Panama Canal’s future is dark and stormy, much to shippers’ relief

The end of Panama’s dry season is in sight, and the Panama Canal Authority (ACP) plans to welcome more vessels in the coming weeks.

Over six months since the Panama Canal’s reservoir system suffered from the driest October in at least 73 years, the ACP finally sees a path to normalizing operations. On March 25, the ACP allotted three additional transit slots to Panamax vessels, bringing the total number of reservations to 27 per day.

Water levels at Gatun Lake are currently at the low end of...

Panama Canal transits plunge as larger ships are turned away

The official Panama Canal transit numbers for November are out — and they’re ugly. November could be the tip of the iceberg. Reservation slots are being slashed further this month and in January.

The total number of transits declined 22% in November versus October, according to just-released data from the Panama Canal Authority (ACP). And for the first time since the drought began, the numbers are not just falling at the older, smaller Panamax locks. They’re also declining sharply at the larger...

New Panama Canal hybrid tractor tugs will have Wabtec engines

Pittsburgh-headquartered Wabtec Corporation (NYSE: WAB) and its Latin American channel partner, Marinsa International, have recently signed a contract to supply the primary power for 10 new hybrid tractor tugboats being built for the Panama Canal Authority (ACP) by Spanish shipbuilder Astilleros Armón.

Under the contract, Wabtec will deliver two 8L250MDA marine engines for each tugboat. The order is Wabtec’s fourth for marine diesel engines to power the ACP fleet.

“Wabtec is delighted to power...

How war, shipping boom, China lockdowns impact Panama Canal

Panama Canal shipping

What’s the single most important concentration of infrastructure keeping America supplied with goods? The Los Angeles/Long Beach port complex, which handles around 40% of the country’s containerized imports. What’s the second most important? One could make a strong case for the expanded Panama Canal.

America could never have handled the historic import deluge of the past two years if Panama had not built the third set of locks, the larger “Neopanamax” locks that debuted in 2016 and brought much...

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