Salazar Stresses Importance of Panama Canal

Thursday, May 29, 2003
The Panama Canal services more than 140 different transportation routes from every corner of the globe and serves as a critical global link between commodities and consumers. The route linking the U.S. East Coast and Gulf Coast with Asia is increasingly becoming the most important, representing a significant portion of the more than 13,000 vessels that traveled through the Canal in 2002. The United States, Japan and the People's Republic of China are the three largest users of the Canal. Sixty-eight percent of all Canal cargo originates from or is destined for the United States. These insights and more were shared by Jerry Salazar, chairman of the Panama Canal Authority (ACP) Board of Directors, at the International Association of Ports and Harbors (IAPH) conference in Durban, South Africa. Salazar stressed the important role of the Canal to world trade and presented the Canal's vision for its future. He attributed the operational success of the Canal and Panama's burgeoning ports to excellent management and the hard work of those at the Panama Canal Authority and others working in the Panamanian maritime industry: "The shift to a market-oriented business model, major capital investments, intense focus on operational efficiency and increased safety has led to our achievements. In total, they are a prescription for what our clients need and want: safety and reliability. This is what the hard-working, world-class employees at the ACP strive for every day."

Maritime Today


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

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

People & Company News

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Ship Repair 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: 0.0779 sec (13 req/sec)