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Panama Canal Welcomes 5,000th Neopanamax Transit

Date: 10-DEC-2018

Panama City, Panama, December 10, 2018 - Today, 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 transited today travelling southbound from the Atlantic to the Pacific Ocean. The vessel has a 13,345 total TEU allowance (TTA) and measures 366 meters in length and 48.2 meters in beam.

"The steady increase in Neopanamax transits reflects our customer's confidence in the Panama Canal route," said Canal Administrator Jorge L. Quijano. "We reinforce our commitment to continually improve our service to better serve the industry."

The COSCO Faith is part of Ocean Alliance´s Manhattan Bridge-AWE2 service, between Asia and the US East Coast.

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

About the Panama Canal Authority (ACP)
The Panama Canal Authority (ACP) is an autonomous legal entity of the Republic of Panama in charge of the operation, administration, management, preservation, maintenance, and modernization of the Panama Canal, as well as its activities and related services, so that the Canal may operate in a safe, continuous, efficient manner. For more information, please refer to the ACP's website: http://www.pancanal.com or follow us on Twitter @thepanamacanal.


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