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

Ports

Robert Allen Designed Tug Launched in Italy

Rimorchiatori Riuniti bolsters Porto di Genova fleet with another Robert Allan Ltd. designed tug Rimorchiatori Riuniti currently operates five Robert Allan Ltd.

URAG Orders Two ASD Tugs from Damen

URAG, a German port and offshore towage provider based in Bremerhaven, has placed an order for two Damen ASD 2411 tugs. The contract was signed at the SMM exhibition in Hamburg.

For Europe's LNG Ports, Russia Gas Fears and US Exporters Buoy Demand

Gas buyers nervous of Russia cutting supply are helping solve Europe's problem of too many underused liquefied natural gas (LNG) terminals, as they seek space at France's Dunkirk plant.

LNG

For Europe's LNG Ports, Russia Gas Fears and US Exporters Buoy Demand

Gas buyers nervous of Russia cutting supply are helping solve Europe's problem of too many underused liquefied natural gas (LNG) terminals, as they seek space at France's Dunkirk plant.

Ferus Smit Building LNG Powered Cement Carrier

The first unique LNG powered ship that Ferus Smit has on order for Erik Thun A.B. will be built and equipped as a dedicated cement carrier. The ship will be delivered to the joint venture JT cement,

China Orders More MAN Dual-Fuel Units

51/60DF engines to power LNGCs MAN Diesel & Turbo has announced a further order for its MAN 51/60DF engine. After a longer period of evaluation, an international consortium,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics 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: 0.1359 sec (7 req/sec)