Panama Canal Authority to Invest Heavily in Maintenance

MarineLink.com
Tuesday, August 13, 2013
Photo courtesy of ACP

The Panama Canal Authority (ACP) will invest in its fiscal year (FY) 2014 (October 1, 2013 to September 30, 2014) approximately US$238-million in maintenance of structures and equipment to continue providing an efficient service to the international maritime community.

“The key to the Panama Canal’s operational excellence is a combination of its committed workforce and constant maintenance,” Executive Vice President for Operations Esteban Saenz said. “Each year we dedicate significant resources to this aspect of the Canal."
 
About to reach its centennial, the Canal guarantees its efficiency through the permanent maintenance and modernization of its infrastructure. Approximately, US$2 billion have been invested since 2000.
 
The Panama Canal will continue the maintenance programs necessary to ensure the waterway’s optimal operating conditions. The main areas of maintenance include, among others, the navigation channel through dredging operations; the control of erosion and landslides; floating equipment such as tugboat, dredges, cranes and launches; the locks and their components; and the dams, landfills, power plants, buildings and facilities.
 

 

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

People & Company News

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

Panama Canal Sets Sight on Another Expansion

As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion

Long Beach, LA Collaborate to Improve Cargo Flow

Executives from the ports of Long Beach and Los Angeles held a kickoff meeting earlier this week to begin working together to focus on cargo conveyance strategies

Navigation

US Will Work to Ensure Bab-el-Mandeb Strait Remains Open

The U.S. military will work with Gulf and European partners to ensure the strategic Bab el-Mandeb Strait at the tip of the Red Sea remains open to commerce despite fighting and instability in Yemen,

BMT’s REMBRANDT-INLAND Simulation Tool

Brown Water Training and Collision Reconstruction Taken to a New Level When a new or expanded port is planned on an inland waterway, how do you assure the civil

Using AIS Data to Assess Collision Risks

Automatic Identification System (AIS) data is now being used to determine the collision risk for offshore installations. MARIN helps oil companies with risk assessments

Finance

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

Panama Canal Sets Sight on Another Expansion

As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion

Baltic Sea Freight Index Flat on Muted Vessel Activity

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained steady on Thursday due to a muted vessel activity.

Maritime Security

US Will Work to Ensure Bab-el-Mandeb Strait Remains Open

The U.S. military will work with Gulf and European partners to ensure the strategic Bab el-Mandeb Strait at the tip of the Red Sea remains open to commerce despite fighting and instability in Yemen,

17 Countries for Maritime Security Training in Indonesia

Representatives from 17 countries would take part in the sixth Maritime Security Desktop Exercise that is scheduled to be held in Yogyakarta, Indonesia from March 30 to April 1.

Japan's Navy Unveils De-Facto Aircraft Carrier

Japan's Maritime Self Defense Force (JMSDF) took delivery of its biggest warship Izumo, since World War II, a vessel that observers say is a "de-facto aircraft carrier".

 
 
Maritime Contracts Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair 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: 0.2356 sec (4 req/sec)