Panama Canal Commemorates 14 Years Under Panamanian Administration

marinelink.com
Monday, December 30, 2013
Panama Canal Administrator Jorge L. Quijano

On the countdown to its centennial in 2014, the Panama Canal celebrates 14 years under Panamanian administration, characterized by its enhanced service to world maritime trade.

"The Panama Canal has strengthened its role in international trade, while contributing to the country’s development,” said Panama Canal Administrator Jorge L. Quijano. The Panamanian management model has enabled the efficient and safe operation of the Canal, allowing it to offer a world-class service.


Cutting-Edge Infrastructure
Under Panamanian administration, the Panama Canal Authority (ACP) has improved its service to world maritime trade through the permanent maintenance and modernization of its infrastructure. Approximately, US$2 billion have been invested since 2000. During fiscal year (FY) 2014 (October 1, 2013 to September 30, 2014), the ACP will invest approximately US$238 million in maintenance of structures and equipment to continue providing an efficient service to the international maritime community. The main areas of maintenance include, among others, the navigation channel through dredging operations; the control of erosion and landslides; floating equipment such as tugboat, dredges, cranes and launches; the locks and their components; and the dams, landfills, power plants, buildings and facilities.

Panama Canal Expansion
In 2007, the Panama Canal Expansion Program began as a result of a widespread approval by Panamanians in a national referendum. The Expansion Program will create a new lane of traffic along the Canal by building a new set of locks which will allow the transit of bigger ships with more capacity. This is the greatest modernization project of the waterway since it was opened in 1914. To date, the Expansion Program is 70.7% complete with several components completed such as the dredging of the Atlantic and Pacific entrances, while the construction of the new locks is 64% complete. During the past six years, the Expansion Program has generated 31,000 direct jobs.

Panama Canal Expansion Program Progress (as of November 30, 2013)
 
Project    Progress

  • Excavation of the Pacific locks access channel    80.3%
  • Dredging of the Atlantic side Canal entrance    100%
  • Dredging of the Pacific side Canal entrance    100%
  • Dredging of Gatun Lake and Culebra Cut    84%
  • Design and construction of new locks    64%
  • Raising Gatun Lake's maximum operating level    57%
  • TOTAL    70.7%


Centennial Countdown
The Panama Canal will celebrate its centennial on August 15, 2014. As part of the centennial countdown, the Panama Canal Authority began on August 15, 2013 a calendar of activities to celebrate the milestones that led to its opening, such as the first lockage and the 100 years of dredging Culebra Cut, which removed the last barrier during its construction. During the upcoming months, the Panama Canal will commemorate other important historical milestones linked to the waterway’s operation and its importance to world maritime trade, while highlighting the aspects that have made the Panama Canal an international symbol.

 

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Odfjell Drilling in Tighter 2Q North Sea Market

Odfjell Drilling reports second quarter 2014 financial results showing a profit of US$29-million. Profit & loss Q2 2014 Operating revenue for Q2 2014 was USD 272 million (USD 289 million),

Brazil AHTS Contract Breakthrough for Havyard

Havyard says it is to deliver the ship design and equipment for four anchor handling tug supply (AHTS) vessels that are to be built and operated by the Brazilian

Darwin, Australia Scene of KAKADU Exercise Planning

Over 1,200 military personnel from the Asia Pacific and Indian Ocean regions have completed collaborative, tactical warfare planning during the first week of the

Dredging

Restoring the NY-NJ Harbor Estuary

Significant challenges often require a team effort. Restoring the New York-New Jersey Harbor Estuary is one of them. A group of professionals from the Army Corps of Engineers,

MN 100: Donjon Marine Co., Inc.

100 Central Avenue Hillside, New Jersey 07205 Tel: (908) 964-8812  Email: info@donjon.com Website: www.donjon.com President & CEO: J. Arnold Witte The Company: Donjon Marine Co.

Governors Write Obama for Mississippi River Funding

Governors seek President Obama’s support for upper Mississippi River commercial navigation locks and ecosystem The Governors of the five Upper Mississippi River States of Illinois,

News

BMT WBM to Showcase TUFLOW at World Bank Seminar

BMT WBM ( (BMT), a subsidiary of BMT Group Ltd, a leading international engineering and risk management consultancy, is delighted to announce that it will be presenting

Rosneft and AVTOVAZ Strengthen Strategic Cooperation

Rosneft President, Chairman of the Management Board Igor Sechin and AVTOVAZ President Bo Inge Andersson signed an Agreement of development of strategic cooperation,

RWE Dea Helps Cleveland Juniors Reach Goals

Yesterday, a new club house for the Cleveland Juniors Football Club in Middlesbrough in northern England was officially opened. With support from RWE Dea, the

Government Update

British WWl Warship Refurbishment Project

Northern Ireland Office Minister, Dr Andrew Murrison MP, visited the historic HMS Caroline in Belfast’s Titanic Quarter as restoration grants are received, informs the UK Government.

Nine Share in US$6-B DoD Contract Modifications

The US Department of Defense informs that nine companies have each been awarded indefinite-delivery/indefinite-quantity fixed-price option-year two modifications

Jones Act is Critical to Conn. Economy

Study shows Connecticut shipbuilding industry worth $2.5 billion to state’s economy, supports nearly 23,000 jobs The American Maritime Partnership (AMP) joined

Logistics

DP World 1H 2014 Profit Soars

Global marine terminal operator DP World releases strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering

ISS Celebrates ISO Accreditation in M.East and Africa

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, is celebrating the awards of ISO 22000:2005 – Food Safety Management System and

Nine Share in US$6-B DoD Contract Modifications

The US Department of Defense informs that nine companies have each been awarded indefinite-delivery/indefinite-quantity fixed-price option-year two modifications

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pipelines Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2445 sec (4 req/sec)