Ocnus.Net
News Before It's News
About us | Ocnus? |

Front Page 
 
 Africa
 
 Analyses
 
 Business
 
 Dark Side
 
 Defence & Arms
 
 Dysfunctions
 
 Editorial
 
 International
 
 Labour
 
 Light Side
 
 Research
Search

Business Last Updated: Jun 17, 2021 - 10:45:50 AM


Panama Canal Extends Maximum Length Overall and Increases Draft for Neopanamax Locks
By Panama Canal Authority 16/06/2021
Jun 16, 2021 - 3:59:12 PM

Email this article
 Printer friendly page

Ahead of the fifth anniversary of its expansion, the Panama Canal has increased the maximum allowable length for vessels transiting the Neopanamax Locks. Since May 21, the maximum length overall (LOA) for commercial and non-commercial vessels acceptable for regular transits of the Neopanamax Locks is 370.33 meters (1,215 feet), up from 367.28 meters (1,205 feet).

The increase means that now 96.8% of the world’s fleet of containerships can transit the Panama Canal, shortening routes and benefiting economies around the world.

“This change was made possible by our team’s experience operating the Neopanamax Locks safely and reliably over the past five years,” said Panama Canal Administrator Ricaurte Vásquez Morales.

The extended LOA will provide shipping lines with greater flexibility in making decisions for the deployment and construction of vessels with greater capacity that can transit through the Panama Canal.

This announcement comes after a series of trial transits to confirm the safety of operations. They included the 2019 transit of Evergreen’s 369-meter-long (1,210 feet) Triton, which became the largest vessel in dimension and container cargo capacity to transit the Panama Canal since the inauguration of the Neopanamax Locks in June 2016. Since then, other ships with the same dimensions and container cargo capacity have also transited the waterway, including the Talos and Theseus, among others.

In addition to this increased length overall, the Canal has announced that it is now offering 15.24 meters (50 feet) draft, the highest level allowed at the waterway. Increased rainfall and successful water management at the Gatun Lake had kept the draft at 14.93 meters (49 feet) since April 2021.

The Panama Canal’s efforts go beyond its operational updates. Given the shorter traveling distance and larger capacity it offers, the Canal reduces vessels’ fuel consumption and therefore emissions, having a positive impact on the reduction of global greenhouse gases compared to other routes. In addition, the Canal is focused in reducing its own carbon footprint, establishing a roadmap to become a carbon neutral entity by the end of the decade, while maintaining its commitment to participate in environmental efforts in the maritime industry worldwide.



Source:Ocnus.net 2021

Top of Page

Business
Latest Headlines
The Geo-Politics of Natural Gas to Europe
Two weeks before ban, EU still imports 15% of crude oil from Russia
The ballooning costs of the Ukraine war
Swedish funds have billions of euros of investor money frozen in Russia
Natural gas imports from Canada continue providing winter reliability to U.S. markets
What do crazy $500,000-per-day rates say about shipping demand?
South Africa’s Ivor Ichikowitz: A ‘philanthropic’ arms dealer?
Prime Time for Tankers as Sanctions Hit Russian Oil
Low ocean shipping rates here to stay as overcapacity looms
Russia’s Defense Industry Growing Increasingly Turbulent