• 2018 March 16 10:09

    Panama Canal signs agreement with Association of Soybean and Corn Producers of Mato Grosso

    The Panama Canal signed a Memorandum of Understanding (MOU) in Cuiabá, Brazil that will promote the Panama Canal's position as a route for grain shipments traveling from northern Brazil to ports accessed in the Pacific Ocean.

    The agreement, signed with the Association of Soybean and Corn Producers of Mato Grosso (Aprosoja), will allow the two groups to conduct joint marketing activities and exchange market studies and information on trade flows to support modernization and improvement programs.

    "The increased capacity afforded to us by the Expanded Canal has had far-reaching positive impact across segments, and allows us to access new markets, which could include freight from ports such as those in northern Brazil," said Administrator Jorge Luis Quijano in Brazil. "The Panama Canal is proud to partner with this organization and unleash an exciting opportunity for Brazilian exporters."

    With this agreement, the Panama Canal looks to promote the use of the Panamax locks for soy and corn grain transits originating in northern Brazil and traveling to markets in Asia. These shipments typically transit on Panamax vessels given the similarity between the drafts in the Amazon River ports and the Panamax locks.

    "As the Panama Canal continues finding new and innovative ways to address the ever-changing needs of the global maritime community and international trade flows, this agreement with the Mato Grosso Association of Soybean and Corn Producers further strengthens the common goal of promoting regional trade growth," added Administrator Quijano. "This agreement allows us to maintain our commitment to serving our dedicated customers in an informed, strategic and practiced way, and better positions the Canal in its role as the logistics hub of the Americas."

    Partner group, Aprosoja, created in February 2005, is a non-profit organization comprised of producers linked to the soybean and corn crops in Mato Grosso, Brazil who work to create initiatives to drive sustainable growth in the sector. The agreement was signed by the president of Aprosoja, Antônio Galvan, and Administrator Quijano.

    The MOU's signing comes at a time when exporters of grains from Brazil are enjoying considerable increases in shipment volumes from the year before. Dry bulk, including grains, accounted for roughly 24 percent of the waterway's total transits during its 2017 fiscal year. Since beginning its 2018 fiscal year on October 1 of last year, 21.6 percent of Panamax and 7.9 percent of Neopanamax transits have consisted of dry bulk.

    The Panama Canal has signed MOUs with 36 commercial associations, ports and maritime organizations, the majority of which are in the United States. This agreement with a Brazilian organization is the first MOU between the Panama Canal and a Latin American country.

    Administrator Quijano signed the agreement in Cuiabá, Brazil as a part of a broader visit to the country. During his trip, the Administrator spoke at the Logistics and Innovation Solution to Suit Forum in Recife, Pernambuco, Brazil.

    About the Panama Canal Authority
    The Panama Canal is run by an autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. The operation of the Panama Canal Authority (ACP) is based on its organic law and the regulations approved by its Board of Directors.




2019 March 19

10:04 Draft Decree of RF Government foresees allocation of RUB 4.1 billion for reconstruction of Zhatai Shipyard
09:58 Panama Canal and Maersk to join the IMO-supported Global Industry Alliance to Support Low Carbon Shipping
09:46 MABUX: Bunker Market this morning March, 19
09:19 Baltic Dry Index is up to 721 points

2019 March 18

18:26 American Roll-on Roll-off Carrier loads Army aviation unit cargo in Thessaloniki
18:16 Wagenborg SPMTs to relocate giant MV-piling rig at the port of Rotterdam Maasvlakte
18:05 RF President launched Balaklavskaya and Tavricheskaya TPPs and Port substation in Taman
18:00 Indian Register of Shipping wins 5-year contract to provide Emergency Response Services for 33 vessels of The Shipping Corporation of India
17:36 Kawasaki Heavy Industries delivers bulk carrier Divinegate for Indigo Marine Shipping
17:30 NCSP Group’s consolidated cargo turnover for January 2019 increased by 3.3% to 12.063 million tonnes
17:05 Fincantieri starts works in Ancona on the new ship for Viking
16:38 RF Government allows LNG transportation along Northern Sea Route by certain foreign ships
16:32 Flensburger Schiffbau-Gesellschaft delivers sixth new building Ro-Ro for SIEM
16:27 Castor Maritime announces time charter contract for Panamax vessel with Oldendorff Carriers
16:13 CMA CGM announces GRR from East Coast South America to West Africa, East Africa, South Africa, Arabian Gulf and West Coast North of India
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15:51 Two NYK tugboat subsidiaries to merge
15:33 Global Ports Holding and MSC Cruises announce agreement to support Antigua
15:20 Iceberg to develop design and engineering documentation for nuclear-powered icebreaker of project 10510, Leader
15:13 CMA CGM announces GRR from Asia to South Africa
14:33 CMA CGM to apply GRI from Canada West Coast to worldwide destinations (Excluding Africa, EU, Russia and USA)
14:01 MSC adds vessel to its Lone Star service from Asia to USEC and Gulf of Mexico
13:46 Victor Gusev appointed General Director of Nakhodka Sea Fishing Port
13:27 Jumbo wins offshore subsea decommissioning project in North Sea
13:11 The largest fuel tanker to enter Port of Newcastle
12:55 10 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on March 17-18
12:31 Contship Italia S.p.A. has entered into negotiations with MSC for sale of MCT
12:10 Maersk Line announces FAK rates – Scope Far East Asia to Mediterranean
11:51 Russia, Finland satisfied by shipping and environmental cooperation in Baltic and Arctic regions
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11:02 Incheon Port container volumes up 7.5% to 266,000 TEU in January 2019
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10:15 SCF achieved adjusted profit of USD 6.9 million for 2018 vs USD 5.3 million loss for 2017
09:54 USA, EU and Canada impose sanctions on several Russian shipyards
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09:19 Baltic Dry Index is up to 730 points
08:07 Port of Oakland cargo volume down 1.3 percent in February 2019
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2019 March 17

17:04 HII installed main mast of USS George Washington (CVN 73)
15:12 Anthony Veder expands its fleet with new 30 000 cbm LNG carrier
14:48 Ingalls Shipbuilding hosts keel-laying for America-class LHA 8
13:08 Bouchard takes delivery of ATB unit M/V Evening Breeze and Barge No 252
11:30 SCHOTTEL propulsion systems for IMR vessel “Paul Candies”

2019 March 16

16:48 Borr wins contract in Mexico for premium jack-up rig duo
15:39 Meyer Turku floats out LNG powered cruise ship Costa Smeralda
14:43 KfW IPEX-Bank: Two additional transport vessels for Royal Arctic Line A/S financed
13:51 Kirby closes the acquisition of the Cenac Marine Services marine transportation fleet
12:37 RINA: Investing in industry 4.0 for growth
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2019 March 15

18:29 IMO strengthens coal moister control
18:04 NORDEN invests in West African region
17:08 Wärtsilä's installation of three energy storage systems onboard of offshore construction vessel to deliver fuel and emissions savings
16:44 Autonomous Vessel Protection Detachments supporting the World Food Programme
16:19 TNG secures time-charter employement for product tanker MT Velebit
16:05 Hapag-Lloyd starts new service connecting Turkey and US East Coast – TNE Service
15:46 Finnpilot invests in safety work and the digitalisation of navigation
15:24 Teekay Tankers announces changes to Board of Directors
15:05 CMA CGM updates ISPS (vessel) surcharge
14:40 Ice-class buoy tender of Project 02780М, named Fortuna, joins Rosmorport’s fleet
14:26 Wärtsilä successfully tests remote guidance service capabilities