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

People & Company News

Dool to Serve as Chair of SLSMC Board

The St. Lawrence Seaway Management Corporation (SLSMC) announced that Tim Dool has been named as Chair of the Board of Directors, effective September 1. Dool was

Bollore First Half Boosted by Transport, Advertising Unit

French industrial group Bollore said first-half operating income rose 11 percent to 314 million euro because of strength at its transport business and advertising agency Havas,

Scrap Metal Exporter Pens Terminal Agreement

Port Canaveral Scrap Terminal LLC (PCST), a bulk ferrous scrap exporter, has signed a lease with the Canaveral Port Authority to operate a terminal in the north cargo area at Port Canaveral.

Maritime Security

East and South China Sea Disputes Need Creative Diplomacy

China and the United States appear headed for a damaging confrontation over the extent of China's territorial claims in the South and East China Seas. Now that

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

USCG Recognizes Meritorious Bulkship Rescue Team

Representatives from the U.S. Coast Guard, Federal, State, County and several members of the maritime community have received a Coast Guard Meritorious Team Commendation

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Ship Electronics 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: 0.1913 sec (5 req/sec)