• 2019 May 21 15:03

    Panama Canal announces enhancements to its Green Connection Environmental Recognition Program

    The Panama Canal Authority, announced enhancements to its industry-leading Green Connection Environmental Recognition Program, the company said in its release. The award-winning initiative encourages the shipping industry to mitigate the environmental impact of their operations through an incentive-based system that includes the Green Connection Award, the Environmental Premium Ranking and the Emissions Calculator.

    The announcement took place on the heels of the IMO's Marine Environment Protection Committee (MEPC74) in London, where the Panama Canal participated.

    Starting September 2019, the Emissions Calculator will feature georeferenced data to improve the quality and precision of the carbon emissions data of vessels transiting the Canal. The tool aims to give customers - and the Canal - clear insight into their carbon footprint to incentivize environmental stewardship and reduce greenhouse gases (GHG).

    The Environmental Premium Ranking will factor in the use of low-carbon fuels and environmentally conscious transit operations starting mid-September. This ranking affords customers with high environmental efficiency standards the opportunity to improve their position within the Panama Canal's Customer Ranking System.

    The Canal will also bring about updates to other carbon-reduction and watershed conservation initiatives. The Environmental Economic Incentives Program, which allows local communities in the watershed region to engage in reforestation, environmental education and economic incentive programs to improve their quality of life, will start the second phase of its aggressive reforestation efforts in the second half of 2019.

    The program's goal is to reach more than 4,000 reforested hectares within the next five years. Additionally, the Panama Canal will commission a study to quantify and analyze the environmental and wildlife conservation benefits of the Panama Traffic Separation Scheme (TSS) approved in 2014 by the IMO aimed at protecting whales from ship collisions.

    Over the last 105 years, the Panama Canal has offered shippers an unparalleled, environmentally sound route. Given the shorter traveling distance and larger capacity offered, the Panama Canal consistently reduces fuel consumption and emissions, generating less GHG compared to other routes. Most recently, the waterway registered historic transit milestones by Qatargas' Al Safliya Q-Flex carrier, the world's second largest LNG tanker class, and Evergreen's Triton, the largest containership in dimension and container cargo capacity to pass through the Expanded Canal since it opened in 2016. Both transits offer the benefits of economies of scales to the Canal's customers, while contributing to emission reductions. Of the more than 50 million tons of carbon dioxide (CO2) reduced since the inauguration of the Expanded Canal, the Neopanamax Locks are responsible for the reduction of more than 35 million tons of CO2. Since its opening in 1914, the Panama Canal has helped reduce more than 750 million tons of CO2.

    About the Panama Canal Authority (ACP)
    The Panama Canal Authority (ACP) is an autonomous legal entity of the Republic of Panama in charge of the operation, administration, management, preservation, maintenance, and modernization of the Panama Canal, as well as its activities and related services, so that the Canal may operate in a safe, continuous, efficient manner.




2019 June 25

18:06 VARD orders seawater cooling for newbuild cable layer
17:34 ABP Humber Estuary Services (HES) purchased new £600,000 survey vessel
17:06 Q-Flex vessel sets delivery benchmark in Turkey
16:28 Awilco LNG posts vessel and contract update
16:22 Zhatai Shipyard to be provided with RUB 4.1 billion of budget investments in 2019–2021
15:59 Maersk introduces Maersk Spot, a new fully online product that simplifies the buying process for customers
15:15 NCSP Group announced decisions made at annual general shareholders' meeting
14:51 IMO: committed to implementation
14:20 ABP King’s Lynn investment attracts new construction industry customer
13:37 MAN B&W dual-fuel engines pass half-million hour milestone
12:59 ECSA celebrates the Day of the Seafarer
12:47 Bunker market sees mixed price movements at the Far East ports of Russia (graph)
11:58 Fuel technologies in the spotlight at ABS Hellenic Technical Committee
11:39 Dickson obtains status of international port
10:58 MEYER WERFT hands over Spirit of Discovery to the British cruise line Saga Cruises
10:42 Concordia Damen ships 18 hulls from Shanghai to Rotterdam
10:24 Gender equality is the theme of Day of the Seafarer 2019
10:03 Brent Crude futures price is down 0.81% to $63.66, Light Sweet Crude – down 0.88% to $57.39
09:46 MABUX: Bunker market this morning, June 25
09:16 Baltic Dry Index is up to 1,258 points

2019 June 24

18:05 Training Montenegro to combat oil spills
17:50 Four cruise ships visit the Port of Riga at the same time
17:27 Finnish Government proposes supplementary appropriation of EUR 40 million for basic infrastructure management
17:05 Austal delivers third guardian class patrol boat to the Australian Department of Defence
16:47 Incat Crowther announces contract to design a 65m catamaran passenger ferry
16:46 Construction and operation of dual-fuel ships has low economic efficiency – USC President
16:45 Maersk Drilling completes sale of jack-up Mærsk Giant
16:24 USC set to build floating electricity-generating facilities running on LNG supplied by bunkering ships
16:03 Van Oord and Mammoet enter into cooperation with scale-up Verton
15:45 United Shipbuilding Corporation to launch the first LNG-powered ferry for Ust-Luga – Baltijsk line in late July
15:30 United Shipbuilding Corporation establishes USC-Propulsion and USC-Interior subdivisions
15:03 MOL signs deal on a long-term charter contract to utilize "MOL FSRU Challenger" for Hong Kong Offshore LNG Terminal Project
14:42 New USC Vice-President, Civil Shipbuilding, to get into office on 10 July 2019
14:21 USC expects its Astrakhan cluster to build 12 river-sea class ships per year
14:03 Yang Ming announces new China-Thailand direct service
13:37 Port of Rotterdam Authority to collaborate with four new companies
13:25 Igor Vasilyev appointed as Acting General Director of FTI Rostransmodernizatsiya
13:02 ARIES gained ABS Certification: Middle East 1 st Remote Inspection Techniques specialist
12:20 BC Ferries releases year-end results
12:10 Keel laid for the first of Damen’s revolutionary new FCS 7011 Crew Change
11:56 Average wholesale prices for М-100 HFO down to RUB 15,377 in RF spot market
11:29 FESCO to launch new container train to China via Far East overland route
10:58 Southern Center of Shipbuilding and Ship Repair acquired property of Krasniye Barrikady plant
10:35 Satti floating drilling unit owned by Kazmortransflot delivered to Azerbaijan
10:13 Throughput of Chinese ports grew by 4.1% to 5.5 billion tonnes in Jan-May’2019
09:53 MABUX: Bunker Market this morning June, 24
09:52 Brent Crude futures price is up 0.4% to $64.71, Light Sweet Crude – up 0.68% to $57.82
09:34 Container throughput of port Hong Kong (China) down 7.7% to 7.55 million TEUs in Jan-May’2019
09:17 Baltic Dry Index is up to 1,239 points

2019 June 23

16:29 INPEX submits revised plan of development for Abadi LNG Project
15:13 Oceanwide Expeditions: Hondius sister ship m/v Janssonius ordered for 2021
14:19 CMA CGM announces FAK rates on Asia - Pakistan, India and Sri Lanka service
13:46 Coast Guard rescues five from capsized boat in Chesapeake Bay
12:43 Danske Commodities signs 20-year PPA with Hywind Scotland wind farm
10:29 TMC sets up office to support Chinese yards

2019 June 22

15:24 AAPA selects Christopher Connor as its new CEO
12:37 TMC contracted by VARD to supply marine compressors for Viking Cruises' vessels
11:23 ABS to class first ‘tri-fueled’ vessel for Harvey Gulf
10:13 Port of Oakland steps up as ships carry bigger loads than ever
10:05 Coast Guard responds to barge aground in Naknek, Alaska