Gulf ports expanding their way to bigger profits

FREEPORT, Texas — Located in southeast Texas where the Brazos River empties into the Gulf of Mexico, Port Freeport is one of the ports best poised to accommodate bigger ships crossing the enlarged Panama Canal, officials say.

It is one of several ports that have embarked on massive expansion projects in recent years, anticipating more traffic and larger vessels coming through the canal.

“The canal’s expansion is a big part of our growth,” Cecil Booth, project engineer at Port Freeport, told...

https://www.freightwaves.com/news/gulf-ports-expanding-their-way-to-big-profits

Panama Canal To Allow Ships To Use The Maximum Draft Of Neopanamax Locks

Hyundai-Hope-Panama canal

The Panama Canal announced that as of 24th September, they will be able to transit with a draft of 50 feet, the maximum offered by the neopanamax locks, as a result of resource planning measures, efficient use of water and recent rains in its river basin.

“For the first time in 20 months, the interoceanic route has the capacity to allow ships to use the maximum draft of the Neopanamax locks, as a result of a combination of factors aimed at providing clients with a more profitable route for their...

https://www.marineinsight.com/shipping-news/panama-canal-to-allow-ships-to-use-the-maximum-draft-of-neopanamax-locks/

What’s Next for Grain and Coal Ship Transiting Through Panama Canal?

Since the Panama Canal’s larger ‘Neopanamax’ locks debuted in June 2016, the spotlight has shone on container ships and carriers of liquefied natural gas and liquefied petroleum gas. There has been relatively little focus on dry bulk, even though it remains the canal’s highest-volume cargo type by far, writes Freight Waves’ Senior Editor Greig Miller for the 3rd part of  their three part series elaborating on shipping prospects and trends.

The Key Trends

The Neopanamax locks, which recently...

http://mfame.guru/whats-next-for-grain-and-coal-ship-transiting-through-panama-canal/

Nakilat Utilises Newly Expanded Panama Canal To Reduce Voyage Duration

  • Nakilat’s LPG vessels have transited through the newly expanded Panama Canal some 16 times.
  • As one of the world’s leading transporter of clean energy, Nakilat’s fleet of 70 vessels deliver to more than 26 countries across the world.
  • The Panama Canal is one of the most commonly traversed waterways connecting the Pacific and Atlantic Oceans.
  • Its expansion in 2016 allowed for Neopanamax vessels to now transit through the canal locks allowing a shorter voyage.

Nakilat’s LPG vessels have transited...

http://mfame.guru/nakilat-utilises-newly-expanded-panama-canal-to-reduce-voyage-duration/