panama canal

Business

Fitch Ratings Affirms Panama Canal ‘A’ Investment Grade

Panama Canal received an A from Fitch. A Neopanamax ship passes through the Panama Canal. (Panama Canal Authority)

For the fourth consecutive year, Fitch Ratings has affirmed the Panama Canal’s “A” investment grade rating with a stable outlook for its long-term issuer default rating and its senior unsecured notes, according to the Panama Canal Authority.

August 19, 2019
Government, Business, Logistics

Port Tampa Bay Finishes Deepening, Hopes for More Cargo

Port Tampa Bay dredging A dredging ship works to widen and deepen Port Tampa Bay’s Big Bend Channel in January. The project deepened Big Bend to 43 feet from 34 and widened the entrance channel to 250 feet from 200 feet for a length of 1.9 miles. (Port of Tampa Bay)

Port Tampa Bay completed a $63 million expansion of its Big Bend Channel a year ahead of schedule, port officials said, as the Sunshine State eyes grabbing more freight from shippers while serving a growing distribution corridor in Central Florida.

Jim Stinson | Staff Reporter
June 5, 2019
Business, Equipment, Logistics

Port of Baltimore Welcomes Its Largest Cargo Ship

Evergreen Line’s containership Triton at the Port of Baltimore Evergreen Line's Triton, a Neopanamax ship, is 1,210 feet long, the length of nearly four football fields. If stood on its end, it would reach 90 stories high. (Dan Ronan/Transport Topics)

Towering over the Port of Baltimore’s Seagirt Marine Terminal, Evergreen Line’s containership Triton arrived in the predawn hours of May 24 after navigating the Chesapeake Bay carrying 14,424 containers, making it the largest container vessel to dock in Maryland.

Dan Ronan | Associate News Editor
May 29, 2019
Government, Business, Logistics

With Strong Traffic, Panama Canal Bonds Get Upgrade

Panama Canal Panama Canal Authority

The Panama Canal is doing so well, it got its credit rating upgraded by Moody’s Investors Service.

Jim Stinson | Staff Reporter
March 20, 2019
Business, Technology, Safety, Logistics, TCA

Channel Pilots Use Simulator to Practice With Behemoth Neopanamax Ships

Maritime Simulator Jeannie Peng-Armao/San Jacinto College

Capt. Tom Goodwin stood on the bridge of an oil tanker and looked upon the familiar Bayport Container Terminal. But instead of peering out a vessel’s front windows, he was in a high-tech simulator gazing intently at 13 monitors.

Andrea Rumbaugh | Houston Chronicle
August 4, 2017
Business

Panama Canal Does Some Good for Environment While Upending Historic Trade Routes

Scott Ableman/Flickr

Fresh from a $5.25 billion, nine-year expansion that’s upending decades-old trade routes, it turns out the Panama Canal is also doing a little good for the planet.

Jess Shankleman | Bloomberg News
July 7, 2017
Business

Expanded Panama Canal: Huge Ships, Port Projects but Experts Unsure of Its Impact a Year In

Panama Canal Authority

One year into operations of the expanded Panama Canal, the freight transportation world has witnessed leviathan containerships, gargantuan land-based cranes and dredging projects along the U.S. East and Gulf Coasts, but intermodal shipping professionals say it’s too early to quantify the precise impact of the massive infrastructure project.

Jonathan S. Reiskin | Associate News Editor
July 6, 2017

Southern Ports Break Records as Panama Canal Anniversary Nears

Georgia Ports Authority/Stephen B. Morton

Southern ports are experiencing a record foreign trade boom thanks in part to an expanded Panama Canal that permits Asian cargo ships to reach them more easily.

Rebecca Spalding | Bloomberg News
June 14, 2017
TCA

Big-Ship Era Dawns for East Coast as Record-Setting Ship Transits Panama Canal

The Panama Canal truly entered the big-ship era the week of May 8 when the largest vessel to date — a vessel from Asia that is as long as the Eiffel Tower is high and 158 feet wide — transited the expanded canal en route to the United States.

Mimi Whitefield | Miami Herald
May 5, 2017
Business

China State Firms Eye Land Around Panama Canal: Waterway Authority

Carlos Jasso/Reuters

Chinese state firms have expressed an interest in developing land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China's outward push into infrastructure via railways and ports around the world.

Brenda Goh | Reuters
March 27, 2017

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