Search results for: Panama Canal

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  • 27 December 2016
    Business & Finance, Vessels

    The Panama Canal last week welcomed the largest capacity vessel to-date to transit the expanded locks – the 10.589 TEU neopanamax containership Valparaiso Express. This passage ushers in a new era of mega-ships that are now able to transit the Expanded Canal since its inauguration in June this year, the Panama Canal Authority (ACP) said in […]

  • 14 November 2016
    Business & Finance, Equipment, Technology, Vessels

    Ellicott Dredges supplied all the cutter suction dredgers used in the original construction of the Panama Canal in 1907. In 1943, the Panama Canal Authority added the Mindi, also built by Ellicott, to their fleet. This dredger was a key component in the physical and economic expansion of the Panama Canal. Throughout the years, Mindi’s […]

  • 16 August 2016
    Business & Finance

    The Panama Canal celebrated yesterday 102 years of successful operations and service to the global maritime community, just one day after welcoming its 100th transit through the expanded waterway. Less than two months following the Expanded Canal’s historic June 26 Inauguration, the Neopanamax vessel Hanjin Xiamen became the 100th vessel to transit the new locks, […]

  • 8 August 2016
    Business & Finance

    Following the Expanded Panama Canal’s first month of operations, the Panama Canal Administrator Jorge L. Quijano last week presented representatives of shipping lines and shipping agents with an update on the operations of the expanded canal. “We are very pleased with the first month of activity at the Expanded Canal,” said Mr. Quijano. “We have […]

  • 27 June 2016
    Business & Finance, Project & Tenders

    After seven years of construction, the Expanded Panama Canal is now officially open for business. The official inauguration was held yesterday, June 26th 2016, with the Panamanian President Juan Carlos Varela, Panama Canal Administrator and CEO Jorge L. Quijano, together with Canal employees, heads of state and dignitaries from around the world, attending the ceremony. The inaugural transit […]

  • 21 June 2016
    Business & Finance, Project & Tenders

    The Panama Canal Authority (ACP) has conducted another successful trial transit in the Expanded Canal. The transiting vessel, a U.S.-built crane ship named the Oceanus, was maneuvered through the Pacific-facing Cocoli Locks by Panama Canal Pilots Fernando Jaén and Ricardo Varela. The Inauguration of the Expanded Panama Canal will take place on Sunday, June 26 […]

  • 16 June 2016
    Business & Finance, Project & Tenders

    The largest infrastructure project since the waterway’s original construction, the Panama Canal Expansion Program will create a new lane of traffic along the Canal through the construction of a new set of locks, increasing the waterway’s capacity. The existing locks allow the passage of vessels that can carry up to 5,000 TEUs. After the expansion […]

  • 20 May 2016
    Business & Finance, Project & Tenders

    The Panama Canal Authority (ACP) has just released the latest video from the Panama Canal Expansion project. Taken just a few days ago, the picture shows panoramic view of the new Cocoli Locks on the Pacific side. The official opening ceremony of the expanded canal will take place on Sunday, June 26th 2016. According to the ACP, the […]

  • 14 May 2016
    Business & Finance

    In little over one months’ time, the Inauguration Ceremony of the new Panama Canal will mark the completion of the largest infrastructure undertaking in the waterway since the original canal construction back in 1914. The official opening ceremony of the expanded canal will take place on Sunday, June 26th 2016, according to the Panama Canal Authority (ACP). The project was initially […]

  • 10 May 2016
    Business & Finance

    After leading a two-day fact-finding mission to the Panama Canal, aimed at learning more about how the canal expansion program will affect Washington trade, jobs and port competitiveness, Senator Pam Roach has returned to Washington. She returned with an urgent warning for her fellow lawmakers: “We’d better get serious about making our ports more competitive […]

  • 18 April 2016
    Business & Finance

    The International Association of Dredging Companies (IADC) held a five-day Dredging Seminar in Panama last week (April 11-15). During the first two days of the seminar, 32 participants from 13 countries visited the Boskalis’ Punta Pacifica land reclamation project and a rock loading facility in Vacamonte. The third day included the presentations on topics such as site investigation, […]

  • 18 April 2016
    Business & Finance, Project & Tenders

    In little over two months’ time, the Inauguration Ceremony of the new Panama Canal will mark the completion of the largest infrastructure undertaking in the waterway since the original canal construction back in 1914. The official opening ceremony of the expanded canal will take place on Sunday, June 26th 2016, reports the Panama Canal Authority (ACP). The project was initially set […]

  • 15 April 2016
    Business & Finance, Project & Tenders

    Eight years have passed since the beginning of works on the Panama Canal Expansion Program, the largest infrastructure project since the waterway’s original construction. The Expansion Program – which will create a new lane of traffic along the canal through the construction of a new set of locks, increasing the waterway’s capacity – is nearing its completion and is […]

  • 24 March 2016
    Business & Finance, Project & Tenders

    The Panama Canal Authority (ACP) announced yesterday that the Panama Canal Expansion will be officially inaugurated on Sunday, June 26, 2016. The announcement was made during the inauguration ceremony of the Canal’s state-of-the-art Scale Model Maneuvering Training Facility. The President of Panama, Juan Carlos Verela, was in attendance at the inauguration ceremony, along with the Panama […]

  • 15 March 2016
    Project & Tenders

    The Panama Canal Expansion Program, the most important project in recent years, is nearing its completion. The waterway that connects the Atlantic and Pacific Ocean is increasing its capacity through the construction of a third lane in conjunction with the deepening and widening of the waterway to allow the passage of large Post-Panamax vessels. Over 40,000 […]

  • 14 March 2016
    Business & Finance

    The five international financial institutions partially financing the Panama Canal Expansion Program traveled to Panama last week to see the 96.6 percent progress made thus far. During their three-day visit to the Canal, representatives were guided through the Agua Clara and Cocoli locks, as well as the fourth phase of the Pacific Access Channel (PAC-4). […]

  • 24 February 2016
    Business & Finance, Equipment, Technology

    The largest infrastructure project since the waterway’s original construction, the Panama Canal Expansion Program, is now 96 percent complete. The Pacific access channel is 99 percent complete and the third set of locks is now 95 percent complete. When fully complete, the new set of locks will double the capacity of the Panama Canal, creating […]

  • 17 February 2016
    Business & Finance, Project & Tenders

    With only few months left till the official opening of the expanded Panama Canal, the ACP (Panama Canal Authority) and Grupo Unidos por el Canal (GUPC) have just released their latest video on the expansion project. Panama Canal Expansion Project, also called the ‘Third Set of Locks Project‘, is the largest infrastructure project since the waterway’s original construction. When fully complete, […]

  • 29 January 2016
    Business & Finance, Equipment, Technology

    The Georgia Ports Authority (GPA) has ordered four more Ship-to-Shore (STS) cranes from Konecranes for the Port of Savannah, Georgia. The crane purchases, along with the ongoing Savannah Harbor deepening, anticipate the opening of an expanded Panama Canal, set for this year. The Savannah Harbor Expansion Project (SHEP) will deepen the Savannah Harbor federal shipping […]

  • 19 January 2016
    Business & Finance

    The Panama Canal Authority (ACP) has just released its latest video about the waterway expansion project for January 2016. The Panama Canal Expansion works are nearing its completion with only four percent left to be wrapped up. The largest infrastructure project since the waterway’s original construction will create a new lane of traffic along the Canal […]

  • 11 January 2016
    Business & Finance, Project & Tenders

    The Panama Canal Expansion works, the largest since the canal original construction, have reached near completion, with only four percent left to be completed.  In late December, the plug separating Culebra Cut from the new Pacific Access Channel was finally removed. The blasting that was performed on Thursday, 24 December, cleared the way for Panama Canal Dredging Division […]

  • 22 December 2015
    Business & Finance

    The Panama Canal Authority (ACP) has announced that the Panama Canal Expansion project is now 96 percent complete. In line with this, ACP CEO/Administrator Jorge L. Quijano provided a next-step update at an industry event held last Friday in Panama City. “We are very close—only four percent remains to complete the project,” Quijano said. “An expansion […]

  • 21 December 2015
    Business & Finance, Project & Tenders

    The Panama Canal Expansion Program is the largest project at the canal since its original construction. The project will create a new lane of traffic along the canal through the construction of a new set of locks, doubling the waterway’s capacity. The existing locks allow the passage of vessels that can carry up to 5,000 […]

  • 3 December 2015
    Business & Finance, Equipment, Technology

    The Panama Canal Expansion Program, currently 95 percent complete, continues to progress and is one step closer to its opening in 2016. In November, the fourth phase of the Pacific Access Channel (PAC-4) was brought to near completion. Most notably, the 2.3 kilometer-long PAC-4 reached the water level of Gatun Lake, an important milestone in […]

  • 18 November 2015
    Business & Finance

    Panama Canal has just released its latest video about the waterway expansion project for November 2015. The largest infrastructure project since the waterway’s original construction, the Panama Canal Expansion Program, will create a new lane of traffic along the Canal through the construction of a new set of locks, increasing the waterway’s capacity. The new locks […]

  • 20 October 2015
    Business & Finance, Vessels

    The Panama Canal Expansion project is now 94% completed, with the progress of the third set of locks being 95% completed. The project will create a new lane of traffic along the Canal through the construction of a new set of locks, doubling the waterway’s capacity. The existing locks allow the passage of vessels that […]

  • 19 October 2015
    Business & Finance, Project & Tenders

    Seven years had passed since the inauguration of the Panama Canal Expansion Program and the project continues forward at full speed.  The countdown for the completion of the expansion is on where every component, every cubic meter of excavated and dredged rock bring this mega-project closer to the launch phase. Works on the Panama Canal Expansion, […]

  • 6 October 2015
    Business & Finance, Project & Tenders

    The Third Set of Locks, the most important engineering project of the last ten years, which will expand the Panama Canal, has entered its countdown phase and as of today is 95% complete. This communication was given by Grupo Unidos por el Canal (GUPC), which includes Sacyr (Spain), Salini Impregilo (Italy), Jan de Nul (Belgium) and […]

  • 29 September 2015
    Business & Finance, Project & Tenders

    Currently at 93.1% completion, the Panama Canal Expansion Program continues to rapidly progress. This month, the filling of the fourth phase of the Pacific Access Channel (PAC-4) began, bringing Culebra Cut one step closer to connecting with the new Pacific-facing locks. The new channel is 6.1 kilometers long and 218 meters wide, and it is […]