Dr. Ricaurte Takes Office as Panama Canal Administrator
Dr. Ricaurte Vásquez Morales was sworn-in during a ceremony held at the Panama Canal Administration Building in Panama City, becoming the fourth Panamanian Administrator of the waterway shortly before it celebrates its 20th year under Panamanian administration on December 31, 2019.Administrator Vásquez an economist with more than 30 years’ experience in the public and private sector said: "Just a few months short of the 20th anniversary of the transfer of the Canal to the Panamanian people, we face a distinctly different reality today. Trade now travels along different routes.""This new global reality, in which the Canal operates, requires us to redefine and adapt our business.
Panama Canal Appoints New Administrator
The Panama Canal Board of Directors announced the appointment of Ricaurte Vasquez as the next Panama Canal Administrator.According to a press note from the artificial 82 km waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean, Vasquez will take office on September 4, 2019, succeeding current Administrator Jorge L. Quijano, who concludes his seven-year term at the helm of the waterway.The decision was made by the Board of Directors in accordance to an independent, transparent and rigorous process mandated by the Panamanian Constitution and Organic Law of the Panama Canal Authority."As part of the Panama Canal Authority's autonomous institutional process…
Panama Canal: 15 Years Under Panamanian Administration
The Panama Canal celebrated its 15 year anniversary under the leadership of the Panamanian Administration. The Panama Canal Authority (ACP) is the autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. Since 1999, the Canal has invested $2.4 billion in projects aimed at updating its operational infrastructure and has acquired new equipment, guaranteeing its clients an efficient, safe, reliable and competitive service. During fiscal year 2014 (Oct. 1, 2013 to Sept.
Panama Canal Commemorates 14 Years Under Panamanian Administration
On the countdown to its centennial in 2014, the Panama Canal celebrates 14 years under Panamanian administration, characterized by its enhanced service to world maritime trade. "The Panama Canal has strengthened its role in international trade, while contributing to the country’s development,” said Panama Canal Administrator Jorge L. Quijano. The Panamanian management model has enabled the efficient and safe operation of the Canal, allowing it to offer a world-class service. Under Panamanian administration…
ACP Commemorates 13 Years of Local Administration
The Panama Canal is celebrating 13 years under Panamanian administration. During this period, the Canal has strengthened its role in international commerce as a result of investment in the modernization of its infrastructure, its expansion and an alliance with its natural surroundings. “The Panama Canal reaffirms its relevance in international commerce more than ever as a result of the decisions and actions that Panamanians have taken with regard to its management,” said Panama Canal Administrator Jorge Luis Quijano.
Ambrey Risk is Awarded Panama-Flagged Vessel
Maritime Security specialist Ambrey Risk has been awarded accreditation to work with Panama-flagged vessels. The UK-based security company, which won a Herefordshire Chamber of Commerce award last month, became one of the first maritime security companies to be granted official accreditation from the Panama Maritime Authority, on 28th September 2012, sanctioning the services of armed and unarmed escort guards on vessels transiting piracy high risk areas. Ambrey Risk were quick…
Panama Canal Appoints Diverse Members to Board
The Panama Canal Authority (ACP) has appointed six new members to its Advisory Board adding it diversity with members from business, transportation, academia and maritime shipping. The Advisory Board was founded in 1999 at the time of the transfer of the Canal to Panamanian administration. The members of the Advisory Board provide strategic counsel to the ACP and the Board of Directors on various important issues that relate to the management and administration of the Canal including finances, insurance, operations and permanent modernization. The new members are: Admiral William J. Flanagan, Jr., Ret., U.S. Navy, Former Commander-in-Chief, U.S. Atlantic Fleet; Dr. Ernst Frankel, Professor Emeritus in Ocean Systems and Professor of Management, Massachusetts Institute of Technology; Dr.
