessels now able to transit the expanded Canal, the growth in traffic translated into a 22.2 percent increase in total annual tonnage from FY16, and helped the Panama Canal surpass the already ambitious cargo projection of reaching 399 million tons.
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Old December 16th, 2017, 05:22 PM   #267
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U.S. Gas Has a Panama Canal Problem That’s Got No Easy Fix

December 8, 2017 by Bloomberg

By Michael McDonald and Naureen S. Malik (Bloomberg)
Quote:
It seemed at the time like a somewhat random, and amazingly fortuitous, coincidence.

Just as the Panama Canal was unveiling a new, fatter set of locks, U.S. shale drillers were readying their very first exports of liquefied natural gas. While the wide-body tankers that transport LNG would’ve had no chance of squeaking through the original steel locks built a century ago, they could easily traverse the bigger channel and shave 11 days off the trip to primary markets in Asia.

But 17 months in, it’s not quite working out as planned. Only a single LNG tanker has a guaranteed passage each day. The natural-gas industry blames the Panama Canal Authority for holdups, and the canal authority blames the industry for being lackadaisical about transit timetables.

Whoever’s at fault, this much is clear: The pressure is on both sides to resolve their problems. For gas exporters, it’s critical to establish credibility as a reliable new source of fuel for clients in Asia. For the canal authority, the stakes are high too, with Mexico and other countries flirting with creating alternative routes as gas demand booms.

“The canal surely has had some issues getting the new set of locks up and running smoothly,” said Peter Sand, an analyst with the shipping association BIMCO. “It has taken longer than the canal and the industry expected.”
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Old June 9th, 2018, 09:52 PM   #268
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Interview: Panama Canal to carry 30 million T of LNG by 2020 as global demand grows

Quote:
The Panama Canal may carry five times as much liquefied natural gas (LNG) in 2020 as it did last year as production of the fuel expands in the United States and Asian import demand rises, the head of the canal’s governing agency told Reuters.

LNG volumes traversing the Canal could hit 30 million tonnes a year before the end of 2020, said Jorge Quijano, who leads the Panama Canal Authority, up from 6 million tonnes last year.

Demand for LNG has risen significantly in the last three years as the increase of supply, especially from onshore shale fields in the United States and offshore reserves in Australia, has made it more competitive. Many countries including China have also been switching to gas more rapidly than expected, away from dirtier coal, for environmental reasons.
Princess Cruises Is Expanding Its Panama Canal Cruises

Quote:
Princess Cruises has announced plans to offer its largest deployment ever to the Panama Canal for the 2019-2020 season, highlighted by the maiden season of the Emerald Princess ship sailing through the canal’s new locks.

Princess, which was the first cruise line to sail through the Panama Canal locks in 1967, carries more passengers through the canal than any other company.
Panama Canal Sets New Monthly Tonnage Record (Again)

Quote:
The Panama Canal set a new monthly tonnage record last month, breaking the previously-held record the third time since the opening of the Expanded Panama two years ago.

The Panama Canal Authority (ACP), the autonomous agency of the Panama Government responsible for the management of waterway, said it recorded a new record of 38.1 million tons after facilitating the transit of 1,231 vessels in May 2018.

The previous record was set in January 2017 when 1,260 vessels transited 36.1 million tons (PC/UMS) through the waterway, breaking an earlier record set just a month earlier with 35.4 million tons (PC/UMS) transited by 1,166 vessels in December 2016.
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Old August 26th, 2018, 05:10 PM   #269
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Chinese consortium to build fourth Panama Canal bridge
Excerpt

PANAMA CITY, July 29 (Reuters) - A group formed of China Communications Construction Co Ltd (CCCC) and China Harbour Engineering Company Ltd (CHEC) won a $1.42 billion contract build the fourth bridge over the Panama Canal, Panama’s government said.

The 6.5-km (4-mile) bridge will have six car lanes and a two-way metro line. The Chinese companies initially won the contract in June but the award was postponed after rival bidders appealed the decision.

The construction is estimated to begin this year and will take three years.
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Old March 9th, 2019, 10:09 PM   #270
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Will the old locks be reconstructed to match the new ones?
Making the new Panamax be able to go in both of the locks?
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Old May 4th, 2019, 04:52 AM   #271
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World's 2nd-biggest LNG tanker-class vessel to transit Panama Canal for first time
Excerpt

May 3 (Reuters) - A 'Q-Flex' LNG tanker, the world's second-largest class of liquefied natural gas carriers, is set to pass through the Panama Canal for the first time, the canal's CEO said, expanding the Americas to Asia trade route for the fast-growing commodity.

The 'Al Safliyah', which can carry about 210,000 cubic metres of LNG, is on its way to Panama from the North Pacific after discharging a cargo from Qatar into Korea Gas Corp's (KOGAS) Tongyeong terminal on April 21, shipping data in Refinitiv Eikon showed.

"This is the first Q-Flex to transit the Panama Canal," Jorge Quijano, chief executive of Panama Canal Authority told Reuters.

It comes after the canal was expanded in mid-2018 to handle larger oil and gas tankers.

"This size of vessel ... could be deployed to carry LNG from the natural gas liquefaction plants in the U.S., Trinidad and Tobago and Peru," Quijano said.

The ship is on a long term charter to Qatargas, the world's biggest LNG producer, according to LNG trading and broker sources. Qatargas did not respond to a query for comment.

The vessel's owner, Qatar Gas Transport Co (Nakilat), said in March that it had assessed the ability of 'Q-Flex' class LNG carriers to safely pass the Panama canal's new locks in the near future.

At 120,000 deadweight tonnes, the 'Q-Flex' LNG tanker, is not the biggest ship to have passed through the Panama Canal, which has accommodated container ships of around 140,000 tonnes.

More : https://www.reuters.com/article/us-l...-idUSKCN1S906D
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Old June 18th, 2019, 08:36 PM   #272
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Quote:
Originally Posted by 1772 View Post
Will the old locks be reconstructed to match the new ones?
Making the new Panamax be able to go in both of the locks?
No one knows if this will be the case?
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