Appoints New Member to Advisory Board

December 11, 2006

The Panama Canal Authority (ACP) has appointed Nippon Yusen Kabushiki Kaisha (NYK Line) President Koji Miyahara as its newest Advisory Board member. This appointment helps strengthen the Canal's focus in maritime shipping and provides the Board with representation from Japan, one of the largest users of the Panama Canal. Additionally, Mr. Miyahara will play a key role in the implementation of the ACP's expansion plans. The Advisory Board was founded in 1999 at the time of the transfer of the Canal to Panama. The members of the Advisory Board provide strategic counsel to the ACP and its Board of Directors on issues related to the management and administration of the Canal, including finances, insurance, operations and permanent modernization.

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