ACP Commemorates 13 Years of Local Administration

press release
Monday, December 31, 2012
Panama Canal Administrator Jorge Luis Quijano.

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,” said Panama Canal Administrator Jorge Luis Quijano.

 

Quijano highlighted that the Panamanian management model has enabled the efficient and safe operation of the Canal, allowing it to offer a world-class service. Furthermore, its sustainable and profitable management generates increasing contributions to Panama’s development.

 

A Cutting-Edge Canal
Under Panamanian stewardship, the Canal has invested US$2.09 billion in several projects to update its operational infrastructure and has acquired new equipment, guaranteeing its clients an efficient, safe and competitive service.

 

The main projects developed during these 13 years include:

• Straightening and widening of Gaillard Cut.
• Purchase of floating equipment, including tugboats, a cutter-suction dredge and a backhoe/dipper dredge.
• Replacement of the original lock system from electromechanical to hydraulic.
• Replacement of locomotives and the rehabilitation of the locomotive tracks in the locks.
• Reforestation programs with more than 2 million planted saplings in the Canal Watershed.

 

In addition, there is a list of projects currently underway such as the construction of the new bridge on the Atlantic side of the Canal, which will foster the development of this region. Furthermore, a new Visitors Observation Center, with a view to the expansion work on the Atlantic side of the Canal, was inaugurated in 2012.

 

Expansion
In 2007, the Panama Canal expansion project 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.

 

After five years, the project has generated 28,690 direct jobs. On September 20, 2012, the awarded contracts totaled US$4.3 billion.

 

As of November 30, 2012, the Expansion Program registered an overall progress of 48.9 percent, with several components almost completed – mainly the dredging works at the Panama Canal entrances on the Pacific and Atlantic sides.

 

Panama Canal Expansion Program Progress (as of November 30, 2012)
 

Proyecto Avance

  • Excavation of the Pacific locks access channel 76.5%
  • Dredging of the Atlantic side Canal entrance  99%
  • Dredging of the Pacific side Canal entrance 97%
  • Dredging of Gatun Lake and Gaillard Cut 82%
  • Design and construction of new locks 36%
  • Raising Gatun Lake’s maximum operating level 10%
  • TOTAL 48.9%

 

The Panama Canal Watershed
In the past 13 years, the Panama Canal has maintained a natural synergy with its surroundings and the communities that live in the Panama Canal Watershed. This ensures the conservation of the environment and the protection of water resources which are essential for human consumption as well as for the waterway’s operation.

As part of the efforts to sustain the natural resources of the watershed during this period, the Panama Canal Authority encouraged the delivery of more than 10,000 land titles to its inhabitants and works with them in several reforestation, environmental education and economic incentive programs to improve their quality of life.

About the Panama Canal Authority (ACP)
The ACP is the autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. The operation of the ACP is based on its organic law and the regulations approved by its Board of Directors. For more information, please refer to the ACP's Web site: http://www.pancanal.com/. You can also follow us on Twitter: http://twitter.com/thepanamacanal.

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

APM Terminals Broaden Portfolio, Business Model

APM Terminals’ increased invested capital to USD $6.2 billion in 2015 as ongoing strategic plans to drive portfolio growth, improve productivity and safety performance, generated USD $4.

Maersk Line to Face Miserable 2016

In a video interview Group CEO of AP Møller-Maersk Nils S. Andersen comments on the 2015 full year result, low oil and freight rates, and the challenges and opportunities

Liberia to Receive Preferential Flag Status with Respect to Chinese Tonnage Dues

Pursuant to the Maritime Transport Agreement signed between the Republic of Liberia and the People’s Republic of China on 3 November 2015, Liberia will be added

Navigation

Volvo Penta Debuts Innovative Glass Cockpit

The new generation of Glass Cockpit expands Volvo Penta’s collaboration with Garmin for an advanced monitoring and control system that makes boating easier. And its clever application,

NZ's “Sound framework” for Managing Coastal Navigation

A review of coastal navigation safety by Maritime NZ has found that there is a sound framework in place to manage the movement of ships around the New Zealand coast,

Danelec Marine Making Free ECDIS Upgrades

Ships with older Danelec ECDIS models are being upgraded to new hardware and software   Danelec Marine has launched a program to provide free upgrades of shipboard

Government Update

Liberia to Receive Preferential Flag Status with Respect to Chinese Tonnage Dues

Pursuant to the Maritime Transport Agreement signed between the Republic of Liberia and the People’s Republic of China on 3 November 2015, Liberia will be added

US, India Consider Joint Patrols in South China Sea

The United States and India have held talks about conducting joint naval patrols that a U.S. defense official said could include the disputed South China Sea, a move that would likely anger Beijing,

Funding Secured for Project to Deepen the Delaware River

Dennis Rochford, president of the Maritime Exchange for the Delaware River and Bay, announced that President Obama’s FY17 proposed budget includes $33 million for the Delaware River Deepening Project.

Logistics

APM Terminals Broaden Portfolio, Business Model

APM Terminals’ increased invested capital to USD $6.2 billion in 2015 as ongoing strategic plans to drive portfolio growth, improve productivity and safety performance, generated USD $4.

Maersk Falls into the Red

Maersk Line posted a steep decline in profit last year to $1.3bn, well down from the 2014 result of $2.3bn and below its most recent forecast as freight rate declines

Sydney Deep Water Port Project Named NOVAPORTE

The Harbor Port Development Partners (HPDP) and the Port of Sydney announce the new brand for Sydney’s new container terminal: NOVAPORTE and its adjacent logistics park NOVAZONE.

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | 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: 0.0867 sec (12 req/sec)