• 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 September 23

17:07 Scorpio Bulkers announces the sale of two Ultramax vessels for $37.9 mln
17:06 Lloyd’s Register signs up to Getting to Zero Coalition
16:43 Marseille, France to host EUROMARITIME on 4-6 February 2020
16:28 MAN Energy Solutions joins getting to zero coalition
15:24 Hapag-Lloyd increases rates from North Europe to Middle East and Indian Subcontinent
14:24 Ports of Los Angeles and Long Beach release report on the state of clean cargo-handling equipment technology
14:01 Severnaya Verf starts cutting metal for fourth processing trawler of Project 170701 ordered by NOREBO Group
13:39 ESPO Award jury puts ports of Dover, Dublin, Stockholm and UPF in final competition for Award 2019
13:15 Glander International Bunkering opens 8th office globally in Oslo
13:02 ECOSUBSEA achieves requirements to offer sustainable hull cleaning in the ports of Antwerp and Zeebrugge
12:53 Average wholesale prices for М-100 HFO up to RUB 14,725 in RF spot market
12:31 USPA Supervisory Board discussed corporatisation, integrated audit and dividend reduction
12:08 DNV GL’s Veracity strengthens maritime digitalization with new Asia-Pacific hub
11:50 Workshop in Kenya focused on reducing marine plastic from ships
11:36 Abu Dhabi Ports’ container volume up 82.4% in the first half of 2019
11:29 Regional workshop in Saudi Arabia focused on clean shipping in Red Sea, Gulf of Aden and Gulf
11:04 Vympel Shipyard launches fourth Grachonok-class special purpose boat for Federal National Guard Troops Service
10:26 Brent Crude futures price is up 1.1% to $64.99, Light Sweet Crude – up 1.1% to $58.73
10:08 CMA CGM announces FAK rates from Asia to Red Sea
09:47 Container throughput of port Hong Kong (China) down 7.4% to 12.18 million TEUs in Jan-Aug’2019
09:25 Baltic Dry Index is down to 2,131 points
09:08 DNV GL awards AIPs to DSME for ethylene carrier cargo tank designs
08:49 MABUX: Bunker Market this morning, Sep. 23
08:06 Damen completes maintenance work on Innovation at Damen Verolme Rotterdam

2019 September 22

17:03 Höegh increases its frequency to Australia
16:21 USCG Cutter Seneca offloads more than 12,000 pounds of cocaine in Miami
15:16 Algoma announces agreement to acquire Croatian-built dry-bulk carrier
13:03 Van Oord: Second Sand Motor successfully completed
12:47 Ørsted to pioneer deployment of GE’s next generation offshore wind turbine
11:39 ZPMC orders compressors to pipelay vessel

2019 September 21

16:17 USCG responds to breakaway barges striking I-10 San Jacinto River bridge
15:14 Eastern Shipbuilding launches the C.D WHITE for E.N. Bisso & Son
14:06 Boskalis associate Smit Lamnalco signs first 10-year terminal services contract in Mozambique
12:52 Kongsberg wins first full-scope expedition cruise vessel tender, with gensets and propulsion equipment
11:34 Rauma Shipyard bags Finnish Navy's four corvettes order

2019 September 20

18:41 Vostochny Port joins Coordinating Council on Trans-Siberian Transportation as its permanent member
18:22 IAA PortNews offers photo release from 'Development of Icebreaking and Support Fleet' conference held on NEVA 2019 zero-day
18:05 Global Ship Lease announces new five-year $268 mln credit facility for debt refinancing
17:24 Vostochny Port’s harbour services fleet presented at dedicated conference in Saint-Petersburg
17:05 F. A. Vinnen places entire fleet with Verifavia Shipping & Rina for IHM services
16:50 Helsinki Shipyard (Finland) to build two liners for polar cruises
16:35 COSCO SHIPPING Ports announces disposal of interest in various port assets and possible disposal of Taicang Terminal and Jiangsu Petrochemical Terminal
16:21 ABB presents electric power and propulsion solutions for icebreaking vessels at NEVA 2019
16:05 Port of Los Angeles protects overall clean air gains
15:19 Port of Riga rapidly increases volume of handled wood pellets
14:53 South Korean port to slash passenger vessel emissions with ABB shore power
14:15 Krasnoye Sormovo launches Pola Pelagia, dry cargo carrier of Project RSD59З, for Pola Rise
13:30 Damen Shipyards Group is ready to ensure construction of electric water buses for rivers and canals of Saint-Petersburg and Russia
13:12 MSC Cruises and Fincantieri unveil further details of MSC Seashore at coin ceremony
12:24 Victor Olersky sees promising future of electric river passenger ships in Saint-Petersburg and in Russia
12:09 Algoma Central Corporation announces agreement to acquire Croatian-built vessel
11:28 Specifications for 0.50% sulphur fuels and the PAS from ISO: IBIA explains
11:09 GTT obtains Approval in Principle from Bureau Veritas for the Mark III Flex technology on ice-breaking LNG carriers
10:52 IBIA and S&P Global Platts collaborate to help shipping industry comply with IMO 2020
10:31 Workshop for training on emergency response, preparation and planning held in Manila
10:09 Van Oord and Shell test the use of biofuel on trailing suction hopper dredger HAM 316
09:50 State Duma ratifies Convention on the Legal Status of the Caspian Sea
09:33 Brent Crude futures price is up 0.20% to $63.73, Light Sweet Crude – up 0.98% to $58.7
09:25 Lloyd’s Register, China Merchants, GTT, CNOOC, DSIC form jv to design LNG-fuelled VLCC
09:17 Baltic Dry Index is down to 2,192 points