January 2019 | News | Global Logistics

Panama Canal Keeps the Faith

Tags: Ocean, Ports, Global Logistics, Panama Canal, Logistics

The Panama Canal welcomed its 5,000th Neopanamax vessel through the waterway, reaffirming the value and impact the route has had on global maritime trade.

The COSCO Faith container carrier (photo above) transited the canal traveling southbound from the Atlantic to the Pacific Ocean. The vesselhas a 13,345 total TEU allowance and measures 366 meters in length and 48.2 meters in beam. The COSCO Faith is part of Ocean Alliance's Manhattan Bridge-AWE2 service between Asia and the U.S. East Coast.

Of the 5,000 Neopanamax vessels that have transited to date, 51percent have been from the container segment. Liquefied petroleum gas vessels constitute another 26percent, and liquefiednatural gas carriers, a relatively new segment to the Panama Canal, make up 10percent. Dry and liquid bulk carriers, car carriers, and cruise ships make up the remaining transits.