canal News Updates

Government, Business, Safety, Logistics

Suez Canal, Ever Given Ship Owners Reach Compensation Deal

Egyptian officials and owners of the giant Ever Given vessel that blocked the Suez Canal earlier this year have reached a preliminary deal over compensation, according to the ship’s representatives.

June 23, 2021
Business, Logistics

Suez Canal Blockage Ripples Through Trucking Industry

The containership that was blocking the Suez Canal has long since been dislodged, but the ripple effect of the delays it created could be felt across the supply chain for a while, experts said.

April 8, 2021
Government, Business, Logistics

Suez Canal Traffic Briefly Stopped as Oil Tanker Loses Power

Traffic through Egypt’s Suez Canal was briefly halted April 6, just two weeks after a giant containership ran aground and blocked the waterway that’s vital for global trade.

April 6, 2021

Truckers, Ports Rush to Keep Pace as Bigger Ships Cross Panama Canal

Just weeks after the Cosco Development became the largest ship to traverse the Panama Canal since the expansion nearly one year ago, the OOCL France shattered the record en route from Asia to the East Coast as part of the new weekly service from the Ocean Alliance.

June 5, 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.

May 5, 2017
Business

China State Firms Eye Land Around Panama Canal: Waterway Authority

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.

March 27, 2017
Business

Panama Canal Growth Pushes Texas Ports to Improve

The Panama Canal's recent expansion will create economic opportunities for South Texas but also pressures ports to step up improvements to their infrastructure, a panel of transportation industry experts said Aug. 18.

August 19, 2016
Business

Jumbo Cargo Ships Crossing Daily as Panama Canal Use Ramps Up

Initial containership traffic through the expanded Panama Canal is averaging about one larger vessel per day during a ramp-up period that should be followed by exponential growth in the months and years ahead.

August 8, 2016
Business

PortMiami Docks Its First Neopanamax Ship

PortMiami officially joined the Neopanamax era July 9, when the MOL Majesty — a vessel too big to fit through the original Panama Canal — became the first ship to arrive at the port after transiting the newly expanded canal.

July 11, 2016
Business

New Panama Canal to Alter Global Logistics

Now that the expanded Panama Canal is open for business, changes to global shipping patterns will be far-reaching and gradual, experts said.

July 11, 2016