International Dredging Review

International Dredging Review

Panama Canal Secures Steady Draft

Earlier this year, the Panama Canal implemented water saving measures after experiencing the fifth driest year at the Canal in 70 years. The Panama Canal has now emerged from its dry season equipped to ensure a competitive draft, and thus steady operations for months to come. Having an operational level… Read More

Panama Canal Closes Year With Record Tonnage

The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018. With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as the record tonnage of 442… Read More

Panama Canal Welcomes 6,000th Neopanamax Vessel

In late April, the Panama Canal welcomed its 6,000th Neopanamax vessel through its expanded canal, local canal authority, ACP said. The milestone was reached after the LNG vessel Energy Liberty completed the transit. It traveled southbound from the Atlantic to the Pacific Ocean. “Once again, we are proud to celebrate… Read More

Panama Canal Board Meets Advisory Board in Rotterdam

The Panama Canal Board of Directors and Administration met for three days in November with the advisory board in Rotterdam, The Netherlands, to address the waterway’s performance and discuss opportunities for future growth. Items discussed include the Panama Canal’s financial standing, current operations and projects, industry trends that could impact… Read More

Panama Canal Breaks Record for Tonnage in 2018

The Panama Canal closed its 2018 fiscal year (October 1, 2017 to September 30, 2018) with a record tonnage of 442.1 million Panama Canal tons (PC/UMS), which represents a 9.5 percent increase from the previous year. This surpasses the projection of 429.4 million PC/UMS tons for 2018 and the 403.8… Read More

Fitch Affirms Panama’s Canal “A” Rating

Credit rating agency Fitch Ratings has affirmed Panama Canal Authority’s (ACP) “A” investment grade rating with a stable outlook for its long-term issuer default rating and its senior unsecured notes, ACP said in late August. Fitch said Panama Canal’s “stable” volume performance, solid competitive position, and well-diversified cargo mix help… Read More

Panama Canal Hits New Milestone with Four LNG Transits

The Panama Canal reached a new milestone with the transit of four liquefied natural gas (LNG) ships with beams of up to 160 feet in a single day through the Neopanamax Locks. This breaks the record set on April 17, 2018, when three LNG vessels transited through the waterway on… Read More

Credit Rating Agency Affirms Panama Canal’s Ratings

Credit rating agency Standard & Poor’s has affirmed the A– long-term corporate credit and senior unsecured debt ratings of Panama’s Canal Authority, ACP, while labeling its outlook as “positive,” it said in late July. “The rating affirmation reflects the company’s aa stand-alone credit profile (SACP) and the rating cap of… Read More

Panama Canal Marks Two-Year Anniversary

The Panama Canal marked the two-year anniversary of the inauguration of its canal expansion, the largest enhancement project in the waterway’s 103-year history. To date, the Panama Canal has transited 3,745 Neopanamax vessels; set a monthly tonnage record of 38.1 million tons; and transited both the largest container vessel and… Read More