ACP to Hold Public Hearing on Proposed Changes

Wednesday, March 14, 2007
The Panama Canal Authority (ACP) held a public hearing in the Ascanio Arosemena Auditorium in Balboa, Panama, on its proposal to restructure the Panama Canal’s pricing system and certain regulations. Fourteen representatives from shipping and government participated in this opportunity to express their views. Throughout the consultation period (February 2, 2007 – March 12, 2007), the proposal was made available to all interested parties. The ACP received a total of 21 written submissions, in both English and Spanish, from individuals and groups. Prior to the proposal’s announcement, informal consultations were conducted by the ACP with customers and the maritime industry to listen and receive their inputs. As the world becomes more interconnected – barriers dropping, tariffs reduced – the value of the Panama Canal and its role in the global supply chain grow. Shippers moving goods from the U.S. Gulf Coast to Asia can save up to 10 voyage days via the Panama Canal, and vessels traveling from the West Coast of South America to the U.S. East Coast shave an estimated eight to 16 voyage days compared to alternative routes. Given the cost increases in shipbuilding, fuel and vessel operations, the route through the Panama Canal has significantly increased its value to its users. The ACP’s Board of Directors will review the comments received during the official consultation period and will submit its recommendation to the Cabinet Council of the Republic of Panama for approval in the coming weeks.
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Indian Port Workers to Launch Indefinite Strike

Port and dock workers in India are planning to go on an indefinite strike starting March 16th – they are protesting the government’s move to corporatize major ports.

NORDEN Publishes CSR Report

Dampskibsselskabet NORDEN A/S has published its Corporate Social Responsibility (CSR) report 2014. Entitled, “On track”, the CSR report presents an overview of NORDEN’s CSR strategy,

LISCR Appoints New Managing Director for Hong Kong

The Liberian Registry has appointed shipping executive Gerry Buchanan as managing director of its dedicated Hong Kong office, the registry announced today.      As

Coast Guard

Cargo Vessel Grounded on Scottish Coast Towed Today

The towing of the DFDS cargo vessel Lysblink Seaways began today at 1:00pm local time, the UK's Maritime Coast Guard Agency announced.   The vessel ran aground

Cosco Boxship Detained Over Illegal Arms

Colombian authorities detained a vessel operated by China's largest shipping group for illegally transporting thousands of cannon shells, about 100 tonnes of gunpowder

Rescue 21 Achieves 'SOLAS' Declaration from DHS

The U.S. Coast Guard is declaring 'Sea Area A1' service in certain areas off the coast of the United States based on the performance of the General Dynamics-built Rescue 21 system.

 
 
Maritime Contracts Maritime Security Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Repair 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: 0.2689 sec (4 req/sec)