• 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.




2018 July 17

18:24 North P&I Club and 24Vision ink partnership agreement
18:07 Lockheed Martin awarded Navy's contract worth more than $450 million in FMS funding for MMSC project
17:55 TransContainer announced its operating results for the second quarter and the first half of 2018
17:27 Equinor buys shares for use in the group's Share saving plan
17:11 Vigor Marine LLC gets Navy's contract for USNS Mercy mid-term availability
16:56 Okskaya Sudoverf puts into operation Belmax 4, fourth non-self-propelled barge of Project ROB20
16:34 Prosafe awarded important contract in Brazil
15:47 Orsted opts for Tekmar's CPS for Borssele 1 and 2 offshore wind farm projects
15:28 Port of Rotterdam places a bee colony in the port area
14:44 Baltic Ports Conference 2018 will focus on financing, economy and energy supply
14:23 Jan De Nul launches ultra-low emission vessel Diogo Cão in China
13:41 Severnaya Verf will lay down a longline factory vessel Gandvik-1 on July 20
13:16 Tidewater and GulfMark to combine to create global offshore leader
12:48 Containership MOL Truth earned 'Ship of the Year 2017'
12:19 15,000 TEU container ship “Afif” named in London Gateway
11:27 Huntington Ingalls begins post-delivery work on USS Gerald R. Ford (CVN 78)
11:17 Boskalis secures contract of total value of $65 million
10:53 Fuel oil prices are flat at the Far East ports of Russia (graph)
10:29 ABS to class FSRU for Turkey’s oil and gas distributor
10:00 Brent Crude futures price up 0.28% to $72.04, Light Sweet Crude – down 0.01% to $67.06
09:14 Baltic Dry Index up to 1,695 points

2018 July 16

18:31 APL adds port calls to West Asia Express Service
18:16 Diana Shipping announces signing and drawdown of a US$75M Term Loan Facility with BNP Paribas
17:55 Director Kopczynska addresses WMU students and faculty on maritime Europe
17:40 Great Lakes announces receipt of $70 million San Jacinto award
17:33 Bollinger Shipyards commits USCG icebreaker program to Florida
17:31 New vehicle terminal announced at the Port of Southampton
17:18 Hapag-Lloyd hikes rates for East Asia-Arabian Gulf trade
17:08 ING Bank signed a USD 80 million syndicated loan agreement with NIBULON
16:43 Minimum training standards for fishers under review
16:25 USCG rescues 7 people from capsized boat near Horn Island
16:20 Port of Antwerp sets new records with best half year ever
15:56 Freeport of Riga showed good growth in the first half of 2018
15:32 Maersk Drilling secures two contract extensions in the North Sea
15:19 Container throughput of port Hong Kong (China) down 3.6% to 9.88 million TEUs in Jan-June’18
15:03 Van Oord will acquire MPI Offshore
14:44 Average wholesale prices for М-100 HFO down to RUB 17,589 in RF spot market
14:35 Wärtsilä to assist Transocean with thruster maintenance optimisation and dry-docking cost reductions
14:25 Jan De Nul Group acquires part of MPI’s offshore business unit
14:11 Fednav accepts delivery of MV Federal Dee, its 60th owned vessel
13:46 Eastern Shipbuilding inks contract with Bisso Offshore for RApport 2400 Ship Handling Tug duo
13:27 Azerbaijan Caspian Shipping Company’s fleet is involved in a new international project
13:07 Court dismisses EUR 9 million claim against Armada Seismic Invest II AS
13:06 Hong Kong will host ShipTek Ship Owning & Ship Management Conference & Awards on 30 August 2018
12:48 Marine Recruiting Agency takes on a project of training crane specialists in Estonia
12:23 SEACOR Holdings announced that it favors a business combination of Dorian LPG LTD. and BW LPG Limited
12:02 IMO head highlights key maritime issues during trip to China
11:25 Fincantieri contracted to build LNG-fueled pair for TUI Cruises
11:01 Baltic Dry Index up to 1,666 points
10:44 Brent Crude futures price down 0.5% to $74.96, Light Sweet Crude – down 0.64% to $69.5
10:25 Mexico benefits from IMO training on port security
10:02 IMO held port emissions training for Argentina
09:52 CMA CGM's FAK rates for Asia to Red Sea trades
09:40 Bunker sales at the port of Singapore in HI’18 up 1.7% Y-o-Y to 25.35 million tonnes
09:18 Port of Singapore throughput in HI’18 grew by 0.8% Y-o-Y to 312.79 million tonnes

2018 July 15

11:24 MAN Energy Solutions ready for SMM 2018
10:43 CMA CGM informs of FAK rates from the Indian Subcontinent to North Europe and the Mediterranean

2018 July 14

12:40 CMA CGM announces GRR for Far East to East Africa trade
11:41 ABP: Container terminal operation expansion to meet growing demand
10:14 Navtek selects Corvus Energy to provide battery for the world's first all-electric tug