The Panama Canal will hold a draw on Friday, April 29, to select the first vessel which will transit through the Expanded Canal when it is inaugurated on Sunday, June 26. The draw will take place at the Panama Canal Administration Building and a Notary Public to serve as witness.
The Panama Canal Authority this week addressed the recently-developed crack in one of the new lock chambers making up the expanded Panama Canal, raising new questions over whether or not the bigger locks will open as scheduled in April 2016.
The Panama Canal Authority this week addressed the recently-developed crack in one of the new lock chambers making up the expanded Panama Canal, raising new questions over whether or not the bigger locks will open as scheduled in April 2016.
The Panama Canal Authority (ACP) announced today that the Panama Canal Expansion will be officially inaugurated on Sunday, June 26, 2016. The announcement was made this morning during the inauguration ceremony of the Canal's state-of-the-art Scale Model Maneuvering Training Facility, which will provide additional hands-on experience to pilots and tugboat captains to operate in the Expanded Panama Canal.
As an important component of new western land-sea corridor, the construction of Pinglu Canal will effectively alleviated waiting time and congestion costs and enhance the reliability and resilience of the regional maritime transport network in the post-pandemic era in particular. From the perspective of competition and cooperation game, this paper investigates typical transportation routes from the port of Jakarta in Indonesia to the port of Nanning in China from the key factors of the changes in freight volume and the evolution of profits and subsidies, considering local government subsidies, environmental costs, marine emissions and other critical factors. The results demonstrated that in the centralized strategies adopted by two transport route operators, as the volume of goods transported through Pinglu Canal increased, so the corresponding profits increased. The increase in subsidies also contributed to generating the volume of freight through Pinglu Canal, but the social welfare under the decentralized strategy adopted by both transport route operators was more effective than that of the centralized strategy.