Friday, 23 September 2016

New generation of car carrying ships now able to use the expanded Panama Canal

The term "Panamax" refers to ships of a size able to use the original Panama Canal. Prior to the expansion of the canal, which opened in July this year, some ships could not use the shortcut between North and South America. They were simply too big. Therefore many ships were designed and built to a maximum, "Panamax" size.

Since the opening of the expanded canal even the worlds largest ships can travel via the canal thus saving time and money. Ship owners have been building new bigger ships to take advantage of the improved economies of scale. These are called "Post-Panamax" ships.

Hoegh Autoliners now operates the worlds largest PCTC(Pure Car & Truck Carrier) and Post-Panamax ship in the "Hoegh Target". In fact she is the first PCTC of this size to transit via the canal.

The "Hoegh Target" can carry an incredible 8500 cars and has 71400 square metres of deck space. Importantly she is very fuel efficient and Hoegh claim will halve the emissions per car that they carry.

Here are a some pictures of her in the expanded Panama Canal.

Innovative vessels like this and the expanded Panama Canal are contributing to keeping freight rates lower for shippers.
All for now,