Panama Canal Discusses Tolls, Expansion with Car Carrier Segment

MarineLink.com
Friday, September 06, 2013
Photo: ACP

The Panama Canal Authority (ACP) met with the Japanese Shipowners Association (JSA) and several car manufacturers in Japan as part of the ongoing discussions with the vehicle carrier segment on the Expansion Program’s progress and future toll structure upon its completion.

During the meetings, the Panama Canal provided an update on the Expansion Program and presented the analysis of the results for the potential pricing structure for the car carrier segment taking into account the feedback received recently from this group.

“These meetings with the industry are part of our efforts to keep an ongoing dialogue with our customers and maintain them informed of the latest developments in all areas of our business,” Panama Canal Administrator Jorge L. Quijano said. “Such meetings will continue through January 2014 to enable us to arrive at a final tolls proposal within the first half of 2014.”

The Panama Canal delegation also addressed operational issues and reported on planned additional investments in infrastructure and equipment that will take place in the near future beyond that related to the expanded Panama Canal.

In preparation for the commencement of operations of the Canal expansion infrastructure the ACP has been undertaking intensive training programs for the maritime operations professionals and upgrading traffic management and other core business support systems that will assist in running a more complex operation once the new locks and enhanced channels are fully operational.

The Panama Canal has also been studying new business initiatives to maintain the competitiveness of the route and make the waterway more attractive to customers, such as the development of a container terminal, a Roll-on Roll-off (Ro-Ro) facility and logistic parks in the Pacific.

The vehicle carrier segment registered 37.7 million PC/UMS tons during fiscal year 2012, an 8.6% increase from the previous year.

The $5.3 billion Expansion Program will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, which will double the waterway's tonnage capacity. The Expansion will allow the Panama Canal to satisfy the increasing demand of world maritime trade.

pancanal.com
 

  • Photo: ACP

    Photo: ACP

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

Ports

PlateSmart Ups Security at Port Tampa Bay

Port Tampa Bay, Florida’s largest maritime port and the 16th largest in the United States, has elected to implement PlateSmart's ARES enterprise license plate recognition-based video analytics system.

Maersk to Continue Russian Operations

Denmark's A.P. Moller-Maersk said its four subsidiaries with activities in Russia continue to operate as planned despite the recent sharp drop in oil price and the rouble's collapse.

Marseille Fos Unveils Multimillion Growth Strategy

The Marseille Fos port authority has set out a vision for growth over the four years to 2018 in a strategic plan that puts developments costing $560 million at

News

Diana Shipping Announces $53.5m Drawdown

Diana Shipping Inc. announces signing and drawdown of a $53.5 million term loan facility with BNP Paribas; announces time charter contract for m/v Nirefs with Glencore   Diana Shipping Inc.

Maersk to Continue Russian Operations

Denmark's A.P. Moller-Maersk said its four subsidiaries with activities in Russia continue to operate as planned despite the recent sharp drop in oil price and the rouble's collapse.

Teekay Petrojarl Contracts Damen for FPSO Upgrade

Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion (DSC), has been awarded an EPC contract by Petrojarl I LLC for the upgrade of its FPSO Petrojarl I.

RoRo

Marseille Fos Unveils Multimillion Growth Strategy

The Marseille Fos port authority has set out a vision for growth over the four years to 2018 in a strategic plan that puts developments costing $560 million at

Wärtsilä to Power LNG-fuelled RoPax Ferry

A new passenger ferry being built for Swedish operator Rederi AB Gotland will be fuelled by liquefied natural gas (LNG) and will feature a Wärtsilä integrated solution.

Damen Builds Tug, Dredger for Nicaragua

The Nicaraguan port authority Empresa Portuaria Nacional (EPN) is set to take delivery of two newbuilds from Damen Shipyards Group. Damen built both vessels, a

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction 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: 0.4023 sec (2 req/sec)