panama canal authority

Panama Canal chief warns proposed US tariffs may disrupt global LNG trade

HOUSTON — The global market for liquefied natural gas could face new obstacles if President-elect Donald Trump goes through with his proposed 60% tariff on imports from China, said Ricaurte Vasquez, administrator of the Panama Canal Authority (ACP).

At the third annual Houston International Maritime Conference, Vasquez said an escalation in tariffs between the U.S. and China could disrupt LNG shipments through the canal.

“As an economist and a believer in the free market, tariffs can work in very...

https://www.freightwaves.com/news/panama-canal-chief-warns-proposed-us-tariffs-may-disrupt-global-lng-trade

Panama Canal upgrades Maritime Services Tariffs section

The Panama Canal Authority released a revamped section for its Maritime Services Tariffs, providing updated and detailed information about toll rates and maritime service costs at the Panama Canal.

The updated section includes a comprehensive list of current toll and maritime services tariffs, available in a drop-down format with a downloadable option. Additionally, there is a Maritime Services Estimation Calculator, which is a tool that estimates the cost of a canal transit including fixed and...

https://container-news.com/panama-canal-upgrades-maritime-services-tariffs-section/

Panama Canal increases vessel draught to 45 feet ahead of schedule

Ship passing through the Panama Canal

The Panama Canal Authority has issued an Advisory to Shipping Lines stating that, effective May 30, 2024, it will increase the maximum authorised draught of the Panama Canal to 45 feet (14 metres). This adjustment, originally scheduled to take effect on June 15, 2024, is being implemented earlier...

https://www.bairdmaritime.com/shipping/dry-cargo/panama-canal-increases-vessel-draught-to-45-feet-ahead-of-schedule/

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...

https://www.freightwaves.com/news/panama-canals-future-is-dark-and-stormy-much-to-shippers-relief

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