Panama Canal, Vehicle Carriers Discuss Expansion Program

MarineLink.com
Thursday, April 18, 2013
Canal Authority (ACP) Administrator Jorge L. Quijano

As part of the permanent dialogue with the shipping industry, a Panama Canal Authority (ACP) delegation headed by Administrator Jorge L. Quijano visited South Korea to hold discussions with the vehicle carrier market segment and obtain feedback on the future toll structure being developed by the ACP that will go in effect upon completion of the Canal Expansion Program. 

Canal officials met with the Korea Shipowners’ Association, Hanjin Shipping and STX Pan Ocean, Ltd. The delegation also met with several vehicle and heavy equipment companies.

“In addition to the discussions about the future toll structure, we also took the opportunity to update our customers on the Expansion Program and other initiatives in operations being undertaken by the ACP to improve our current service and addressing questions about the expanded Canal,” Quijano said. 

In addition, Canal officials met with SK Energy and to discuss the new possibilities that the expanded Canal will open to trade of liquefied natural gas (LNG).

The Panama Canal Administrator held discussions with the International Chamber of Shipping (ICS) in December 2012. In February 2013, Quijano met with the International Association of Independent Tanker Owners (Intertanko) and the International Association of Dry Cargo Shipowners (Intercargo). The ACP will hold meetings with other market segments in the upcoming months.

In 2012, PC/UMS tonnage for vehicle carrier transits registered 37.7 million, an 8.6% increase from the previous year. This segment's traffic through the Canal remained dynamic, along with the rise of vehicle flows in the main maritime trade routes.

The $5.2 billion (USD) 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 capacity. The Expansion will allow the Panama Canal to satisfy the increasing demand of world maritime trade.

www.pancanal.com

 

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

Ports

SAAM SMIT Towage Brazil Signs on with Helm

Helm Operations has signed on Brazilian harbor services company SAAM SMIT Towage to its Helm Marine Operations software to manage its billing and dispatch.    SAAM

First Ocean Vessel of 2015 Arrives at Port of Indiana

Northwest Indiana celebrates opening of gateway to global markets   The arrival of the 655-foot bulk carrier M/V Irma at the Port of Indiana-Burns Harbor signals

Risk & Reputation in the age of Disruption

Risks faced by today’s global businesses represent a combination of traditional concerns and newer threats that reflect changing times. The 2015 Allianz Risk Barometer,

LNG

Underway on LNG

On 17 January 1955, Commander Eugene P. Wilkinson, USN, the first Commanding Officer of USS Nautilus (SSN 571) signaled the memorable and historic message “Underway on nuclear power.

ExxonMobil President Seeks Swift Action on US LNG Exports

The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves

Cargo Ferry Project Moves Transport from Road to Sea

A new competitive and eco-friendly maritime transport concept, the Cargo Ferry project, was presented in Oslo today. The result of more than two years of work,

RoRo

New Domestic Ferry for Faroe Islands Service

Third generation domestic ferry for service between Nólsoy and Tórshavn in the Faroe Islands.   According to the vessel's designer, this project is the second

Staff to Strike at Vopak after Wage Talks Break Down

Unions at Dutch oil storage company Vopak said staff would begin a series of strikes at the company's terminals after talks aimed at securing improved employment

 
 
Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics 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: 0.3594 sec (3 req/sec)