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Canal Board Of Directors And Panama News

30 Dec 2014

Panama Canal Board Approves New Port Plans

Photo: Panama Canal Authority

The Panama Canal board of directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the canal’s entrance to the Pacific. The project is now awaiting the final step for approval from Panama’s National Assembly. The project is another example of the canal’s continual commitment to develop new products, enhancing customer service and furthering Panama’s position as the logistics and maritime hub of the Americas.

23 Jul 2002

Panama Canal Authority Holds Public Hearing

The Panama Canal Authority (ACP) held a public hearing giving Canal customers and other interested parties the opportunity to comment on the modified pricing structure proposed by the ACP in early June of this year. Nearly fifty interested persons presented comments, with many expressing their appreciation for the recent improvements in safety and efficiency of Canal operations, but also saying that the percentage increase is too high and poorly timed. Subsequent to the hearing, the ACP will study the comments, as it considers the proposed changes in rates and pricing structure. If approved, the new pricing structure is anticipated to go into effect in October, 2002. The hearing was a significant step in the consultation process initiated by the ACP several weeks ago.