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

Ports

Zamakona, Finnish GS-Hydro Ink Deal

The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.

Adani Group Revamps Businesses

Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced

PHA Budgets $ 275 mi for Capital Improvements

In 2015, the Port of Houston Authority has budgeted $275 million for various capital improvement projects. About $184 million is being allocated to its container

News

Zamakona, Finnish GS-Hydro Ink Deal

The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.

Naval EXPO Coming to Washington

For the first time ever, the general public will be admitted free to the Naval Future Force Science and Technology EXPO general exhibit hall Feb. 4-5 where they

Adani Group Revamps Businesses

Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced

RoRo

Wärtsilä to Power LNG-fueled RoPax Ferry

A ferry being built for Sweden’s Rederi AB Gotland will be fueled by LNG, featuring a Wärtsilä integrated solution which includes a complete LNG powered propulsion- and fuel storage and supply system,

A HERO on the Seas

The expansion of the Panama Canal has opened up an opportunity for WWL to develop its next generation RoRo carriers. Due to its importance to international trade,

Stricken Hoegh Osaka Ready for Transport

Hoegh Osaka’s list is now at 5 degrees, enabling salvors to turn the vessel in the correct direction and transport it from Alpha Anchorage to Southampton Port.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair 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: 0.1977 sec (5 req/sec)