• 2018 January 23 14:23

    President Varela from Panama visits the port of Rotterdam

    The Panamanian President Varela is to visit the port of Rotterdam on Monday, 22 January. Hosts are Allard Castelein, Port of Rotterdam Authority CEO, and Ahmed Aboutaleb, Mayor of Rotterdam, port of Rotterdam said in its press release.

    The 81-km-long Panama Canal connects the Caribbean Sea with the Pacific Ocean. It is an important route in intercontinental transport, as vessels would otherwise have to sail around South America. A vessel sailing from New York to San Francisco via the canal covers a distance of 9,500 kilometres. This is less than half of the 22,500 kilometres via Cape Horn. On 15 August 1914, American steam ship Ancon was the first vessel to travel through the canal.

    The Panamax is a term for the maximum dimensions of a vessel travelling through the old Panama Canal locks. New, larger locks opened to shipping traffic in 2016. Vessels that can pass through these locks are called Neopanamax or New Panamax vessels. A vessel that is too large for the new locks as well is called a Post-Panamax vessel. Container ships with a capacity of 5,000 TEU can pass through the old locks. The new locks are suitable for vessels up to some 13,000 TEU.

    Panamax (maximum dimensions of a vessel for the old Panama Canal locks):
     Length: 294.1 m (965 feet)
     Beam: 32.3 m (106 feet)
     Draught: 12 m (39.5 feet) in tropical freshwater (draught depends on salt content and water temperature)
     Height: 57.9 m (190 feet) above the waterline in tropical freshwater

    Neopanamax (maximum dimensions of a vessel for the new Panama Canal locks):
     Length: 366 m (1201 feet)
     Beam: 49 m (161 feet)
     Draught: 15.2 m (50 feet)
     Height: 57.9 m (190 feet) above the waterline
    Container Ship Cosco Shipping Panama

    On 10 June 2016, a 250-metre-long tanker, the Baroque, undertook a test sail assisted by tug through the new Panama Canal locks. Around two weeks later the Chinese Container Ship Cosco Shipping Panama was the first to pass through the new canal. Vessels that can fit through the new canal have a joint capacity worth 79 percent of global freight capacity. This capacity was only 45 percent for the old locks. For container ships, the proportions are 37 percent in the old and 85 percent in the new situation.

    Panamanian flag
    Panama’s prestige in shipping is of course also due to its flag. It was one of the first countries to devise an attractive tax construction for ship owners. These days there are many more cheap flags of convenience. Vessels register their flag in the ship register of such a country to reduce costs - low tonnage taxes and registration fees - or to circumvent government regulations in their own country. Last year 1,053 of the 29,600 sea-going vessels arriving in Rotterdam carried the Panamanian flag.

    port of Rotterdam



2018 October 17

18:03 PGNiG and Venture Global LNG announce LNG Sales and Purchase Agreements for 2 million tonnes per year
17:46 The Freeport of Riga Authority continues to develop cooperation with China
17:22 Port Manatee enjoys record fiscal year with diverse growth
17:00 North Sea Port and Titan LNG successfully supply sea-going vessel with LNG fuel
16:55 33 LNG carriers and 8 gas condensate carriers with export cargo left port Sabetta in April-June 2018
16:24 Baku International Sea Trade Port launches two new tugboats
16:02 Hapag-Lloyd announces General Rate Increase for East Asia to Mexico, Central America, West Coast of South America, Caribbean & Panama trade
15:46 New BIMCO & IBIA Bunkering Guide available
15:23 NOVATEK and Fluxys plan to build an LNG terminal in Rostock
15:02 NYK develops original software that diagnoses combustion chamber problems
14:40 RF Government allocates RUB 8.4 billion for the Far East development
14:21 Scorpio Bulkers announces time charter-out agreements
14:03 CMA CGM implements Empty Repositioning Surcharge for exports from all Turkish ports
13:32 Ørsted contracts Van Oord for cable installation Borssele I & II
13:21 Throughput of Ukraine’s seaports in 9M’18 fell by 1.7% Y-o-Y to 95.9 million tonnes
13:04 CMA CGM to introduce new BAF on Asia-Africa trade
12:30 GTT and Dongsung Finetec sign a Memorandum of Understanding
12:02 Maritime and Port Authority of Singapore and partners sign MoU for 3D printing facility and applications in maritime sector
11:53 Identifying barriers to cutting emissions through just-in-time operations
11:27 Norddeutsche Reederei H. Schuldt joins V.Group
10:50 Brent Crude futures price down 0.09% to $81.34, Light Sweet Crude – up 0.06% to $71.88
10:42 CMA CGM to introduce new BAF on Europe-Africa trade
10:37 Damen Shipyards Galati hands over 74-metre fishery research vessel to Angolan government
10:27 Maritime Arctic Competence Center opens in Saint-Petersburg
09:42 KN invests in environmental protection measures
09:20 Baltic Dry Index is down to 1,578 points

2018 October 16

18:33 Maersk Line announces new FAK rates from Mediterranean to West and Central Asia
18:03 ABS holds two seminars at the 58th Genoa International Boat Show
17:55 Throughput of port Kaliningrad in 9M’18 grew by 5% Y-o-Y to 10.65 million tonnes
17:36 Wärtsilä opens the first International Maritime Cyber Centre of Excellence in the world
17:03 CMA CGM announces Overweight Surcharge on Asia and India to Africa trades
16:56 Wärtsilä launches Acceleration Centre in Singapore and partners with MPA and PSA Marine to develop IntelliTug
16:40 Throughput of port Vyborg in 9M’18 up 22% Y-o-Y to 1.33 million tonnes
16:21 Throughput of port Primorsk in 9M’18 fell by 11% Y-o-Y to 39.80 million tonnes
16:03 Höegh LNG announces amendment of the Höegh Gallant time charter
15:44 LUKOIL starts construction of facilities at Rakushechnoye field
15:22 Throughput of port Vysotsk in 9M’18 climbed by 6% Y-o-Y to 13.69 million tonnes
15:03 Avatar Logistics initiates cooperation with Sand & Grus AB Jehander and buys the vessel MS Jehander
14:41 Throughput of port Ust-Luga in 9M’18 declined by 5% Y-o-Y to 72.38 million tonnes
14:20 CMA CGM announces GRR from Far East to West Africa
14:03 Lithuanian Railways, Metrans and the Port of Hamburg strengthen relations
13:52 Throughput of Port St. Petersburg up 12% to 44.22 million tonnes in 9M’18
13:06 Scorpio Bulkers announces update on scrubbers
12:39 Project 22800 small missile ship Burya to be floated out on 23 October
12:13 Rolls-Royce and Intel announce autonomous ship collaboration
11:55 The Port of Riga outlines a vision for future development of Spilve Meadows
11:31 Ørsted selects GeoSea for Borssele 1 & 2 foundation and turbine transport and installation
11:14 Jan De Nul will dredge access channel to Guayaquil Port
11:11 RF Navy’s Baltic Fleet detachment completed tasks in Mediterranean Sea
10:59 Damen Maaskant Shipyards Stellendam celebrates 70 years and bids farewell to director Frits van Dongen
10:50 Detachment of RF Navy's Pacific Fleet completes visit to Republic of Korea
10:28 WMU holds needs assessment workshop in Jordan
10:02 Brent Crude futures price up 0.31% to $81.03, Light Sweet Crude – up 0.11% to $71.86
09:43 IMO ​pushing forward with tackling greenhouse gas emissions
09:17 Baltic Dry Index is up to 1,584 points

2018 October 15

18:23 MOL joins hands with partners to launch FOCUS project
17:59 Moscow to host a conference on construction of LNG-powered and LNG bunker ships on October 24
17:46 Algoma announces cancellation of Croatian newbuilds contracts
17:05 Klaveness Combination Carriers AS registered on NOTC
16:56 Tall ships arrive at Port of Ipswich as part of 'Race of the Classics'