Wednesday, April 20, 2016

"Panama Canal Authority Books First Transits Through Expanded Canal"

As mentioned* back in January, the expansion is quite important, to Panama, to the U.S. and globally.

Scale comparison of Panamax and New Panamax specifications. [Diagram by Julia Gold and the authors]

From gCaptain:
The Panama Canal Authority on Monday began taking transit reservations for Neopanamax vessels passing through the new locks of the expanded Panama Canal.

The first reservation was booked by the NYK Line LPG tanker Linden Pride, which has a length of 754.59 feet and a beam of 120.08 feet, the Canal Authority said Monday. The first commercial transits will occur June 27, one day after the official inauguration of the new locks.

Within hours of the opening of the first booking period, the Canal Authority said it had already filled all 25 available booking slots.

“We are very pleased and optimistic about the outcome of this first period and hope that more and more new ships pass through the expanded Panama Canal,” said Canal Administrator Jorge Luis Quijano.

Vessels are classified as Neopanamax if their dimensions are over 966 feet in length or over 107 feet in beam.

The Canal Authority says that during the first period, a maximum of four booking slots will be available per day, with no more than two slots in each direction. Of the four slots, only one may be allocated to LNG vessels, a new segment for the canal. The first period lasts through September 30, 2016....MORE 
*The Expansion Of The Panama Canal Is A REALLY Big Deal

Possibly related: "And Now, Gillian Tett With The Shipping News"