Article

The Panama Canal Extends Temporary Relief Measures for Customers to End of 2020


published on 28 August 2020 53

Photo and press release by Panama Canal Authority

As the COVID-19 pandemic continues to impact the global economy, the Panama Canal will extend its temporary relief measures to December 31, 2020, offering further support for the industry's recovery.

This extension comes after continued dialogue between the Canal and industry leaders on how to best provide relief as the world looks to recover from the economic and social impact of COVID-19.

"Despite the challenges faced earlier this year, I am confident we will see a steady recovery going into our 2021 Fiscal Year for both the Canal and its customers," said Panama Canal Administrator Ricaurte Vásquez Morales. The waterway's fiscal year will end on September 30, 2020.

Implemented on May 4 and originally set to run until September 1, the relief measures include the suspension of advance payments for transit reservation fees and other changes to the waterway's reservation system. Together, they allow customers to maintain higher liquidity, as well as added flexibility for swapping or substituting booking slots among their own fleets.

"I am encouraged by the growth we are seeing for the container segment, though we are tracking changes in global trade flows vigilantly," said Deputy Administrator Ilya Espino de Marotta. "The extension of these measures underscores our commitment first and foremost to our customers."

Transits at the Panama Canal climbed from 845 in June to 933 in July, and August is showing a similar trend. The increase was largely driven by a surge in containership transits along the U.S. East Coast to Asia route.

The extension of the relief measures comes on the heels of the Canal's commitment to make the investments in order to secure a sustainable, long-term solution to water levels, furthering the waterway's operational reliability in the years to come.
What's your opinion on this?
Login or register to write comments and join the discussion!
Read more...

Video Transit of the Panama Canal with an XDF LNG Carrier on the Newly expanded locks under pilotage

Join me as we transit through the Panama Canal from the North-East side to the South-West. An interesting vlog on how an XDF LNG carrier transits through the newly expanded Panama Canal.Find out its history and which vessel and Captain transited the Canal on its opening day on the 15th of August 1914.The interaction with the Pilot Captain Arnulfo Cepetno who assist me on transit the Cocoli locks.

0

Article IMPA is hosting examples of best practice and protocols during Covid-19 times

by IMPA - International Maritime Pilots’ Association - published on 26 March 2020

IMPA has published examples of best practice together with a letter from Capt. Simon Pelletier, President of IMPA.

0

Article How to Avoid Catching COVID19 whilst Piloting

by The United Kingdom Maritime Pilots' Association - published on 31 March 2020

The United Kingdom Maritime Pilots' Association (UKMPA) has all been inundated with CV19 communications from all manner of sources in the last few weeks. Here is a condensed collection of information from the UKMPA.

0

Video Fast Time Simulation of manoeuvres - SAMMON

This video shows the underlying principles of the SAMMON software tools based on Fast Time Simulation of manoeuvres. It describes very shortly some of the features for manoeuvring planning and conning / monitoring with danymic prediction which are shown in more detail in the other movies on this channel.

0

Video Denmark Marine Pilots

Follow the pilots as they go through a normal working day.

0

Article Because of Corona Embargo? Navy boat rams German cruise liner off Venezuela - and sinks

by Marine-Pilots.com - published on 3 April 2020

A patrol boat of the Navy of Venezuela sank in international waters after apparently shooting and ramming a German cruise ship. Allegedly the "Resolute" was to be diverted off course.

0

Video Boarding with pilot ladder - Do you remember your first time?

by "Domonkos Baráth" on YouTube.
Boarding with pilot ladder to Soyo LNG tanker near Cadiz

0

Article Death of Pilot Dennis Sherwood: IMPA President statement to IMO. New photos of Maersk Kensington.

by Marine-Pilots.com - published on 23 January 2020

IMPA President makes a statement to IMO on January 17th regarding the passing of Captain Dennis Sherwood. A letter to IMO was published via Twitter today.

0