• 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



2019 January 18

14:03 Algoma Central Corporation increases its interest in ocean self-unloader Pool
13:50 18 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 17-18
13:35 Throughput of the Port of St. Petersburg in 2018 up 11% Y-o-Y to 59.32 million tonnes
13:18 CMA CGM unites its Containerships and MacAndrews brands
13:11 Vladimir Putin supports Government’s proposal on expanding Far East Ministry’s functions with Arctic issues
12:49 Throughput of port Kavkaz in 2018 grew by 11% Y-o-Y to 49.276 million tonnes
12:26 MV Werften purchases Neptun Ship Design
12:08 Sakaide shipyard holds naming ceremony for new LNG carrier jointly owned by NYK and JERA
11:38 PGNiG SA signs agreement for oil and gas exploration and production in UAE
11:14 Remote pilotage to be allowed in Finland
10:47 Free zone status is a crucial advantage for the future development of the Freeport of Riga
10:06 Ice restrictions at the port of Ust-Luga come into effect on January 31
09:42 Brent Crude futures price up 0.9% to $61.73, Light Sweet Crude – up 1.09% to $52.64
09:20 Baltic Dry Index is up to 1,077 points

2019 January 17

18:13 PORT OF KIEL presents annual results 2018
17:51 Ice restrictions at the port of Primorsk come into effect on January 25
17:28 Global Ports sets up a common service call centre
17:09 EFIP welcomes and supports the European Parliament position on the Connecting Europe Facility for 2021-2027
17:05 North Sea Port monitoring the Brexit closely
16:44 ABP invests £700K to boost storage at Port of Ipswich
16:27 Global fuel market: still many uncertainties in both demand and supply
16:22 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
16:05 OCEAN Alliance extends duration of OCEAN Alliance to ten years
15:42 COSCO SHIPPING Ports signs agreement with PSA to add two new berths at the terminal in Boao, Hainan
15:31 Liebherr supports the 6th International Forum of Dredging Companies as its Sponsor
15:02 Ocean Yield ASA agrees to acquire a modern Suezmax tanker for a consideration of USD 56.0 mln
14:02 SEACOR Marine enters agreement to acquire three additional platform supply vessels from affiliates of COSCO Shipping Group
13:49 Throughput of Chinese ports grew by 4.2% to 9.22 billion tonnes in 2018
13:32 Jensen Maritime provides design for Shaver Transportation’s new tugboat
13:14 OOCL rolls out third phase of Ocean Alliance product refinements
12:50 Baltic Ports Organization’s schedule for 2019 is set
12:38 Port of Los Angeles breaks all-time cargo record in 2018
12:26 Qatar accedes to load lines convention
12:01 Sunseeker International and Rolls-Royce to present first production yacht with MTU hybrid power in 2020
11:51 Bunker prices continue going down at the Far East ports of Russia (graph)
11:38 Port of Zeebrugge handled 40.1 million tonnes in 2018
11:25 Nor-Shipping reveals stellar line-up for Ocean Leadership Conference
10:52 10 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 16-17
10:28 NOVATEK’s hydrocarbon production totaled 548.4 million boe in 2018, up 6.9% Y-o-Y
10:03 Brent Crude futures price down 0.34% to $61.11, Light Sweet Crude – down 0.54% to $52.03
09:39 Tallink and Taltech to collaborate on developing smart ship solutions
09:17 Baltic Dry Index is down to 1,055 points

2019 January 16

18:36 Kongsberg Gruppen enters into an agreement with Rome AS to divest Kongsberg Evotec
18:06 Seaspan Corporation announces the closing of the second tranche of the $1 billion aggregate investment commitment by Fairfax
17:55 INEOS, Europe’s largest petrochemicals company, announces Antwerp as the location for its new ground breaking 3 billion Euro petrochemical investment
17:50 Throughput of Rostov-on-Don port in 2018 grew by 11.5% Y-o-Y to 24.1 million tonnes
17:36 Rolf A. Sandvik resigns as CEO of The Fjords
17:06 Digging begins in construction of new Antarctic wharf
16:52 Throughput of Russian seaports in 2018 grew by 3.8% Y-o-Y to 816.5 million tonnes (detalization)
16:31 IMO’s polar communication and navigation equipment guidance to be finalized
16:14 COSCO Shipping Lines launches Ocean Alliance 2019 service products
16:10 Ice restrictions at Passenger Port of Saint-Petersburg come into effect on January 25
16:05 Realogis publishes market report on the letting of logistics properties and industrial sites in the greater Hamburg area for 2018
15:46 Ice restrictions at Big Port of St. Petersburg come into effect on January 25
15:33 Verifavia Shipping cements leadership position for EU MRV and IMO DCS IT system certification
15:22 Throughput of Makhachkala Commercial Sea Port almost doubled in 2018 to 2.5 million tonnes
14:57 Houston, Texas will host the 3rd LNG USA Summit on 26-27 February 2019
14:31 Milan, Italy will host the 2nd Small-Scale LNG Summit on 12 February 2019
13:54 CHARLES ANDRÉ Group and Dunkerque-Port join forces to develop combined transport service from Dunkerque
13:25 Société Générale and MPA Singapore join SEA\LNG Board