The Panama Canal Authority and Monjasa have formed a five-year partnership to boost community initiatives in the Panama Canal Watershed. This collaboration focuses on environmental protection, education, and community development, aligning with the United Nations Sustainable Development Goals. Key projects will also address decarbonization and enhance community engagement.
The Panama Canal Authority recently marked 26 years of Panamanian administration, celebrating national sovereignty and effective management of a crucial global trade route. Key achievements include the canal’s expansion in 2016, which transformed maritime logistics. Looking forward, the ACP aims to enhance global trade and sustainability while prioritizing community well-being.
Maersk and the Panama Canal Authority have joined forces to explore the use of Stillstrom’s offshore charging technology to reduce emissions from vessels around the canal. This partnership aims to improve air quality, reduce carbon footprint, and promote sustainable shipping practices on major trade routes. The collaborative effort highlights a commitment to environmental sustainability.
The Panama Canal Authority is working on increasing container traffic by assigning containers to larger vessels and offering long-term reservation slots to shipping companies. Despite efforts to double container volumes, concerns about U.S. tariffs impacting trade operations remain. To counter this, the canal plans to expand cargo trans-shipment services via rail for larger vessels.
The Panama Canal Authority increases daily passages and maximum draft of Neopanamax locks, nearing normal operations post historic drought. Vessels may now pass with a draft of 14.94 meters. Number of daily transits adjusted to 35, aiming for 36 in September. Monitoring lake levels for future adjustments.
To mark the eighth anniversary of its expansion program, the Panama Canal is boosting its draft and daily transit capacity amidst a water crisis. Maximum draft increases to 47 feet today and is set for 48 feet on July 11. The Canal aims to reach 36-38 passages per day and a maximum draft of 50 feet.
The Panama Canal Authority has increased the maximum draft of the Neopanamax locks to 45 feet, nearing the normal limit of 50 feet due to the rainy season. The move precedes adding an extra transit, boosting daily transits to 32. The canal is recovering from a year-long drought, with water levels rising above 2023 levels.
The Panama Canal, a vital global trade route, is facing disruptions due to water shortages caused by repeated droughts. Climate change and extreme weather are exacerbating the situation, leading to decreased revenue and concerns about the future of the canal. Water-saving measures are being implemented, but new sources of fresh water are needed.
The Panama Canal Authority plans to invest over $8.5 billion in sustainability projects to combat climate change. The investment exceeds the cost of expanding the canal and aims to address the water deficit and reduce greenhouse gas emissions, with a goal of achieving net zero carbon emissions by 2050.
