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
Lt. Governor Mead Treadwell delivered the keynote address yesterday at the Arctic Collaborative Workshop in Fairbanks. Treadwell discussed five reasons why Arctic national security should be a national priority: energy development and security, shipping opportunities and safety
Counsel to the U.S. Federal Maritime Commission informs that Commissioner William P. Doyle has recently surveyed the construction site on a visit to the Pacific-side of the expanded Panama Canal. Doyle viewed construction sites on the Pacific side and received extensive updates on several
An alliance of shipping interests and a billionaire car dealer launched a newspaper ad on Monday protesting retired English soccer star David Beckham's plans for a soccer arena at the port of Miami, saying it threatens the city's plans to capitalize on the expansion of the Panama Canal.
Experts from the United States, Latin America and Europe will participate in the second Panama Canal International Maintenance Congress to be held on August 27 – 29, 2014, within the framework of the waterway’s centennial.
The U.S. Department of Commerce approved 52 crude oil re-export licenses in the last six months to destinations other than Canada, the department said on Tuesday. The permits, which were approved between October 2013 and March, include 14 licenses for re-exports to European countries
From fall 2014 through spring 2015, Holland America Line will offer South America deployment with four ships positioned in the region. The line's ms Statendam, ms Maasdam, ms Prinsendam and ms Zaandam will sail 20 voyages around the continent ranging in length from 14-68 days.
The U.S. Shale Gas Revolution continues to drive orders for some of the world’s largest, most sophisticated tonnage. Mitsubishi Heavy Industries, Ltd. (MHI) received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier
The agreement between the Panama Canal Authority (ACP) and Grupo Unidos por el Canal. S.A. (GUPC) took effect Thursday, March 20 after signature by all involved parties. As announced by the ACP on February 27, the agreement falls within the terms of the contract for the design and construction
In a ceremony at the U.S. Chamber of Commerce, the Overseas Private Investment Corporation’s (OPIC) President and Chief Executive Officer Elizabeth L. Littlefield presented Ellicott Dredge Enterprises, LLC and its Ellicott Dredges LLC entity with OPIC’s inaugural “Impact
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