Cruise Association “industry is seeing steady growth”

The worlds largest cruise ship, the 361 metres long, Harmony of the Seas, arrives in port for her mayden voyage, in Southampton, Britain May 17, 2016. REUTERS/Peter NichollsIn their 2017 report into the state of the industry, Cruise Lines International Association claimed a steady increase in interest in travel cruising and also significant level of investment within the industry. They stated that they expect further increases next year, and predicted around 25.3 million passengers could be texted to cruise during 2017.

More new ships are due to be added to the fleet in the coming 12 months, with 26 new ships for river cruises, ocean cruises and the growing market for specialty and adventure cruising.  It was further claimed that 97 new cruise ships in all areas would be added over the next 10 years. The President and CEO of the Association, Cindy d’Aoust, reported: “The cruise industry is responding to global demand … resulting in study growth and strong economic impact..”


Panama Canal announces series of milestones

unity-in-panamaOn 19th October the Panama Canal Authority announced that opening of the new neopanamax locks had helped it to record the third-highest annual tonnage passing through the Canal in over 100 years. In the fiscal year which had just ended, over 330.7 million Panama Canal tons had transited safely, on a total of 12,114 vessels. Neopanamax vessels accounted for around 18.2 million tons, once the expansion project opened in June after 9 years’ construction.

lng-carrier-panamaAround 36% of the total passing through were container ships, followed by bulk carriers and tankers. LNG carriers are now also able to use the Canal, and the lifting of a 40-year old ban on crude oil has allowed Panama to export oil for the first time in decades.

A new toll structure was introduced in April, based on the specific type and amount of cargo being carried. The Authority also introduced a Loyalty Reward programme to encourage container ship operators .