Shanghai – Panama Transit Accelerated
Evergreen Line shipping company has announced a new transit time of 25 days for their Far East - Panama Service from Shanghai to Colón.
Monday, April 6, 2009
The company shortened the transit time between the Taiwan hub at Kaohsiung to Mexico from 23 to only 16 days, resulting in a transit time of 25 days for the route from Shanghai to the Caribbean hub in Puerto Colón, Panama.
The ratification of the 2001 Bunker Convention by Panama will increase insurance costs for ships.
There has been an increases in traffic of neopanamax ships, which now produce revenues of $68 million, as well as extra maritime services that used to go through the Suez Canal.
ICS member companies fear a further negative impact from the effects of the global economic crisis, if Panama applies a toll hike from July 1.
The new traffic separation system which comes into effect on December 1 establishes four instruments in the passage of the canal and coastal protection zones for environmentally sensitive sites.
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