Best Videos About The Panama Canal

If you’ve transited the Panama Canal, or are planning a Panama Canal Cruise, you will definitely want to get a copy of my book PANAMA CANAL DAY.  The book is loosely based on the commentary I give from the bridge on ships transiting the Canal … but much expanded.  It’s great background, not just about the history of the Canal, but  how that history fits into the history of Panama and the Americas.

Most of the ships I’ve been on transiting the Panama Canal show old, outdated videos about the Canal, typically telling only the part of the story about the US construction, even, as in the case of the David McCullough video, questioning if Panama will be able to successfully manage the Canal! The gigantic mass-market cruise ships happily use the Canal as a sales toll to generate bookings, but once they get you onboard treat the Canal and Panama Canal day as a giant inconvenience to the main goal of getting you to spend money. Sometimes I think they forget the reason why people booked a Panama Canal Cruise in the first place.

So, first, buy my book and second watch these two great videos! The first is the best history of the Canal from the inception to the US turnover of the Canal to Panama. And the second is all about the Panama Canal Expansion program that was completed last summer, and what it means for the future of not just the Panama Canal but for worldwide shipping and the international economy. You’ll get to see behind the scenes of the construction and actually see inside the giant tunnels that feed water into the new locks.

These are the videos the cruise lines should show onboard. They are by far they far the best comprehensive videos about the Panama Canal.

PANAMA CANAL: PRIZED POSSESSION

PANAMA CANAL: POST-PANAMAX

This is information you won’t get on most gigantic cruise ships, but it will make your trip through the Canal so much more enjoyable!

Panama gets over $1 billion from Canal

DSC_0258Panama’s National Treasury will get more than $1 billion from The Panama Canal Authority whose Board of Directors has approved the 2016 payment. The payment includes money for services rendered by the state, as well as the surplus revenue for the year.

The amount is virtually the same as the amount budgeted at the beginning of the year. The fiscal year, runs from October 1, 2015 to September 30, 2016.

Of the total, $630.7 million represents the economic surplus from operations, $380 million to the rights per ton of transit and $2.4 million to the payment for services rendered by the State, the Authority said.

There were 13,114 transits moving 330.7 million tons of cargo and generating tolls of $1.9 billion.

001 (10)With the expansion of the Canal now complete, it is estimated that the contribution to the state will triple in 10 years. For the 2017 fiscal year the contribution of the channel is expected to be $ 1.6 billion.

The expansion of the Canal with the new locks allows the passage of much larger ships with capacity to carry up to 13,000 containers and the new locks, which cost about $6 billion have already generated $5.45 billion dollars.

The main project of the project, the third set of locks, was built by the Grupo Unidos por el Canal (GUPC) consortium, led by the Spanish company Sacyr.

The canal which accounts for about 6 percent of world trade and was built by the US at the beginning of the last century, and links more than 140 sea routes and 1,700 ports in 160 different countries.

In 17 years of Panamanian administration, the Panama Canal has delivered a total of $11.6 billion direct contribution to Panama. During the 85 years of US administration the US paid Panama a total of only $1.8 billion.

Richard Detrich Panama CanalThe US ran the Canal as a service and not as a profitable business. Already realizing that the locks were too small, the US planned and in the 1930’s began a Canal expansion similar to the expansion completed by Panama.The US project was derailed by World War II and the US never found the money or the will to finish the expansion. Panama by direct vote of the entire nation decided to complete the expansion and opened the new locks in June 2016.

8,500 New Cars on One Boat

car-carrier The world’s biggest vehicle carrier transited the Panama Canal on Thursday September 8.

The HOEGH TARGET, sailing under the Norwegian flag, was built in 2015 specifically to allow it to pass through the new expanded locks.

The ship, which began its journey in Japan, has a width of 36.5 meters and can carry 8,500 vehicles, the Panama Canal Authority (ACP) reported.  From Japan the ship came to Mazatlan headed for Alabama.