Maersk and the Expanded CanalMonday, April 25, 2016 The shipping company has drawn attention to the impact that the Canal expansion will have on its operations noting that there are still only a few ports that can receive Post Panamax vessels. The two routes that the Danish shipping company Maersk Line ceased to operate in 2013 were of great importance for Latin America, whose operations account for 10% of the company's total sales worldwide. Panama Canal Recovers Market in Routes to AsiaTuesday, August 2, 2016 With the entry into operation of the new locks, the Panama Canal is beginning to regain market lost in recent years to the Suez Canal. 60% of vessels transporting cargo between Asia and the United States now passes through the new locks, up from 40% earlier this year. Until the opening of the expanded canal, this market share of maritime cargo went through the Suez Canal. The Expansion of the Panama CanalFriday, June 18, 2010 Full document with the Proposal for the Expansion of the Panama Canal - Third Set of Locks Project The third set of locks project is a plan to expand the Canal’s capacity composed of three integrated components: Worldwide Concern Over Canal Expansion ConflictWednesday, January 8, 2014 The threat of paralyzing the work of the third set of locks of the Panama Canal is keeping maritime and port operators around the world on tenterhooks. The conflict between the construction consortium (GUPC) headed by the Spanish Sacyr and the Panama Canal Authority (ACP), which originated over the demand for the first payment of $1.6 billion in cost overruns and the ACP's rejection of that claim, threatens to extend the opening of the expanded waterway, through which 5% of the world's maritime cargo passes, to beyond 2015. Market Supports Grand Canal of NicaraguaThursday, June 5, 2014 The continuing evolution of maritime transport towards ever larger ships is the main reason that Maersk shipping line sees the mega project as a real option for the future. Commercial validation of the Grand Canal of Nicaragua project has been underpinned by the opinions expressed by the Head of Daily Operations at Maersk Line, Keith Svendsen, who told Shippingwatch.com that while the Panama Canal expansion will allow the passage of much larger vessels than at present, the maximum length that will be admited is 336 meters, while the Triple-E series used by the leading global shipping company, now measures 400 meters. Better Logistics for Trade with AsiaMonday, January 11, 2016 The arrival of the first ships with capacity of 13 TEUs at the Panamanian port of Balboa is evidence of how shipping services are changing, a prelude to the opening of the expanded Canal. Trips taken by cargo bound for East Asia with two major shipping companies in the world, Maersk Line and MSC, will be shorter, thanks to the port at Balboa now being able to manage ships carrying over 13,000 TEUs's, a capacity which is close to the amount carried by ships which will pass through the expanded Canal. The Expansion of the Panama CanalFriday, June 18, 2010 Full document with the Proposal for the Expansion of the Panama Canal - Third Set of Locks Project The third set of locks project is a plan to expand the Canal’s capacity composed of three integrated components: Maersk Will Continue Operating Through Panama CanalTuesday, April 16, 2013 Modification of two routes to pass through the Suez Canal is temporary, until works have been completed on the Panama Canal expansion. So stated by Ariel Frias, marketing and communications manager of Maersk Line, a company which has used the waterway for over 90 years as a route to transport goods to different continents. Transit through the Expanded Panama CanalMonday, August 29, 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 Prensa.com 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 Canal: Differential RatesMonday, March 9, 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. |
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