• 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 August 17

10:45 Crude oil futures price edges down to $71.38 in London, in New York to $65.44
10:07 Latest Sanmar tugboat under trials
10:02 Gazprom Neft 1H 2018 net profit soars 1.5-fold
09:41 Baltic Dry Index adds 2 pts to 1727 points
09:37 Diana Shipping announces time charter contract for m/v Coronis
09:32 Port of St. Petersburg bunker prices close the week on a down note
09:06 Gulftainer invests AED11 mln in road extension
08:27 CMA CGM implements new FAK rates from North Europe and Mediterranean to Australia

2018 August 16

18:45 Kalashnikov Concern’s Vympel Shipyard lays freezer trawler of Project T30
18:06 Port of Dover awarded contract to Solent Marine Ltd to design and fit-out Dover's new marina
17:32 Maersk Line announces rates from Far East Asia to West Africa
17:06 Hapag-Lloyd increases reefer fleet by 11,100 containers
16:56 DFDS orders additional freight ferry (ro-ro) newbuilding from the Chinese Jinling Shipyard
16:52 Sovcomflot’s shuttle tanker Governor Farkhutdinov ships 600th crude oil cargo for Sakhalin-2
16:03 CMA CGM announces GRR from Asia to Mozambique
15:47 Taganrog Sea Commercial Port's H1 2018 employee benefits and rewards programme totals RUB 2.2 million
15:31 Melbourne port operator ICTSI may be investigated by State and Federal authorities
15:09 Bunker prices at Far Eastern ports remain flat
14:33 CMA CGM announces GRR from Asia to Indian Ocean
14:27 MABUX: Bunker prices may change irregular next week
14:13 Maersk Line announces rates from Far East to North Europe
13:42 First ever S-T-S loading of 70000dwt Panamax coal carrier performed at Shakhtersk harbour transshipment location in Sakhalin
13:32 More investment contracts at the Port of Gdansk
13:02 Wärtsilä equipped Canadian ferry will have minimal environmental impact
12:16 Damen Shipyards Galati celebrates 125 years
12:09 Okskaya Sudoverf Shipyard launches 6th serial barge of Project ROB20
12:03 Boskalis presents half-year results and terminates loss-making low-end transport activities
11:59 Port of Oakland container volume up 3.6 percent in July 2018
11:45 Rolls-Royce launches new battery system for ships
10:58 DP World revenue up 14.4% in H1 2018
10:57 VARD secures contract for one autonomous and electric-driven container vessel for YARA
09:39 EU NAVFOR mission operation commander visits Spanish MPRA in Djibouti
09:21 Baltic Dry Index gains to 1725 points

2018 August 15

18:33 Equinor extends partnership with The Arctic Race of Norway
17:56 Port Kavkaz seven-month volumes soar 30% Y/Y to 25.21 million tonnes
17:36 Russian Gov't to allocate RUB 500 million in subsidies to support small-tonnage fishing ships construction, Rosrybolovstvo says
17:34 Maersk Line to rise rates from Far East to East Coast South America
17:30 Yang Ming orders ten 2,800 TEU containerships
17:19 Nor-Shipping 2019 takes place in Oslo and Lillestrøm, Norway, from 04 to 07 June 2019
16:05 New Times Shipbuilding announces delivery of oil tanker
15:04 Rosrybolovstvo looks into building a series of three RVs as from 2020
15:04 Concordia Maritime AB announces interim report for H1 2018
14:12 Multipurpose Reloading Complex spends over RUB 600,000 on employee benefits and rewards programme
13:20 Konecranes to deliver more electric RTGs to Luka Koper in Slovenia
13:02 Join Marinet Conference at SMM 2018, Hamburg
12:32 Prime Minister Dmitry Medvedev gives green light to NLR construction project
12:01 WW Ocean presents new-look trade maps resembling public transit maps
11:15 Port of Vancouver posts H1 2018 results
10:41 Aker Solutions wins orders for Liuhua power umbilical systems in China
10:21 Nor-Shipping 2019 devotes entire hall to new focus on Blue Economy
10:05 Crude oil futures drop 0.22% to $72.3 in London and 0.48% to $66.72 in New York
09:29 Bunker prices at Port of St. Petersburg show mixed movements

2018 August 14

18:30 Hapag-Lloyd annonces General Rate Increase from East Asia to USA and Canada
18:12 FE Railways' loaded freight in Jan-Jul up 2% to 28.2 million tonnes
18:07 Hapag-Lloyd changes terminals at Genoa on its MPS service
17:47 British Ports Association launch Sustainable Development Resolution
17:45 Euro Tank Terminal extends jetty at the port of Rotterdam
17:31 MEYER WERFT holds float out procedure for cruise ship for AIDA Cruises
17:29 APM Terminals launches online customer platform in Bahrain
17:27 MED MARINE delivers a 24m ASD Tug from Turkey to Estonia