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
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
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.
The Panama Canal Authority (ACP) will charter a Post-Panamax vessel before the opening of the expanded Canal to be used for training purposes in the Third Set of Locks. The Executive Vice President of Operations Esteban Saenz reported that the Panama Canal will charter a Post-Panamax ship to train pilots and tugboat captains that will assist in transits through the new lane. Saenz said the vessel will be used several months before the opening of the expanded Canal to test the new locks
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
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
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)
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
At 2:10 a.m. Jan. 3, 2015, while en route to Oranjestad, Aruba, Holland America Line’s ms Zuiderdam answered a distress call from the Bahamian inter-island vessel Excalibur that was sinking with eight crewmembers onboard. Zuiderdam was approximately 15 miles away and the
The Panama Canal Authority (ACP) signed a cooperation agreement with the Port of Lake Charles in Louisiana earlier this week, which aims to attract new customers from the liquefied natural gas (LNG) industry; a strategy that builds upon the advantages that the expanded Canal will offer
The first gate will be installed in lock head one facing Gatun Lake; canal expansion program 85 percent complete The first gate for the Panama Canal’s new locks in the Pacific side was installed earlier today after being carried to its final destination on self-propelled motorized wheel
Widening the Panama Canal will cost more than budgeted due to billions of dollars in overruns by the consortium carrying out the work says a report from AFP. The canal's administrator Grupo Unidos por el Canal (GUPC), which is overseeing upgrades to the canal's locks
The consortium working on the extensive Panama Canal expansion has submitted two new claims for cost overruns of almost $740 million, the canal administrator said on Friday. A dispute between the canal and the consortium over cost overruns temporarily halted work on the expansion earlier this
When one of the poorest countries in the Americas and a little-known Chinese businessman said they planned to undertake one of the biggest engineering projects in history, few people took them seriously. A year and a half after the $50 billion project to build a canal across Nicaragua was
Panama's economic growth accelerated in October from a year ago, the government said on Friday. The economy grew 5.54 percent, its fastest rate so far this year, and up from 5.10 percent in September, due to an improvement in fisheries, mining
Panama on Sunday lowered its 2014 growth expectation to 6.3 percent, down from a previous estimate of around 7 percent. Panama's economy grew 8.4 percent in 2013 but has been cooling as $15 billion of infrastructure projects, mainly for the expansion of the Panama Canal, have winded down
State-of-the-art facility in Corozal receives green light from canal’s board of directors The Panama Canal board of directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region
The Panama Canal celebrated its 15 year anniversary under the leadership of the Panamanian Administration. The Panama Canal Authority (ACP) is the autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal.
The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the Canal’s
ACP touts new Toll Structure as reflecting value of route and better customer service. The Panama Canal Authority (ACP) has announced a proposal for a new toll structure, following more than a year of informal consultations with representatives from various industry segments.
National Assembly will question two national leaders, among them the Panama Canal Administrator. The plenary of the National Assembly has approved a proposal to call Panama Canal Administrator Jorge Luis Quijano before the body to answer questions about the waterway's finances and the progress
ARTEMUS Transportation Solutions has deployed its new, web-based software, which provides clients the tools to submit electronic cargo information for all cargo destined to Japan and transiting the Panama Canal. Both single entry screen systems meet the requirements of Japan AFR for Japan Import
Agreement meant to capitalize Canal expansion while attracting new LNG customers. The Panama Canal Authority (ACP) signed a cooperation agreement with the Port of Lake Charles in Louisiana earlier this week, which aims to attract new customers from the liquefied natural gas (LNG)