The Panama Canal Authority is set to become one of the first governmental entities in the world to charge shipowners a fee for their vessels' greenhouse gas emissions. Speaking at the AAPA Latino conference in Cartagena, Colombia, on November 30, Panama Canal Administrator Ricaurte Vásquez Morales announced that the authority is going to implement
Green hydrogen could become a realible solution for facing the threat of climate change and reducing the carbon footprints of many industries. The latest estimates from the International Energy Agency (IEA), published at the end of 2019, foresee an increase in global energy demand of between 25 and 30% until 2040. This indicates the
Climate Change could affect the Panama Canal basin. Source: www.pancanal.com Climate change is one of the biggest challenges facing humanity. Therefore, its effects on health and economy could become worst than those of the pandemic due to covid-19. As a result, the shipping industry could become one of the most affected by this phenomenon.
Container ship Triton crossing the Panama Canal. Source: micanaldepanama.com A few days ago, the expansion of the Panama Canal turned five years old and this brought us some good news: the increase in the length and draft allowed for container ships passing through the neopanamax locks. The new established measures are 370.33 meters (1,215
Fee modifications to be implemented on April 15, 2021, will allow the waterway to simplify its reservation structure and better manage capacity. Panama City, Panama, February 17, 2021 – The Panama Canal announced today that it will modify its transit reservation fees and other maritime services (OMS) in order to better respond to evolving market
For Panama Canal officials, eight Chinese-built tugs remain an arrow in the quiver of the waterway’s tug fleet. But for the Union of Captains and Deck Officers (UCOC), whose members operate the vessels, they are “identified by all as floating hazards”. The union has taken to Twitter to complain that new rules agreed by
Panama's Atlantic Terminals Join the Panama Canal in Efforts to Facilitate COVID-19 Vaccine Distribution Panama City, Panama, February 8, 2021 – Manzanillo International Terminal (MIT) and Colon Container Terminal (CCT), both port terminals located on the Atlantic side of Panama, have joined the collaboration efforts to help optimize supply routes for the distribution of the
Panama Canal Helps Save the Planet More Than 13 Million Tons of CO2 in 2020 The waterway launches CO2 Emissions Dashboard with savings by vessels that use the Panama Canal. Panama City, Panama, January 27, 2021 – By offering a shorter route for ships, the Panama Canal contributed to a reduction of more than 13
Millions of dollars in rejected trade Carriers rejected an estimated 177,938 containers known as TEUs (20-foot equivalent units) in October and November, according to analysis of data compiled from the Census Bureau and the ports of Los Angeles, Long Beach, California, and New York and New Jersey. Shipping carriers rejected U.S. agricultural export containers
Ikea’s Singapore operations called it a “global transport crisis” in a mid-January Facebook post: “The surge in demand worldwide for logistical services at this time has resulted in a global shortage of shipping containers, congested seaports, capacity constraints on vessels, and even lockdown in certain markets, amongst other challenges.” The furniture giant estimated that
