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 September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

NZ's Lyttelton Port Recommends Offer, to Pay Special Dividend

The board of New Zealand's  Lyttelton Port Co. Ltd recommended minority shareholders accept an offer of NZ$3.95 a share offer from the commercial arm of the Christchurch city council.

More German Shipowners Look to Gibdock for Repairs

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent

No Sign of Ultra-Large Containership Mega Hubs: Analysis

Contrary to the views of some in the industry, Ultra Large Container Vessels are continuing to call at multiple North European ports per loop and are not concentrating on a mega-hub,

News

Fortum Buys Stake in Wave Power Startup

Finland's top utility, state-controlled Fortum, on Monday said it has acquired a 14 percent stake in Finnish wave energy developer Wello. Wello has developed

Gazprom Neft Starts Oil Production, Shipments from Iraqi Badra Field

Russia's Gazprom Neft said on Monday it started commercial production and shipments of oil produced at its Iraqi Badra oil field. Gazprom Neft, the oil arm of state gas company Gazprom ,

Statoil Says Normal Operations at In Amenas Gas Plant Resuming

Normal operations are resuming at the In Amenas gas plant in Algeria 18 months after a raid by Islamist militants killed forty employees, one of the plant's operators, Statoil, said on Monday.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction 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: 0.1629 sec (6 req/sec)