U. S. Secretary of Commerce Carlos Gutiérrez visited the Panama Canal today as part of an official Panama tour. Panama Canal Authority Administrator/CEO Alberto Alemán Zubieta met Secretary Gutiérrez and the U.S. delegation at the Miraflores Locks, where he explained how the waterway works and provided details on the progress of the Canal's expansion. Expansion will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, which will double capacity and allow more traffic and longer, wider ships.
The Panama Canal has increased its tugboat fleet with the arrival of the first two of 14 tugboats that will improve the waterway’s resources to offer a safer and more efficient service to the global shipping industry. These tugboats will strengthen the Canal’s capacity for the operation of the Third Set of Locks. “These new tugboats will allow the Panama Canal to continue offering a world-class service,” Panama Canal Administrator Jorge L. Quiijano said
As part of the preparations for the expanded Panama Canal, the Board of Inspectors of the Panama Canal Authority (ACP) has certified 12 new tugboat captains after successfully completing training. This is the fourth group of the program which started in 2008 and has certified 47 tugboat captains. This represents 50% of the goal set to meet the demand for the efficient and safe transit of vessels through the new locks of the Panama Canal.
Continuing to move forward with expansion plans, Panama Canal executives presented the Canal's Expansion Program to international financial institutions yesterday. Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta provided a snapshot of the Republic of Panama, the Canal's operational achievements and increase in capacity through continuous improvements and modernization work. He also outlined the progress made on expansion
To help spur growth and capitalize on the Panama Canal’s expansion, the Panama Canal Authority (ACP) and Port Manatee embarked on their first-ever strategic alliance. In an official ceremony held in Panama City, Panama, ACP Administrator/CEO Alberto Alemán Zubieta and Port Manatee Executive Director David L. McDonald signed a Memorandum of Understanding (MOU) to boost joint marketing, and encourage the exchange of information and business insight.
The Panama Canal is celebrating 13 years under Panamanian administration. During this period, the Canal has strengthened its role in international commerce as a result of investment in the modernization of its infrastructure, its expansion and an alliance with its natural surroundings. “The Panama Canal reaffirms its relevance in international commerce more than ever as a result of the decisions and actions that Panamanians have taken with regard to its management
Panama Canal proposes tolls adjustments and creates new market segments to reflect real value of the route and better serve its customers.New market segments by vessel type are created and consultation period with interested parties begins. The Panama Canal Authority (ACP) Board of Directors approved a proposal to modify the Panama Canal pricing structure to align Canal toll charges with the value the route provides. New Segments
Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta, joined by DEME Group CEO Alain Bernard, recently unveiled a model of the D'Artagnan dredger during a ceremony at the Panama Canal's Miraflores Visitors' Center. The D'Artagnan is the most powerful self-propelled heavy duty cutter suction dredger in the world, with its special design for cutting rocks and sand dredging. Owned by Belgian company Dredging International (part of the DEME group)
MarAd is co-sponsoring a conference in Tampa on January 23-24 on Planning for the Panama Canal Expansion. The agenda can be views at Panama Canal Expansion Workshop
Toll income at the Panama canal between October and February slipped 2 percent to $240 million, compared with the same period a year before, the Panama Canal Authority (ACP) said. The ACP, which runs the waterway, said the slightly lower revenue was due to a fall in grain and oil shipments although an increase in container traffic alleviated the 16.9 percent and 10.3 percent reductions, respectively, in grains and oil tonnage
U.S. Federal Maritime Commissioner Doyle spoke to the Global Shippers Forum in Los Angeles and discussed Ro/Ro price fixing matters; the newly approved cooperation agreement between the ports of Seattle and Tacoma; the first PVO company to take advantage of the alternative bonding mechanisms;
By Lomi Kriel, Reuters The Panama Canal Authority expects to formally sign a deal next week with a Spanish-led consortium to finish work on expansion of the waterway after a dispute over cost overruns held up completion, an official said on Friday.
The Panama Canal Authority is investing in especially powerful tugs for the Post-Panamax era: 14 tractor tugs and 13 ASD tugs with SCHOTTEL propulsion systems were commissioned in the last four years. The youngest generation of 14 tractor tugs delivered by Astilleros Armon Shipyard was recently
The Panama Canal Authority (ACP) said that Grupo Unidos por el Canal. S.A. (GUPC) has resumed work on the new locks project during the afternoon of Thursday, February 20. “Works have restarted this afternoon,” said Panama Canal Administrator Jorge L. Quijano
The new locks contractor Grupo Unidos por el Canal, S.A. (GUPC) accepted Panama Canal Authority’s (ACP) repeated request and agreed to restart on Thursday, February 20 the construction of the Third Set of Locks project. GUPC is formed by companies Sacyr Vallehermoso, S
Members of the G6 Alliance released details on port rotations for the proposed service expansion to the Asia-North America West Coast and Trans-Atlantic trade lanes, announced in early December last year. Subject to the completion of regulatory review process
The Panama Canal Authority (ACP) reports that despite efforts to agree with Grupo Unidos por el Canal, S.A. (GUPC) to resume work on the new locks project, positions between the parties remain apart. According to ACP a telephone confernce was held with CEOs of the contracting companies
The Panama Canal Authority (ACP) informs that representatives of the ship 'Chong Chon Gang' have paid the total amount of the fine for US$693,333.10 set due to the violation of the Regulations for Navigation in Canal Waters and consequently the ACP has authorized the release of the ship.
Representatives from the multilateral institutions financing the Panama Canal Expansion Program visited today the new locks project construction in the Pacific side as part of their regularly scheduled visits. Experts from the Inter-American Development Bank (IDB)
The Panama Canal Authority (ACP) state that it has demanded that GUPC, the lead consortium in charge of the construction of the third set of locks, resume full work on the project as required by the contract. In their statement ACP inform:
The Spanish building company, Sacyr, leading the expansion project on the Panama Canal has denied that work at the waterway has been halted despite word to the contrary by the Panama Canal Authority (ACP) reports BBC News. The Panama Canal Authority and the building companies involved are
The Panama Canal Authority (ACP) said talks will continue with Zurich American and Grupo Unidos por el Canal, S.A. (GUPC) (formed by the companies Sacyr Vallehermoso, S.A (Spain), Impregilo, S.p.A. (Italy), Jan de Nul Group (Belgium) and Constructora Urbana, S.A
All seafaring vessels transiting the Panama Canal are under the watchful eye of maritime traffic controllers who will soon be using equipment installed and implemented by Diebold. Working with the Panama Canal Authority (ACP), Diebold say they designed a 20-screen
Panama Canal, GUPC and Zurich American to Continue Talks on New Locks Project. The Panama Canal Authority (ACP) announced that a meeting took place on Tuesday, January 28th between ACP, Zurich American and Grupo Unidos por el Canal, S.A
The Panama Canal registered a tonnage record of 87.7 million PC/UMS tons (Panama Canal Universal Measurement System) during the first quarter of the fiscal year (FY), a 4.8% increase from what was forecasted. “These results reaffirm Panama Canal’s impact on international trade and