• 2023 November 30 12:43

    Container lines expect greater Panama Canal disruption

    Container carriers are preparing for increased disruption at the Panama Canal as transit numbers continue to be reduced, and MSC and CMA CGM have both announced surcharges for the waterway, according to Seatrade Maritime.

    As previously reported on Seatrade Maritime News the Panama Canal Authority (ACP) has announced further restrictions to vessels starting with only 22 transits from 1 December and declining to 20 ships on 1 January and just 18 ships from 1 February until further notice, as the water levels decline.

    Consultancy Alphaliner reported: “Since Q2 [2023], the maximum draught for ships transiting the Panama Canal has been lowered from 14.94m to 13.41m, which reduces the carrying capacity of neo-panamax ships by up to 1,500 teu.”

    ZIM is one of the major carriers affected by the canal’s draught restrictions which the company’s EVP and CFO Xavier Destriau said had become an area of “focus and attention” that was preventing the carrier from meeting its schedules and providing its customers with the reliability that they demand.

    Southeast Asia to Baltimore service will have new larger vessels, but so far the carrier has resisted deploying further vessels to meet the draught restrictions and to maintain schedule reliability.

    ZIM has so far resisted adding Panama Canal surcharges, however, some of its competitors have decided to cover the extra costs through a levy.

    CMA CGM will impose a $150 per teu ‘Panama Adjustment Factor’ (PAF) from 1 January 2024, citing the impact of both the transit restrictions and higher Canal tariffs implemented in January. And MSC has announced a PAF of $297 per teu for its Asia-US East Coast/US Gulf and Asia/Caribbean services transiting the Canal, effective from 15 December, said Alphaliner.

    Measures taken to preserve the draught levels, such as the use of water saving basins in the and cross-filling in the panamax locks, levels in the Gatun Lake are said to be “at unprecedented levels for the time of year”.

    Unlike bulk carriers and tankers, which have been looking for alternatives to the canal, liner companies have not seen major disruptions in the number of container vessels transiting the Panama Canal, at least up until now.

    Hapag-Lloyd CEO Rolf Habben Jansen told Alphaliner that the carrier is closely monitoring the situation to see if one or more loops should be re-routed via the Suez Canal.




2024 February 29

16:42 President Vladimir Putin encourages foreign companies to actively use the opportunities of the NSR
16:14 MABUX: Bunker Weekly Outlook, Week 09, 2024
15:56 President Putin calls for upgrading the country’s inland waterways core infrastructure
15:24 The Bollore Group and the CMA CGM Group announce the successful sale of Bollore Logistics to CMA CGM
14:41 CMA CGM resumes operations in the Red Sea
14:09 TotalEnergies to supply Sembcorp with 0.8 Mtpa of LNG for 16 years
13:44 MOL and Idemitsu Kosan to launch demonstration test of recycling used plastics generated aboard VLCC
13:22 Six Arctic expeditions on the 50 Let Pobedy nuclear icebreaker planned for 2024
13:15 NYK Group acquires UK-based delivery platform business for e-commerce operators
13:07 President Vladimir Putin: Russia intends to build effective logistics corridors with friendly countries
12:51 TECO 2030 and Umoe Mandal receives preliminary approval for high-speed vessel design
12:14 ClassNK has awarded AiP for the design of a multi-functional floating offshore windfarm support vessel
11:30 Port Houston container volumes up 4% to 332,961 TEUs in Jan 2024
11:10 Swedbank adopts Poseidon Principles for carbon footprint reporting of shipping portfolio
10:42 Authorities give Conoco Phillips permission to launch Eldfisk nord in the North Sea
10:24 LNG dual-fuel BYD Explorer No.1 visits Bremerhaven for the first time
09:47 DeepOcean to inspect pipelines for Equinor

2024 February 28

18:07 Fratelli Cosulich takes delivery of second LNG bunkering vessel
17:44 Idemitsu, Mitsubishi and Proman join forces to develop a clean ammonia project in the United States
17:13 CULines and IAL to launch a new South China – Vietnam – Thailand service SCT2 in March
16:47 Saudi container line Folk Maritime launched
16:25 China's shipbuilding industry grows in 2023 under US sanctions
15:58 Japan, China, and Greece retain global leadership in shipowning
15:32 Jumbo Shipping, SAL Heavy Lift and Intermarine join forces in new commercial joint venture
14:58 Port of Hamburg handled a total of 114.3 million tonnes of goods in 2023
14:23 SITC launches new "Weifang-Japan" service with successful maiden voyage
13:48 Pier 400 in the port of Los Angeles upgrades its terminal operations fleet
13:13 Congo becomes an LNG exporting country
11:59 DEME reports 2023 results
11:13 KOTUG Canada holds steel cutting ceremony for two high bollard pull methanol fueled escort tugs for Trans Mountain Expansion Project
10:46 MOL's ammonia bunkering vessel receives AiP from Bureau Veritas

2024 February 27

18:07 Serco named preferred supplier for Vard Marine's naval modernization project
17:45 Ascenz Marorka’s mother company acquires Danish VPS
17:22 Majestic Fast Ferry has commissioned Incat Crowther to design a new second generation 39-metre passenger ferry
16:47 FSRU reaches NFE’s Barcarena LNG terminal in Brazil
16:24 Wartsila introduces Ammonia Fuel Supply System to ease shipping’s transition to ammonia fuel
15:54 Piraeus Port Authority and Guangzhou Port Group sign MoU
15:14 DNO Norge orders Noble jack-up rig for drilling work in Norway
14:40 Stena Evolution and Shell team up for innovative deepwater drilling project in the Gulf of Mexico
14:23 OOCL adds the eight eco-friendly 24,188 TEU ship
13:40 Port of Tanjung Pelepas completes first LNG bunkering operation
13:02 HD Korea Shipbuilding wins $267.8 mln order for 2 car carriers
12:45 Wallenius Wilhelmsen declares options for four additional Shaper Class vessels
12:09 Consortium of MOL, ITOCHU Corporation, HIF Asia Pacific and JFE Steel Corporation to pioneer synthetic fuel supply chain and CO2 marine transport initiative
11:42 CMA CGM, COSCO SHIPPING, Evergreen and OOCL to extend OCEAN Alliance until 2032
11:18 The 7th Hydraulic Engineering Structures and Dredging Congress kicks off in Moscow
10:52 Port of Oakland container volume up in January 2024
10:23 CMA CGM updates FAK rates from India to Europe and the Mediterranean
09:57 Biofuel reduces the climate impact from a Green Sea Conference by 90 per cent

2024 February 26

18:06 Cetus Maritime merge with Nachipa Corp
17:32 HD Korea Shipbuilding wins US$1.08 bln order for LNG ships
17:17 Asian shipping companies to face over €1 bln in emissions costs under new EU regulations
16:57 Panama Canal’s revenue up 14.9% to $4.968 bln in 2023
16:24 DP World and Masdar partner to drive renewable power for port operations
14:59 Singapore's Seatrium announces loss of $1.4 bln in 2023
14:24 Euronav orders two eco-friendly bitumen tankers
13:52 Vopak advances Singapore's bunkering hub with new biofuel capacity
13:22 Germany's Mukran LNG terminal starts trial operations
12:42 Glomar Offshore reduces CO2 emissions by 28% with transition to sustainable biofuel
12:22 Oil tanker shortage exacerbates global petroleum trade disruptions amid Red Sea attacks
11:48 QatarEnergy to boost global LNG production with new North Field West project
10:29 European Commission clears acquisition of Bollore Logistics by CMA CGM

2024 February 25

15:46 Mitsubishi Shipbuilding completes basic design of ammonia fuel supply system for marine engines under development by WinGD
14:33 Final tender for technical support opens for aids to navigation maintenance in Australia
13:18 HII launches Virginia-class submarine Massachusetts at Newport News Shipbuilding
12:07 IMO agrees new guidance for safe transport of plastic pellets on ships
10:25 ​QatarEnergy names the first carrier of its LNG expansion fleet

2024 February 24

15:17 CMA CGM announces RRI03 from North Europe & the Mediterranean to/via USA, Canada & Mexico
14:31 Hanwha Ocean seals $256 million deal to build VLCC pair
12:38 New cable layer joins Boskalis fleet following major conversion