Panama Canal Increases Capacity

A new relay station has increased the volume of vessel traffic to one more per day.

Monday, May 11, 2009

The Panama Canal Authority (ACP) announced today that the second relay station, located at the Cartagena entrance, is operating at 100%.

According to statements by Vice President of Operations Manuel Benítez, "this station allows us to move one more ship per day."

More on this topic

Panama Canal: Differential Rates

March 2015

With the new tariff scheme the Panama Canal Authority intends to exploit economies of scale by encouraging the passage of vessels at maximum capacity with lower rates.

The proposal by the Panama Canal Authority (ACP by its initials in Spanish), indicates in short, that larger capacity vessels would agree to transit the neopanamax locks in order to access best rates and take advantage of economies of scale.

Agreement Between ACP and the Philadelphia Port

June 2009

ACP and the Philadelphia Port seek to expand commerce between both entities by promoting the sea route from Asia to the east coast of the United States via the Panama Canal.

The Authority of the Panama Canal (ACP) signed a Memorandum of Understanding with the Regional Authority of the Port of Philadelphia (PRPA) with the objective of stimulating economic growth and commercial activity between the two agencies.

Partnership Between ACP and Maryland Port

June 2009

The agreement between the Panama Canal Authority and the Port of Maryland seeks to stimulate economic growth and bilateral trade.

The alliance will encourage trade, facilitate information exchange and promote the use of all water routes between Asia and the east coast of the United States via the Panama Canal.

The Maritime Industry Impacted by the Crisis

February 2009

Compared to the 2007 record of 8 billion tons in transports, global maritime commerce fell substantially in 2008, dragged down by the crisis.

A good indication of this is the decrease in the Baltic Dry Index, which is composed of the prices of the maritime transportation of dry cargo.

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