panama canal News Updates

BusinessLogistics

Panama Canal Says Shipping Congestion Will Last Into 2024

The operator of the Panama Canal said there鈥檚 no immediate prospect of relief from the drought that鈥檚 reduced water levels and snarled shipping and global supply chains.

September 12, 2023
GovernmentBusinessLogistics

Panama Canal Congestion Threatens US Trucking

Panama Canal officials say limiting how many ships can go through the waterway could have downstream effects on U.S. trucking like slowdowns and bottlenecks.

August 31, 2023
GovernmentBusinessLogistics

Panama Canal Proposes Toll Revamp

The Panama Canal Authority proposed a comprehensive restructuring of its toll system April 1 that would increase rates charged on cargo such as vehicles, oil and gas, and soybeans that cross the waterway as ocean shippers rake in record profits.

April 1, 2022
Business

Fitch Ratings Affirms Panama Canal 鈥楢鈥 Investment Grade

For the fourth consecutive year, Fitch Ratings has affirmed the Panama Canal鈥檚 鈥淎鈥 investment grade rating with a stable outlook for its long-term issuer default rating and its senior unsecured notes, according to the Panama Canal Authority.

August 19, 2019
GovernmentBusinessLogistics

Port Tampa Bay Finishes Deepening, Hopes for More Cargo

Port Tampa Bay completed a $63 million expansion of its Big Bend Channel a year ahead of schedule, port officials said, as the Sunshine State eyes grabbing more freight from shippers while serving a growing distribution corridor in Central Florida.

June 5, 2019
BusinessEquipmentLogistics

Port of Baltimore Welcomes Its Largest Cargo Ship

Towering over the Port of Baltimore鈥檚 Seagirt Marine Terminal, Evergreen Line鈥檚 containership Triton arrived in the predawn hours of May 24 after navigating the Chesapeake Bay carrying 14,424 containers, making it the largest container vessel to dock in Maryland.

May 29, 2019
GovernmentBusinessLogistics

With Strong Traffic, Panama Canal Bonds Get Upgrade

The Panama Canal is doing so well, it got its credit rating upgraded by Moody鈥檚 Investors Service.

March 20, 2019
BusinessTechnologySafetyLogisticsTCA

Channel Pilots Use Simulator to Practice With Behemoth Neopanamax Ships

Capt. Tom Goodwin stood on the bridge of an oil tanker and looked upon the familiar Bayport Container Terminal. But instead of peering out a vessel鈥檚 front windows, he was in a high-tech simulator gazing intently at 13 monitors.

August 4, 2017
Business

Panama Canal Does Some Good for Environment While Upending Historic Trade Routes

Fresh from a $5.25 billion, nine-year expansion that鈥檚 upending decades-old trade routes, it turns out the Panama Canal is also doing a little good for the planet.

July 7, 2017
Business

Expanded Panama Canal: Huge Ships, Port Projects but Experts Unsure of Its Impact a Year In

One year into operations of the expanded Panama Canal, the freight transportation world has witnessed leviathan containerships, gargantuan land-based cranes and dredging projects along the U.S. East and Gulf Coasts, but intermodal shipping professionals say it鈥檚 too early to quantify the precise impact of the massive infrastructure project.

July 6, 2017