Canada-based Seaspan and energy company AES Corp have signed a Memorandum of Understanding (MoU) to collaborate on the development of the LNG Bunkering business.

The Panama Canal Authority (ACP) has announced it will reduce daily transits to 31 from 32 as a severe drought continues and may last until next year.

The Panama Canal has announced that it will modify the variable component of the Fresh Water Charge (FWC) which will take effect on 1st October.

The Panama Canal Authority (ACP) says that Booking Condition 3 in the Panamax locks remained in effect until Saturday, 2 September 2023. From Sunday, 3 September 2023 onwards, Booking Condition 1A is applied.

Auctions of transit slots on the Panama Canal have skyrocketed with one owner paying a $2.4 million bid recently.

The Panama Canal looks set for continued low water levels as the central American nation sees its lowest rainfall levels it has seen since 2000.

In response to the unpredictable weather patterns and the need to ensure reliable and sustainable service, the authority aims to maintain a draught of 13.41m throughout the remainder of the current year and part of 2024, unless significant changes...

The Panama Canal Authority (ACP) has announced a continued series of draught reductions and warns of “extreme measures” if the severe drought continues.

With draught restrictions already in place the Panama Canal Authority (ACP) is implementing water saving procedures as it battles one of the worst droughts the waterway has seen.