Panama Canal Board Convenes

Friday, December 15, 2006
Panamanian President Martín Torrijos joined the Panama Canal Authority Advisory Board meeting and underscored the Advisory Board’s critical role in ensuring the overall governance, transparency and oversight of the Canal particularly related to the upcoming Canal expansion.

The Advisory Board commended the ACP on the impressive results of the referendum. The Board also applauded the people of Panama for their overwhelming support on the historic referendum and reiterated its support for the project, which will significantly impact both the development of Panama and world maritime trade. The announcement was made by the Advisory Board Chairman, Mr. William A. O’Neil, during the thirteenth Advisory Board meeting. ACP Board of Directors Chairman and Minister for Canal Affairs, Dr. Ricaurte Vásquez, thanked the Advisory Board for their tremendous support to the Canal and emphasized the importance to Panama that the expansion project was passed through a popular national referendum, a measure that reinforces Panamanian sovereignty and confirms the value of the Canal route. Dr. Vásquez stressed the significance of the project and that it will be integral to Panama’s development. The Advisory Board meets twice a year with the Board of Directors (once in Panama and the other in a city of importance to world trade) to keep the ACP abreast of maritime industry developments and related activities at the international level. During this meeting, the participants analyzed the international interest in the Panama Canal expansion. Administrator/CEO Alemán Zubieta presented the policies and procedures that will outline the execution of the expansion program, highlighting the mechanisms, comprised in Panama’s Law 28 of 2006, to ensure transparency and accountability throughout the expansion program.

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Wärtsilä wins BWMS Order for 3 Vessels

Wärtsilä has received another important order for its Ballast Water Management Systems (BWMS). Three new container ships being built for a major European shipping

New MD for Glander Int'l Bunkering (India)

Glander International Bunkering is proud to announce that Ajay Menon has been appointed as the Managing Director of Glander International Bunkering (India) Private Limited.

First Damen Twin Axe for Offshore O&G

To develop its large fleet, Groen Offshore, Guard & Support has selected the first Damen Twin Axe Fast Crew Supplier 2610 to be customised with Offshore Oil & Gas standby capabilities.

Maritime Security

BMT Isis to Support NATO Submarine Rescue System

BMT Isis (BMT), a subsidiary of BMT Group Ltd, has announced that it will provide safety and environmental support for JFD’s five-year contract with the UK Ministry

China Builds-up Naval Power

China has outlined a first ever "white paper" on military strategy that outlined a more robust posture for its blue-water navy, and warned of threats to its security

Ailing Mariner Medevaced Near Alaska

A U.S. Coast Guard Air Station Sitka MH-60 Jayhawk helicopter crew medevaced an ailing mariner from Deep Bay, 25 miles north of Sitka, Sunday.   The Jayhawk crew

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.2528 sec (4 req/sec)