Maersk Line CEO Visits Panama Canal Expansion
Panama City, Panama, May 14, 2013 – Maersk Line CEO Søren Skou visited the Panama Expansion construction site accompanied by Panama Canal Administrator Jorge L. Quijano during his recent trip to Panama. Skou and other Maersk Line executives had the opportunity to see the construction site of the new locks in the Atlantic side, which will allow the transit of Post-Panamax vessels through the Panama Canal. During the visit, Panama Canal Administrator Jorge Luis Quijano updated the delegation on the progress of the expansion program.
Panama Canal LNG Volume Soars as Global Demand Grows
The Panama Canal may carry five times as much liquefied natural gas (LNG) in 2020 as it did last year as production of the fuel expands in the United States and Asian import demand rises, the head of the canal's governing agency told Reuters.LNG volumes traversing the Canal could hit 30 million tonnes a year before the end of 2020, said Jorge Quijano, who leads the Panama Canal Authority, up from 6 million tonnes last year.Demand for LNG has risen significantly in the last three years as the increase of supply…
ACP Administrator to face Panamanian Assembly
National Assembly will question two national leaders, among them the Panama Canal Administrator. The plenary of the National Assembly has approved a proposal to call Panama Canal Administrator Jorge Luis Quijano before the body to answer questions about the waterway's finances and the progress of the expansion. The proposal was presented by a group of deputies from different parties, including Leandro Avila and Raúl Pineda of the PRD, CD Deputy Dalia Bernal and Miguel Salas of the Panameñista party.
ACP Names New Director
Panama Canal Authority Board of Directors appoints new Canal Administrator. The Panama Canal Authority (ACP) Board of Directors announced today the appointment of engineer Jorge Luis Quijano as the new Panama Canal Administrator. Mr. Quijano will succeed Alberto Alemán Zubieta, who has been at the helm of the Canal for the past 16 years and whose term will end on September 3, 2012. “We are proud to announce the appointment of Jorge Quijano as the new Canal Administrator. The Board of Directors…
Panama Canal Reports Record Tonnage
The Panama Canal registered a tonnage record of 87.7 million PC/UMS tons (Panama Canal Universal Measurement System) during the first quarter of the fiscal year (FY), a 4.8% increase from what was forecasted. “These results reaffirm Panama Canal’s impact on international trade and its role of continuing to offer a reliable and competitive service to its customers,” Panama Canal Administrator Jorge L. Quijano said. The Panama Canal fiscal year goes from October 1 to September 30. The previous record was during the first quarter of FY 2012 which registered 86.2 million PC/UMS tons.
Panama Canal Celebrates 100 Years
The Panama Canal celebrates today a century of operations connecting the world, committed to completing its Expansion, the largest infrastructure project of the waterway since its opening. "Going forward, the Panama Canal will continue to connect the world, supported by all the modernization efforts since its construction,” said Panama Canal Administrator Jorge L. Quijano. The Panama Canal opened to world trade on August 15, 1914 with the passage of SS Ancon. Ever since, the 80-kilometer waterway has registered over 1,055,000 transits reducing distances, time and shipping costs.
Parties Agree to Complete Panama Canal Expansion
On August 1, 2014, the Panama Canal Authority (ACP) and the consortium Groups Unidos por el Canal (GUPC) signed the variation incorporating to the original contract the agreement reached in March for completion of the Third Set of Locks project. "What remains now is to continue working with the commitment to complete the Expansion which is currently at a 78% progress," said ACP Administrator Jorge L. Quijano. The Expansion Program registers an overall progress of 78%, while the new locks project is currently 73% complete.
Panama Canal Expansion 96% Complete
The Panama Canal Authority (ACP) announced that the first-ever expansion is 96 percent complete. A video of recent progress can be seen here. In line with this, ACP CEO/Administrator Jorge L. Quijano provided a next-step update at an industry event Friday in Panama City. Locks reinforcements are scheduled to be completed mid-January 2016. Testing of locks reinforcements and additional testing will occur next. In April, transit trial tests with a chartered vessel in the Atlantic locks will occur (following conversations with GUPC).
ACP Hosts International Maintenance Congress
The Panama Canal Authority (ACP) hosts the first International Maintenance Congress, focused on developing a business culture of profitability, maintenance & sustainability. Experts from United States, Chile, Costa Rica, Colombia, Mexico, Brazil, Uruguay and Panama participate in the 16, January 2013 congress held in the Ascanio Arosemena Training Center through January 18, 2013. The congress will develop three main topics: reliability and maintenance, management of maintenance and maintenance technology. The Panama Canal decided to organize this conference as a way to contribute its expertise in the areas of maintenance, in order to improving reliability, productivity and profitability.
Panama Canal Expansion Moving Forward
After the arrival of the second set of rolling gates, the Panama Canal Expansion keeps moving forward reaching a new milestone at the Pacific side with the pouring of more than two million cubic meters of concrete, the Panama Canal Authority (ACP) reported. "This is another milestone that shows the progress of various components of the Canal Expansion Project," said the Administrator of the ACP, Jorge Luis Quijano. The pouring mark of more than 2 million meters of concrete was reached this month in one of the monoliths that is on the west wall of the middle lock chamber.
Gate Installation Begins at Panama Canal Expansion
The installation of the gates for the new locks of the Panama Canal began today on the Atlantic side of the waterway, the Panama Canal Authority (ACP) reported. “This is a very important milestone for the Expansion Program,” said Panama Canal Administrator Jorge L. Quijano. The gate will be located in lock head two in the new locks on the Atlantic side. The installation of the gate began early in the morning and is expected to be completed in the next couple of days. The steel gates are moved using self-propelled motorized wheel transporters (SPMTs) with more than 400 wheels each.
Expanded Panama Canal Begins to Take Transit Reservations
The Panama Canal began accepting transit reservations for Neopanamax vessels for commercial transits through the Expanded Canal starting on June 27, 2016. In light of the upcoming Expansion inauguration date, the Panama Canal will offer four additional slots per day for Neopanamax vessels, in addition to the existing 25 slots of the current Canal. The first reservation was granted to a liquefied petroleum gas (LPG) tanker LINDEN PRIDE of Nippon Yusen Kaisha (NYK Line), represented by shipping agent Norton Lilly International (Panama), S.A. The vessel has a length of 754.59 ft.
Panama Canal Expansion Tripartite Meeting
A Panama Canal Authority (ACP) delegation met with International Chamber of Shipping & IMO representatives for canal expansion talks. The ACP delegation was headed by Administrator Jorge L. During these meetings, Canal officials presented a progress report on the waterway's Expansion Program and the requirements for new Panamax vessels to transit the new lane once it is completed, including a conceptual framework to change the waterway's toll structure after 2014. The Expansion…
ACP Extends Bid Submission
In a move that will result in better bids for the “design-build” contract for the new locks under the Panama Canal’s Expansion Program, the Panama Canal Authority (ACP) will provide an extension for the locks proposal due date. The four global consortia in the running for the contract will now have until December 10 to submit their bids for what will be the largest and most important project under the $5.25 billion expansion. The ACP received requests from the consortia to extend the proposal due date and has listened to their needs. Additional time given to the consortia will result in more fully developed bids on both the technical and price proposals, ultimately benefitting the expansion project.
Panama Canal: New Lock Gates Transferred to Atlantic Side
ACP informs that the Panama Canal Expansion has reached another important milestone with the transfer of the first gates to the new locks complex in the Atlantic side. "This is a very important operation because it involved the first movement of the gates from the special dock where they were unloaded to the lower chamber of the new locks," said Panama Canal Authority (ACP) Administrator Jorge L. Quijano. The Administrator explained that the process was carried out following rigorous safety measures to ensure that the more than 3…
Sill Reinforcements Complete in New Panama Canal Locks
The Panama Canal Authority (ACP) announced that sill reinforcements in the new locks have been completed this week, bringing the Panama Canal Expansion closer to inauguration. The filling of the Pacific-facing Cocoli Locks has already begun, and the filling of the Atlantic-facing Agua Clara Locks began today. The Panama Canal is building the expanded Canal for the long haul, which is why quality and testing are critical. Once the locks are filled, the sills will undergo a rigorous testing process to ensure their integrity and proper function. “Every day, we move closer to completion,” said Panama Canal Administrator and CEO, Jorge L. Quijano. Less than four percent remains to complete the Panama Canal Expansion Program, which is expected to be inaugurated in the second quarter of 2016.
Transit Reservations for Expanded Panama Canal Begins
Today, the Panama Canal began accepting transit reservations for Neopanamax vessels for commercial transits through the Expanded Canal starting on June 27, 2016. In light of the upcoming Expansion inauguration date, the Panama Canal will offer four additional slots per day for Neopanamax vessels, in addition to the existing 25 slots of the current Canal. The first reservation was granted to a liquefied petroleum gas (LPG) tanker LINDEN PRIDE of Nippon Yusen Kaisha (NYK Line), represented by shipping agent Norton Lilly International (Panama), S.A. The vessel has a length of 754.59 ft.
Panama Canal’s Third Set of Locks Complete
The Panama Canal Authority (ACP) was informed by its contractor Grupo Unidos por el Canal, S.A. (GUPC) on Wednesday, June 1 that the Third Set of Locks have officially passed all performance tests and are now functionally completed to allow a safe, efficient and reliable operation of the new locks in accordance with the provisions of the contract. The ACP said it will conduct a detailed review of the submitted report in order to proceed with appropriate action and respond to the contractor, symbolizing a milestone toward the inauguration of the new lane on June 26.
Panama Canal Administrator Presents Expansion Program
Panama Canal Administrator Jorge L. Quijano presented the Panama Canal Expansion Program during his recent visit to Lamar University, in Beaumont, Texas. During the conference, Quijano highlighted the impact of the Panama Canal Expansion on the U.S. Gulf ports, focusing on those located in Texas. “An important number of the vessels of various segments that transit the Canal today have as port of origin or destination the U.S. Gulf ports. Furthermore, once the Panama Canal Expansion…
Bank President Visits Panama Canal Locks
President of Inter-American Development Bank (IDB), Luis Alberto Moreno, visits the construction site of the new locks in Colon province. The new locks, situated on the Atlantic side, were visited by Moreno, accompanied by IDB delegates, who are in Panama to participate in the Fifty-Fourth Annual Meeting of the Board of Governors which takes place from March 14 to 17, 2013. During the visit, Panama Canal Administrator Jorge Luis Quijano presented an update on the progress of the Expansion Program.
Panama Canal Locks Project Work Resumes
The Panama Canal Authority (ACP) said that Grupo Unidos por el Canal. S.A. (GUPC) has resumed work on the new locks project during the afternoon of Thursday, February 20. “Works have restarted this afternoon,” said Panama Canal Administrator Jorge L. Quijano. Since works have resumed, ACP will proceed to pay tomorrow GUPC the $36.8 million due for December invoices. This preliminary agreement to resume works does not imply a negotiation on the alleged cost overruns claimed by the contractor. ACP reiterates that these claims must be process through the mechanisms within the contract.
Panama Canal Updates Maersk on Expansion
Within the framework of the centennial celebration, the Panama Canal Administrator Jorge L. Quijano received a Maersk Line delegation led by Søren Skou, CEO of Maersk Liner Business, to provide an update on the Expansion Program and discuss the future trends in the maritime industry. Administrator Quijano updated Maersk executives on the progress of the Expansion Program. He said that the plan is underway to ensure that the new locks will be open for transits in the beginning of 2016.
Panama Canal, Vehicle Carriers Discuss Expansion Program
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.