Panama Canal Sets New Milestone

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Panama Canal officials announced in a recent press release about the transit of its 3,000th Neopanamax vessel, exceeding initial traffic expectations by this date and reaffirming the value and impact its route had on global maritime trade.

Milestone drive

The Panamanian flagged container ship MSC Caterina completed the milestone transit this morning, traveling northbound from the Pacific to the Atlantic Ocean. The vessel measures 300 meters in length and 48 meters in beam, with a total TEU allowance (TTA) of 9,000 containers. It was one of nine Neopanamax vessels welcomed at the Panama Canal.

Since its inauguration on June 26, 2016, the Neopanamax locks have had a positive effect on economies of global scales by providing the shipping industry with greater capacity to transport cargo between production centers and consumer centers, using Neopanamax vessels.

More container ships traffic

Of the 3,000 vessels that have transited to date, roughly 53 percent have been from the container segment. Liquefied petroleum gas vessels constitute another 28 percent, and liquified natural gas carriers, a relatively new segment to the Panama Canal, have been responsible for 10 percent of traffic. Dry and liquid bulk carriers, car carriers and cruise ships make up the remaining transits.

Other notable transits include the MSC Anzu, which became the 1000th transit on March 19, 2017, and the COSCO Yantian which later registered the 2,000th transit on September 26, 2017.

Reflecting on the strong adoption of the waterway, Mr. Quijano says, “We at the Panama Canal remain committed to providing a safe, reliable and efficient service for our customers. We look forward to the next 3,000 vessels and beyond.”

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Source: Panama Canal

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