{"id":46696,"date":"2024-10-15T15:52:10","date_gmt":"2024-10-15T20:52:10","guid":{"rendered":"https:\/\/pancanal.com\/?p=46696"},"modified":"2024-10-15T16:13:58","modified_gmt":"2024-10-15T21:13:58","slug":"international-maritime-community-highlights-key-role-of-the-canal-for-sustainable-maritime-trade","status":"publish","type":"post","link":"https:\/\/pancanal.com\/en\/international-maritime-community-highlights-key-role-of-the-canal-for-sustainable-maritime-trade\/","title":{"rendered":"International Maritime Community Highlights Key Role of the Canal for Sustainable Maritime Trade"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-46689 size-full\" title=\"International Maritime Community Highlights Key Role of the Canal for Sustainable Maritime Trade\" src=\"https:\/\/pancanal.com\/wp-content\/uploads\/2024\/10\/IMG-20241015-WA0043-Foro-Maritimo-de-Nueva-York.jpg\" alt=\"\" width=\"1000\" height=\"581\" srcset=\"https:\/\/pancanal.com\/wp-content\/uploads\/2024\/10\/IMG-20241015-WA0043-Foro-Maritimo-de-Nueva-York.jpg 1000w, https:\/\/pancanal.com\/wp-content\/uploads\/2024\/10\/IMG-20241015-WA0043-Foro-Maritimo-de-Nueva-York-300x174.jpg 300w, https:\/\/pancanal.com\/wp-content\/uploads\/2024\/10\/IMG-20241015-WA0043-Foro-Maritimo-de-Nueva-York-768x446.jpg 768w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/p>\n<p>Today, the Panama Canal was emphasized as a key player in global trade during the <strong>New York Maritime<\/strong> Forum (NYMF).<\/p>\n<p>The Canal Administrator, <strong>Ricaurte V\u00e1squez Morales<\/strong>, presented the achievements reached in fiscal year 2024 (FY-2024), which have optimized the reliability and sustainability of this maritime route.<\/p>\n<p>In his speech, V\u00e1squez shared official data for FY-2024, highlighting some of the operational accomplishments of the <strong>Panama Canal<\/strong> during a year of particular attention due to climate conditions caused by a lack of rainfall. Some of these achievements, compared to fiscal year 2023, are:<\/p>\n<ul>\n<li>1% reduction in wait times, which translates to an average of about 15 hours less compared to FY-2023.<\/li>\n<li>1% reduction in transit times (-0.89 hours), from when the vessel arrives at the first lock until it exits the last one.<\/li>\n<li>4% reduction in time spent in the waters of the Canal (-15.98 hours).<\/li>\n<li>5% reduction in water usage per transit for Neopanamax vessels (-0.0394 hm\u00b3).<\/li>\n<li><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-46691\" title=\"International Maritime Community Highlights Key Role of the Canal for Sustainable Maritime Trade\" src=\"https:\/\/pancanal.com\/wp-content\/uploads\/2024\/10\/IMG-20241015-WA0038-Foro-Maritimo-de-Nueva-York.jpg\" alt=\"\" width=\"538\" height=\"384\" srcset=\"https:\/\/pancanal.com\/wp-content\/uploads\/2024\/10\/IMG-20241015-WA0038-Foro-Maritimo-de-Nueva-York.jpg 1000w, https:\/\/pancanal.com\/wp-content\/uploads\/2024\/10\/IMG-20241015-WA0038-Foro-Maritimo-de-Nueva-York-300x214.jpg 300w, https:\/\/pancanal.com\/wp-content\/uploads\/2024\/10\/IMG-20241015-WA0038-Foro-Maritimo-de-Nueva-York-768x548.jpg 768w\" sizes=\"auto, (max-width: 538px) 85vw, 538px\" \/><\/li>\n<\/ul>\n<p>During FY-2024, the <strong>Panama Canal<\/strong> registered 9,944 transits and 423 million tons CP\/SUAB (Universal Canal Ship Tonnage System). Of the total transits, 7,084 were Panamax vessels and the remaining 2,852 were Neopanamax vessels.<\/p>\n<p>Container ships, chemical tankers, and bulk carriers led the transits through the <strong>Panama Canal<\/strong> during FY-2024.<\/p>\n<p>These data reflect the Canal&#8217;s commitment to sustainability, providing a more efficient service to its customers and reinforcing its competitiveness in global trade.<\/p>\n<p>During the event, which brought together industry leaders and experts, critical topics such as technological innovation and maritime finance were discussed. The Administrator emphasized that these improvements not only benefit the Panama Canal but also strengthen its role in an ever-evolving commercial environment.<\/p>\n<p>The NYMF, organized by Capital Link and supported by Nasdaq and NYSE, serves as a platform for exchanging ideas about the future of maritime trade, highlighting the importance of collaboration in seeking sustainable solutions. Its goal is to address challenges and opportunities in maritime trade, sustainability, innovation, and the reliability of supply chains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, the Panama Canal was emphasized as a key player in global trade during the New York Maritime Forum (NYMF). The Canal Administrator, Ricaurte V\u00e1squez Morales, presented the achievements reached in fiscal year 2024 (FY-2024), which have optimized the reliability and sustainability of this maritime route. In his speech, V\u00e1squez shared official data for FY-2024, &hellip; <a href=\"https:\/\/pancanal.com\/en\/international-maritime-community-highlights-key-role-of-the-canal-for-sustainable-maritime-trade\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;International Maritime Community Highlights Key Role of the Canal for Sustainable Maritime Trade&#8221;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":36009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_wp_rev_ctl_limit":""},"categories":[124],"tags":[],"class_list":["post-46696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - 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