New environmental rules for Panamanian ships

The ratification of the 2001 Bunker Convention by Panama will increase insurance costs for ships.

Friday, February 6, 2009

The "International Convention on Civil Liability for Bunker Oil Pollution Damage," means that the owner of the ship is responsible for pollution damages caused by bunker fuel in the ship and for covering the cost of preventative measures.

According to the article on "...ships flying the Panama flag will need to have increased insurance coverage for oil pollution damage."

More on this topic

Panama: Movement in Ports Up 10% in 2017

January 2018

In 2017, Panamanian ports handled 6.9 million containers, 10% more than in 2016.

According to figures from the Panama Maritime Authority, the largest growth in container movement was registered at the Cristobal port terminal, increasing from 793 thousand TEUs in 2016 to 1.3 million TEUs in 2017, which is equivalent to an increase of 65%. 

Transit through the Expanded Panama Canal

August 2016

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.

An article on reports that "...  During the first two months of operation of the expanded Canal 130 neopanamax ships were reported to have passed through, most of them container ships, bringing in total revenues of $68 million.  Since the expanded Canal opened on June 26, business has been growing, with 2 new services coming from the Suez Canal, said the Canal Administrator Jorge Luis Quijano."

Panama: New Rules for Maritime Traffic

October 2014

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.

The Traffic Separation System (TSS) devices consist of three which will be placed in the Pacific, one in the Atlantic and one at the entrance of the canal, and will allow for organisation of vessel traffic in congestion areas as well as providing protection for humpback whales .

Panama get maritime navigation control

January 2009

8,000 ships will be identified and tracked remotely via satellite.

Vizada, along with Absolute Maritime Tracking Systems, were selected by the Maritime Authority of Panama to provide long rage identification and tracking (LRIT) for more than 8,000 ships in Panamanian waters, in an effort to comply with new regulations which came into effect on January 1.