The Panama Canal 75Th Anniversary
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International Seaways Inc
International Seaways, Inc. Third Quarter 2020 Earnings Presentation November 6, 2020 Disclaimer Forward-Looking Statements During the course of this presentation, the Company (International Seaways, Inc. (INSW)) may make forward-looking statements or provide forward-looking information. All statements other than statements of historical facts should be considered forward-looking statements. Some of these statements include words such as ‘‘outlook,’’ ‘‘believe,’’ ‘‘expect,’’ ‘‘potential,’’ ‘‘continue,’’ ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘could,’’ ‘‘seek,’’ ‘‘predict,’’ ‘‘intend,’’ ‘‘plan,’’ ‘‘estimate,’’ ‘‘anticipate,’’ ‘‘target,’’ ‘‘project,’’ ‘‘forecast,’’ ‘‘shall,’’ ‘‘contemplate’’ or the negative version of those words or other comparable words. Although they reflect INSW’s current expectations, these statements are not guarantees of future performance, but involve a number of risks, uncertainties, and assumptions which are difficult to predict. Some of the factors that may cause actual outcomes and results to differ materially from those expressed in, or implied by, the forward-looking statements include, but are not necessarily limited to, vessel acquisitions, general economic conditions, competitive pressures, the nature of the Company’s services and their price movements, and the ability to retain key employees. The Company does not undertake to update any forward-looking statements as a result of future developments, new information or otherwise. Non-GAAP Financial Measures Included in this presentation are certain non-GAAP financial measures, including Time Charter Equivalent (“TCE”) revenue, EBITDA, Adjusted EBITDA, and total leverage ratios, designed to complement the financial information presented in accordance with generally accepted accounting principles in the United States of America because management believes such measures are useful to investors. TCE revenues, which represents shipping revenues less voyage expenses, is a measure to compare revenue generated from a voyage charter to revenue generated from a time charter. -
Soil Reconnaissance of the Panama Canal Zone and Contiguous Territory
A \. 3~ ·,9 lli!Sii!ii~uufi~iii II TECHNICAL BuLLETIN No. 9-! J A!\U \RY, 1929 SOIL RECONNAISSANCE OF THE PANAMA CANAL ZONE AND CONTIGUOUS TERRITORY BY H. H. BENNETT Soil Scientist, Soil I nvestigations, Bureau of Chemistry and Soils U N ITED STAT ES DEPARTMENT OF A GRICULTURE, \ VASIIINGTON, D. c. U S. GOVERNMENT PRINTING OFFICE : 1929 Digitized by the Internet Archive in 2010_with funding from Lyrasis Members and Sloan Foundation http://www.archive.org/details/soilreconnaissanOObenn T EcHNICAL BuLLETIN No. 94 j ANUARY, 1929 UNITED STATES DEPARTNIENT OF AGRICULTURE WASHINGTON, D. C. SOIL RECONNAISSANCE OF THE PANAMA CANAL ZONE AND CONTIGUOUS TERRITORY 1 By H. H. BENNETT SoiZ Scient ist, SoiZ I nvestigat ions, Bureau. of Chentistry and Soils CONTENTS Page Page A rea surveyed-------------------- 1 Soils-Continued. Climate------------------------- 2 Savanna clay---------------- 32 Surface features------------------ 5 Ancon stony cl ay ____________ _ 36 Agriculture __ ___________________ _ 7 Catival clay---------------- 37 Soils---------------------------- 13 Limestone hills--------------- 38 ~1arsh ______________________ _ Frijoles clay---------------- 20 Alluvium_____ _______________ . 38 Gatun clay----------------- 23 38 25 Fills and excaYatcd areas _____ _ 41 Arraijan clay--------------- San Pablo cl ay ______________ _ Blueficlds clay - ------------- 28 Coastal sand ___________ ___ __ _ 42 Paraiso clay----------------- 30 43 Santa Rosa clay _____________ _ 30 Summary----------------- ------- 43 .A.lhajuela clay--------------- 32 L iterature cited _________________ _ 45 AREA SURVEYED The Panama Canal Zone comprises a strip of country 10 miles wide and approximately 45 miles long, lengthwise through the center of ''"hich the Panama Canal has been cut. The canal, about 50 miles long from deep ""ater to deep water, crosses the Isthmus of Panan1a in a southeasterly direction from the Caribbean Sea on the Atlantic side to the Gulf of Panama on the Pacific side. -
ANNUAL REPORT 2016 Corporate Profile
ANNUAL REPORT 2016 Corporate Profile Diana Shipping Inc. (NYSE: DSX) is a global provider of shipping transportation services. We specialize in the ownership of dry bulk vessels. As of April 28, 2017 our fleet consists of 48 dry bulk vessels (4 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 23 Panamax). The Company also expects to take delivery of one Post-Panamax dry bulk vessel by the middle of May 2017, one Post-Panamax dry bulk vessel by the middle of June 2017 as well as one Kamsarmax dry bulk vessel by the middle of June 2017. As of the same date, the combined carrying capacity of our fleet, excluding the three vessels not yet delivered, is approximately 5.7 million dwt with a weighted average age of 7.91 years. Our fleet is managed by our wholly-owned subsidiary Diana Shipping Services S.A. and our established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited in Cyprus. Diana Shipping Inc. also owns approximately 25.7% of the issued and outstanding shares of Diana Containerships Inc. (NASDAQ: DCIX), a global provider of shipping transportation services through its ownership of containerships, that currently owns and operates twelve container vessels (6 Post-Panamax and 6 Panamax). Among the distinguishing strengths that we believe provide us with a competitive advantage in the dry bulk shipping industry are the following: > We own a modern, high quality fleet of dry bulk carriers. > Our fleet includes groups of sister ships, providing operational and scheduling flexibility, as well as cost efficiencies. -
Case Study Title
PANAMA – THE MANAGEMENT OF THE PANAMA CANAL WATERSHED (PCW), CASE #5 This case study is about the Panama Canal Watershed, its development in legal, technical and social terms, the problems encountered, and how an Integrated Water Resources Management approach could help it to be managed in a more sustainable way. ABSTRACT Description The Panama Canal Watershed (PCW) was developed when the Panama Canal was constructed (1904-1914). The PCW unites the basins of the Chagres and Grande Rivers into a single hydraulic system. The Chagres and Grande Rivers drain into the Atlantic and the Pacific Oceans, respectively. Damming the Chagres River provides water to operate the canal locks. By the mid 1930’s, an additional lake had been created in the upper basin of the Chagres River to increase the water storage capacity of the system. In 1999, the formal limits of the PCW were established by law and segments of the Indio, Caño Sucio and Coclé del Norte River Basins were added. All these rivers drain separately into the Atlantic Ocean to the north-west of the PCW. Under the Panama Canal Treaty (1977) the Republic of Panama was obliged to provide sufficient water for the operation of the Canal and for cities in the area. This led to the creation of several national parks, the promotion of sustainable development activities, and the implementation of base-line studies, all with support from USAID (United States Agency for International Development). A Panama Canal Authority (PCA) was created by Constitutional reform in 1994 which granted legal obligations and rights to manage the PCW. -
The Impact of the New Panama Canal on Cost-Savings in the Shipping Industry
the International Journal Volume 13 on Marine Navigation Number 3 http://www.transnav.eu and Safety of Sea Transportation September 2019 DOI: 10.12716/1001.13.03.07 The Impact of the New Panama Canal on Cost-savings in the Shipping Industry D. Zupanovic, L. Grbic & M. Baric University of Zadar, Zadar, Croatia ABSTRACT: The passage through the Panama Canal has become the usual waterway for all the ships that can navigate through the Canal. The traffic through the canal is limited by the size of a ship. The need for the expansion of the Canal has emerged due to the development of the global trade and the shipping industry. The new dimensions of the lock‐chambers determine the size of the ships as well. The new generation of ships built to the largest specifications possible to transit the current locks of the canal are called the Post‐Panamax vessels. The maximum dimensions of these ships are 366 meters in length, 49 meters in beam and 15.2 metres in draught. The paper analyses savings in the operational costs on three types of the Post‐Panamax vessels after the Canal expansion. 1 INTRODUCTION The construction of the new and expanded canal enabled the passage of the Post‐Panamax ships. The The construction of the Canal, which lasted for 34 navigation of this category became a standard in the years, introduced the shorter and more efficient route maritime industry and proved the Canal to be of great between the east and west coasts of the United States importance to the world shipping. -
Notes on Some Panama Canal Zone Birds with Special Reference to Their Food
304 HxL.NxN,Notes on Panama Birds. [April[Auk NOTES ON SOME PANAMA CANAL ZONE BIRDS WITH SPECIAL REFERENCE TO THEIR FOOD. BY THOMAS HALLINAN. OBSERVATIONSwere made on the occurrence and the food, nestingand generalhabits of 440 collectedspecimens, including 159 species. The specimenshave beendeposited in the AmericanMuseum of Natural History, in New York City, and the identificationswere made by Mr. W. deW. Miller who has remarkableability as a taxonomist. The scientificpermit to collectthese birds was issuedby Gover- nor GeorgeW. Goethals. His administration, by enforcingthe existinglaws, on the Panama Canal Zone, providedprotection to the birdsand it hasmade this territory as desirableto the avifauna as someof the remote,uninhabited regions on the Isthmus. In the field work I had extensive aid from several men whose resourcefulnessand persistencyadded largely to the observations and their names,following, I subscribewith plcasurc.--Mr. Elliott F. Brown, Balboa, Canal Zone; Mr. Albert Horle, Cristobal, Canal Zone; Mr. Ernest Peterkin, United States Navy; Mr. P. T. Sealcy, New York City; Mr. Ezekiel Arnott Smith, Hartford, Conn.;and Mr. JoselibW. Smith,Sisson, Calif. The followinglist locatesthe stations,mentioned in this paper, with reference to the Panama Canal:-- Ancon Hill.--Near the Pacific entrance of the Canal. Balboa.--Near the Pacific entrance of the Canal. Casa Largo.--About 10 miles northeastof the junction of the ChagresRiver and the Canal, on the Atlantic Slope. Corozal.--Near the Pacific entrance of the Canal. Culcbra-ArraijanTrail.--gunning about 6 miles south, on the PacificSlope, from Culebraon the ContinentalDivide. Darien Radio Station.--On the Canal, about 22 miles from the Atlantic entrance,on the Atlantic Slope. -
Table of Contents 4.0 Description of the Physical
TABLE OF CONTENTS 4.0 DESCRIPTION OF THE PHYSICAL ENVIRONMENT............................................ 41 4.1 Geology ................................................................................................. 41 4.1.1 Methodology ........................................................................................ 41 4.1.2 Regional Geological Formations........................................................... 42 4.1.3 Local Geological Units ......................................................................... 47 4.1.3.1 Atlantic Coast .......................................................................... 47 4.1.3.2 Gatun Locks.............................................................................. 48 4.1.3.3 Gatun Lake ............................................................................... 49 4.1.3.4 Culebra Cut ......................................................................... ...410 4.1.3.5 Pacific Locks ...........................................................................411 4.1.3.6 Pacific Coast............................................................................412 4.1.4 Paleontological Resources ...................................................................413 4.1.5 Geotechnical Characterization .............................................................417 4.1.6 Tectonics.............................................................................................421 4.2 Geomorphology ..............................................................................................422 -
Climate Change: What Have We Already Observed?
Water resources and ecosystem services examples from Panamá, Puerto Rico, and Venezuela Matthew C. Larsen Director Ecosystem services from forested watersheds mainly product and goods - water resources - wood products - biodiversity, genetic resources, enhanced resilience to wildfire, pathogens, invasive species - recreation, ecotourism - reduced peak river flow during storms - increased availability of groundwater and base flow in streams during dry annual dry season & droughts - reduced soil erosion and landslide probability - buffer to storm surge and tsunamis [forested coastlines] Ecosystem service challenges Land use and governance - deforestation - forest fragmentation - increased wildfire frequency - urban encroachment on forest margins Climate-change - temperature & precipitation, both averages & extremes - intensity, frequency, duration of storms & droughts - sea level rise - rising atmospheric carbon dioxide concentration Climate change: What have we already observed? - 1983 to 2012: warmest 30-year period of last 1400 years northern hemisphere - 1880 to 2012: globally averaged air temps over land & 1928 ocean show warming of 0.85 °C - since 1901: increase in average mid-latitude northern hemisphere land area precipitation - 1979 to 2012: annual mean Arctic sea-ice extent decreased 3.5 to 4.1% per decade 2003 - 1901 to 2010: global mean sea level rose 0.19 m - since mid-19th century: rate of sea level rise has been larger than mean rate during previous 2000 years 2010 Source: IPCC, 2014: Climate Change 2014: Synthesis Report. Contribution of Working Groups I, II and III to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change [Core South Cascade Glacier, U.S Writing Team, R.K. Pachauri and L.A. Meyer (eds.)]. IPCC, Geneva, Switzerland, 151 pp. -
Project JYP-1104 SALT INTRUSION in GATUN LAKE a Major Qualifying
Project JYP-1104 SALT INTRUSION IN GATUN LAKE A Major Qualifying Project submitted to the Faculty of WORCESTER POLYTECHNIC INSTITUTE in partial fulfillment of the requirements for the Degree of Bachelor of Science By Assel Akhmetova Cristina Crespo Edwin Muñiz March 11, 2012 Jeanine D. Plummer, Major Advisor Associate Professor, Civil and Environmental Engineering 1. Gatun Lake 2. Salt Intrusion 3. Panama Canal Abstract The expansion of the Panama Canal is adding another lock lane to the canal, allowing passage of larger ships. Increases in the number of transits and the size of the locks may displace more salt from the oceans into the freshwater lake, Gatun Lake, which is a drinking water source for Panama City. This project evaluated future salinity levels in Gatun Lake. Water quality and hydrometeorological data were input into a predictive hydrodynamic software package to project salinity levels in the lake after the new lock system is completed. Modeling results showed that salinity levels are expected to remain in the freshwater range. In the event that the lake becomes brackish, the team designed a water treatment plant using electrodialysis reversal for salt removal and UV light disinfection. ii Executive Summary The Panama Canal runs from the Pacific Ocean in the southeast to the Atlantic Ocean in the northwest over a watershed area containing the freshwater lake, Gatun Lake. The canal facilitates the transit of 36 ships daily using three sets of locks, which displace large volumes of water into and out of Gatun Lake. The displacement of water has the potential to cause salt intrusion into the freshwater Gatun Lake. -
Panama & Colombia
PANAMA & COLOMBIA EXPLORING THE CARIBBEAN COAST A UNIQUELY IN-DEPTH CANAL TRANSIT EXPERIENCE TWO OF THE MOST BIODIVERSE COUNTRIES ON EARTH REWARDING ENCOUNTERS WITH THE PEOPLE OF PARADISE 2021-2022 | EXPEDITIONS.COM Cover: Young mantled howler monkey. © Shutterstock. Above: Guna Yala sunset. © Kike Calvo DEAR TRAVELER, Since the inception of Lindblad Expeditions, we’ve sailed our ships through the Panama Canal and along the region’s wild coast. I’ve always yearned to go even further. Now, thanks to our expanding fleet, we’re able to explore more of this rewarding region, and we have the perfect ship–the 50-cabin National Geographic Quest. The first time we sailed National Geographic Quest through the Panama Canal, our expedition leader gleefully reported back that the top deck of National Geographic Quest turns out to be the perfect height to observe the lock mechanisms at eye level. In fact, the ship gets so close to the locks that we can hear the workers casually chatting back and forth as they lead us through. Compare this to the way most travelers will experience the Canal—enclosed inside a cruise ship, passing binoculars back and forth to get a glimpse of how these historic locks work. Our transit of the Panama Canal is compelling for other reasons, as well. We make the transit over two days, so you can see the inner workings of the locks by day, and dramatically lit at night—enabling you to stand on deck and experience the canal on a tropical evening. It also leaves us time to experience the wildness of the Canal Zone—a surprise to many travelers. -