Coast Guard Rescues Florida Man from Sinking Car
The U.S. Coast Guard rescued an elderly man from a vehicle that fell into a marina in Panama City, Fla. A boat crew from Coast Guard Cutter Marlin was launched to rescue the 89-year-old man behind the wheel after crew members saw his vehicle go into the St. Andrews Marina in at approximately 12:45 p.m. Saturday. The boat crew broke the car’s window, pulled the man from the vehicle and transferred him to emergency medical personnel ashore. “As soon as one of our crewmen witnessed the car enter the water…
Panama Canal Sets New Tonnage Record
The Panama Canal set a mark in its history as it reached a new tonnage record of 333.7 million Panama Canal tons (PC/UMS) during fiscal year 2012 which concluded on September 30. This achievement highlights the value of Panama and its significance as a link in the chain of global trade. "This milestone attests to the reliable and continuous service offered by the Canal, which is supported by a workforce of 10,000 men and women. The Panama Canal works tirelessly to provide its customers with first-rate service…
Panama Canal Begins Centennial Countdown
The Panama Canal Authority (ACP) began the countdown for the centennial celebration as it commemorates its 99th anniversary. The countdown’s events will highlight the waterway’s contribution during the past 100 years and the efforts underway to face the challenges of the upcoming decades. The countdown began with the presentation of the Panama Canal Centennial logo on the control house balcony at the Miraflores Locks in a ceremony attended by members of the ACP Board of Directors and Panama Canal executives.
COSCO's Vessel Departs Greece for Inaugural Transit through Extended Panama
The container vessel COSCO Shipping Panama set sail from the Greek Port of Piraeus today on its way to Panama to make history. The Neopanamax vessel will make the inaugural transit of the Expanded Panama Canal on Sunday, June 26, after a 14-day journey. Panama Canal Administrator Jorge L. Quijano met with COSCO Shipping Panama’s Captain Jude Rodrigues and crew members prior to the ship’s departure. “I am very excited to be here today to witness the sailing of the ship from Greece, but also meet the Captain and his crew,” said Administrator Quijano.
Cosco Endorses Panama Canal Expansion
Captain Wei Jiafu, President and CEO of China Ocean Shipping Company (COSCO), recently endorsed the potential Panama Canal expansion, citing that a more modern, Canal will benefit the global economy and world trade. Nearly five percent of total world trade transits the Panama Canal. Of this trade, 88 percent flows between the United States and Asia. In a speech given in Panama last month, Captain Wei stated that with the rapid development of China’s economy, the Panama Canal becomes more important as a vital link for China to import and export goods to and from the East Coast of the United States, the Caribbean and the East Coast of South America. “I fully support this expansion plan. I believe that the expansion of the Canal will enable more ships to utilize the Panama Canal.
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.
PSA Starts Expansion Work on 2m teu Panama Terminal
Singapore-based port operator PSA Panama International Terminal (PSA Panama) has started a USD 400 million expansion of its container terminal located on the west bank of the Panama Canal Pacific. It has started on the expansion after being granted approval by the National Assembly, the Panama Canal Authority ACP, the Panama Maritime Authority and the Panamanian State. The expansion is targeted to be ready for operations before the end of 2016, in conjunction with the commercial opening of the expanded Panama Canal.
Raytheon Anschütz Opens Service Center in Panama
German navigation system manufacturer Raytheon Anschütz has established its new subsidiary Raytheon Anschuetz Panama, S. de R.L., in Panama City. The new company, to open on February 1, 2015, will be positioned as the regional customer support and service coordination center, including service training capabilities and a large spare parts depot for Panama, Middle and South America and the Caribbean. The facility of Raytheon Anschuetz Panama is located close to the Panama Canal and in decent proximity to the airport…
MOL Establishes New Panama Vessel Operation Center
MOL hosted a party to celebrate the grand opening of its new Panama Vessel Operation Center in Panama City, Panama on December 9, 2003. Some of the guests in attendance included: Mr. Joaquin Jacome, Minister of Commerce; Mr. Jerry Salazar, Minister of Canal Affairs; and Mr. Shuji Shimokoji, Ambassador of Japan. Considering Panama to be one of the world’s key maritime centers, the company established MOL (Panama) Inc. in May 2003, which is responsible for handling all commercial activities for MOL’s liner division in Panama. The responsibilities of MOL (Panama) Inc. were increased last month when it was named a regional office in charge of managing the activities of MOL’s Caribbean and Central America shipping agents.
MOL Establishes Shipping Agency in Panama
MOL (America) Inc. will establish a new shipping agency in Panama to handle all commercial activities for MOL’s container division, effective May 1, 2003. The new company will be named MOL (Panama) Inc. Additionally, Boyd Steamship Corporation will handle Canal transits for MOL’s container division, allowing the two companies to Julio De La Lastra has been named President and Chief Operating Officer of MOL (Panama). He brings 24 years of maritime industry experience to his new position. Prior to joining MOL, Mr. De La Lastra served as Vice President of Liner Operations for Boyd Steamship Corp. In February 2002, the President of Panama, Mireya Moscoso, presented MOL the Panama Maritime Excellence Award.
Panama Canal Execs Consider Expansion Benefits
The Panama Canal Authority (ACP), along with the Government of Panama, participated in The Business Roundtable, organized by Economist Conferences, a division of the Economist Intelligence Unit in Panama. During the forum, Vice President and Minister of Foreign Affairs Samuel Lewis Navarro, ACP Board of Directors Chairman and Minister of Canal Affairs Dani Kuzniecky, ACP Administrator/CEO Alberto Alemán Zubieta and Coyne et Bellier’s Executive Vice President for Strategy and Development, Jean Binquet discussed the importance of the Canal’s expansion as one of the main projects for the country’s economic development. Panama is leveraging its two primary assets, its natural geographic position and the Panama Canal, to create an aggressive development strategy.
Indonesia, Panama explore maritime cooperation
The governments of Indonesia and Panama have explored cooperation in the field of maritime affairs, reports the Jakarta Post. The cooperation in maritime affairs especially regarding the management of seaports include vessel registration, the eradication of illegal fishing, the protection of ship crews, the certification of seafarers and the development of bilateral trade, says the Indonesian foreign ministry's Director General for America and Europe Dian Triansyah Djani. "Indonesia…
Panama Invites China and Taiwan for Canal Ceremony
Taiwanese President-elect Tsai Ing-wen and Chinese President Xi Jinping have both been invited to the inauguration ceremony of the newly expanded Panama Canal on June 26. Tsai Ing-wen's invitation from its Panamanian diplomatic ally is drawing local media attention as Chinese leader Xi Jinping has also been invited to the same event. Aside from focusing on the possibility of a "Tsai-Xi" meeting on the sidelines, Panama's intentions need to be scrutinized with regard to a possible resumption of a diplomatic recognition tug-of-war across the Taiwan Strait.
U.S. Sec of Commerce Visits Panama Canal
U. S. Secretary of Commerce Carlos Gutiérrez visited the Panama Canal today as part of an official Panama tour. Panama Canal Authority Administrator/CEO Alberto Alemán Zubieta met Secretary Gutiérrez and the U.S. delegation at the Miraflores Locks, where he explained how the waterway works and provided details on the progress of the Canal's expansion. Expansion will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, which will double capacity and allow more traffic and longer, wider ships.
G6 Alliance Announces Port Rotations
After agreeing to expand the successful G6 Alliance to the transpacific trade earlier this year, the six member lines announced the port rotations of their new comprehensive and competitive service portfolio. The new expanded cooperation will start in May with six coordinated services in the Asia-to-North America East Coast trade. It will deploy more than 50 efficient vessels with capacities between 4,500 and 8,000 TEU to connect about 30 ports in Asia, United States and Canada East Coast…
100 Years of Dredging Culebra Cut
The Panama Canal commemorates 100 years of dredging Culebra Cut, removing the last barrier during its construction for the free movement of vessels along the 80-kilometer waterway. Following the calendar of activities in the countdown to the centennial, the Panama Canal highlighted the significant role played by dredging to ensure the safe navigation through the waterway, even before its opening 100 years ago. "Dredging is key to ensure the safe and efficient navigation through the Panama Canal on its nearly 100 years of operation," said Panama Canal Administrator Jorge L.
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 to Transform its Role with Canal Expansion
Knowledge@Wharton, the Wharton School of the University of Pennsylvania journal, says that the transformation Panama Canal expansion project will bring to Panama’s domestic economy and society have been largely overshadowed by the historic expansion. With the opening of the long-awaited Panama project this June, all eyes are on the impact the $5.25 billion engineering marvel will have on maritime traffic across the vital international lanes that link the Pacific, the Atlantic and the Gulf of Mexico.
Panama Canal Authority, Peel Ports Form Alliance
The Panama Canal Authority (ACP) has entered into a Memorandum of Understanding (MOU) with major UK ports operator, Peel Ports, who own the Port of Liverpool, as the latter gears up for the formal opening of its Liverpool2 container terminal in early November. The formal agreement creates a strategic alliance aimed at facilitating international trade and generating new business by promoting trade routes between Liverpool and the west coast of South America via the Panama Canal. The agreement was signed October 24 by Jorge L.
AMP Approves New Container Terminal
Panama Maritime Authority Approves New Container Shipping Terminal; Panama Colón Container Port designed to complement newly expanded Panama Canal and rising cargo volumes in Panama. The Panama Maritime Authority (AMP) has granted permits to a private development group for the construction and operation of a new container terminal to be built at the Atlantic entrance of the Panama Canal. Jones Lang LaSalle is acting as development advisor to the project consortium. With an estimated construction value exceeding $USD 600 million, the Panama Colón Container Port (PCCP) is expected to become one of the largest private maritime infrastructure projects in Panama, and the first terminal to be built on freehold land.
Carter To Panama: 'It's Yours'
Former U.S. President Jimmy Carter symbolically placed the Panama Canal into Panamanian hands last Tuesday with the simple words, "it's yours," granting the tiny Central American nation sovereignty over all its territory for the first time since its birth in 1903. "Today we are gathered in the spirit of mutual respect, acknowledging without question the full sovereignty of Panama," Carter told hundreds of Panamanian and foreign dignitaries gathered under a light rain at the Miraflores Locks at the Canal's Pacific entrance. In what Carter and Panama President Mireya Moscoso called a pivotal moment in the history of the hemisphere, the two leaders signed a symbolic accord marking the Canal's passage to Panama. Under the 1977 Panama Canal Treaties brokered by Carter, the U.S.
Panama Canal Reinforces Tug Fleet for Expansion
The Panama Canal has increased its tugboat fleet with the arrival of the first two of 14 tugboats that will improve the waterway’s resources to offer a safer and more efficient service to the global shipping industry. These tugboats will strengthen the Canal’s capacity for the operation of the Third Set of Locks. “These new tugboats will allow the Panama Canal to continue offering a world-class service,” Panama Canal Administrator Jorge L. Quiijano said. Cerro Itamut and Cerro Picacho are part of the new fleet of 14 tractor tugs that will be arriving within the next 12 months from Spain.
Panama Canal Dismisses ITF Claims
The Panama Canal has dismisses claims by the International Transport Workers’ Federation (ITF) that questions industry standards and the operation of the Expanded Panama Canal’s new locks. Claims made by ITF that new locks built for the Panama Canal expansion will be unsafe in operation have been strongly rejected by the Panama Canal Authority (ACP) as lacking scientific accuracy and credibility. Following the publication of an ITF-commissioned study, Peter Pusztai Panama, Canal Pilot Training Coordinator, said: “The ITF’s claims are unproven and contain many errors.