13.6 C
Hamburg
Sunday, May 18, 2025
Home Port News Panama Canal is on a constant rise

Panama Canal is on a constant rise

Jim Newsome once would have laughed at the idea of mega-ships hauling 14,000 containers docking at the Port of Charleston on a regular basis.

That was long before the Panama Canal expansion was completed in July 2016.

“I never thought we’d see that,” Newsome, president and CEO of the State Ports Authority, said of the big cargo ships now making their way through the canal to East Coast ports. “There was a time in my career when I would have told you (5,000-container) ships would be the biggest we’d see.”

The canal recently announced another record for cargo, with 442.1 million tons of freight moving through the waterway in the fiscal year that ended Sept. 30. That’s a 9.5 percent increase over the previous year’s total.

The increase was driven primarily by container vessels, although a wide range of ships — including vehicle carriers, chemical tankers and liquified natural gas carriers — contributed to the gains.

“The Panama Canal continues to exceed our expectations, reinforcing every day the importance of the waterway’s expansion and its impact on global maritime trade,” said Jorge Quijano, the canal’s administrator.

Read more on The Post and Courier.





Latest Posts

Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...

US sanctions target Iran-China oil trade, stirring waves across global shipping

As Washington ramps up its campaign to stifle Iranian oil revenues, a new chapter is unfolding in the ongoing tensions between the United States,...
error: Content is protected !!