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

Ports

DMCC, DMCA to Promote Dubai’s Maritime Sector

DMCC has signed a Memorandum of Understanding (‘MoU’) with the Dubai Maritime City Authority to help promote Dubai to the maritime sector as a global destination

Duke Energy to Help Develop Jeffersonville Port Site

Duke Energy Indiana has selected a 140-acre parcel of land inside the Port of Indiana-Jeffersonville in Clark County for the utility's 2015 Site Readiness Program.

Savannah Harbor Expansion Project Update

Lt. Gen. Thomas Bostick, commander of the U.S. Army Corps of Engineers, visited the Port of Savannah on Thursday, for an update on the Savannah Harbor Expansion Project (SHEP).

News

Hoegh LNG's Bond Issue

Hoegh LNG (HLNG) has successfully completed the issuance of a USD 130 million senior unsecured bond in the Nordic bond market with maturity date expected to be 5 June 2020.

Rieber offloads Polar Prince

GC Rieber Shipping has entered into an agreement to sell subsea vessel "Polar Prince", which the company had built in 1999.   The transaction gives GC Rieber

NordLB Back to Profit

Although the crisis is not over in all segments, Germany's second-largest marine lender, Nord LB, said its shipping loan portfolio turned a corner in the first

RoRo

New Ferry Safety Initiative from RINA

Italy-based classification society RINA informs it has launched a ferry safety initiative.    The Asset Integrity Management scheme for ro-pax ferries covers fire risk mitigation,

Construction Starts on Crowley’s 2nd LNG ConRo Ship

Construction begins on Crowley’s second Commitment Class, LNG-powered ConRo ship for use in the Puerto Rico trade   Shipbuilder VT Halter Marine, Inc. has officially

Scandlines Orders Ferry Battery System

Corvus Energy announces the signing of marine Energy Storage System (ESS) contract with Scandlines Denmark ApS; world’s largest battery hybrid electric fleet orders additional 2.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction 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: 0.3915 sec (3 req/sec)