Banner
Banner
Banner
Banner
Banner
E-mail


Expanded Panama Canal breaks annual cargo record
2017-11-01

McKeil Marine's Evans Spirit  won the International Bulk Journal's 2016 Ship of the Year Award during the IBJ's Salute to Excellence in the Maritime Bulk Industry gala awards ceremony in London, UK on November 21.
"It's a fantastic way to closeout our 60th anniversary year: having a vessel named after our founder, Evans McKeil, win this prestigious international award," said Steve Fletcher, President and CEO of McKeil Marine.
Acquired by McKeil in 2015, the Evans Spirit is a cargo ship with the shallow draught characters of a tug and barge; however, compared to a tug-and-barge unit, she can transport approximately 40 per cent more cargo about 50 per cent faster on a very similar amount of fuel.  She is in service throughout the Great Lakes and St. Lawrence River.
Evans Spirit was shortlisted for 2016 Ship of the Year competing with three other vessels: CS Bright, Mitsui OSK Lines, Japan;  Damen Shipyards, Netherlands; and MN Baroque, Swiss Marine, Switzerland. The award is presented to the owner, operator or builder of an outstanding individual bulk ship. Judged on operational efficiency, design innovation, safety and environmental protection, the Evans Spirit was selected as winner. (Photo Paul Beesley).

Following the close of its fiscal year, the Panama Canal Authority announced that the waterway welcomed a record 403.8 million Panama Canal tons (PC/UMS) of cargo in FY2017, the largest amount of annual tonnage ever transited in its 103-year history. The sharp increase from the previous year was directly attributed to the added capacity provided by the Expanded Canal.

The Panama Canal transited a total of 13,548 vessels during its FY2017 which closed on September 30, representing a 3.3 percent increase compared to totals the year before. Thanks to the larger Neopanamax vessels now able to transit the Expanded Canal, the growth in traffic translated into a 22.2 percent increase in total annual tonnage from FY16, and helped the Panama Canal surpass the already ambitious cargo projection of reaching 399 million PC/UMS.

"This year's success is a testament to the Expanded Canal's success," said Panama Canal Administrator Jorge L. Quijano. "These record figures reflect not only the industry's confidence in the Expanded Canal, but also illustrate the Panama Canal's continued ability to transform the global economy and revitalize the maritime industry."

 

The record-breaking results included several milestones for the Panama Canal. Less than six months after inauguration of the Expanded Canal, the waterway welcomed the YM Unity containership, its 500th Neopanamax vessel transit. In March 2017, Mediterranean Shipping Company's MSC Anzu became the 1000th Neopanamax vessel to transit the Canal. The September 2017 transit of the COSCO Yantian containership marked 2,000 Neopanamax transits, including the Disney Cruise Line's Disney Wonder, the first Neopanamax cruise ship to transit.

After setting similar records in December 2016 and May 2017, the Neopanamax containership CMA CGM Theodore Roosevelt became the largest ship to transit the Canal to date in August 2017, measuring 365.96 meters in length and 48.252 meters in beam with a total TEU capacity of 14,863 units. The ship later traveled to the Port of New York and New Jersey for the inauguration of the raised Bayonne Bridge.

The Panama Canal currently serves 29 major liner services, including 15 Neopanamax liner services, primarily on the U.S. East Coast to Asia trade route. The container sector continued to serve as the leading market segment of tonnage through the Canal, accounting for 35.3 percent of the total cargo volume. This amounted to a total of 143 million tons PC/UMS, of which 89.1 million tons transited the Expanded Canal. Tankers represented the next biggest market segment (105 million PC/UMS), followed by bulk carriers with nearly 80 PC/UMS. (Photo Panama Canal Authority)

 
Banner
Banner
Banner
Banner