Panama Canal Expects LNG Tanker Traffic to Rise 50%
The number of liquefied natural gas (LNG) tankers traversing the Panama Canal is expected to jump 50 percent by September due to rising exports of the fuel from the United States, the head of the canal's governing agency told Reuters. After adding a third set of locks in 2016, the Panama Canal Authority expects that growing global demand for LNG will boost transit through the waterway, said Jorge Quijano, head of the authority. Demand for LNG has taken off in recent years because of abundant supplies of natural gas…
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.
Panama Canal Authority Proposes Changes to Pricing System, Regulations
On January 25, 2007, the Panama Canal Authority's (ACP) Board of Directors gave authorization to proceed with a formal proposal to restructure the Canal's pricing system and certain regulations. The proposal was officially published today and can be accessed at http://www.pancanal.com.
ACP Reaches Milestone in Canal Expansion
Panama President and Canal Authorities Commemorate New Milestone in Canal Expansion Work. Panama President Ricardo Martinelli witnessed a new milestone at the Canal Expansion with the filling of a segment of the new access channel that will allow the transit of Post-panamax vessels between the new Locks and the Culebra Cut. Panama Canal Authority Board of Directors Chairman and Canal Affairs Minister Rómulo Roux and Panama Canal Authority Administrator Alberto Alemán Zubieta accompanied…
Panama Canal Shipboard Oil Pollution Emergency Plans
The Panama Canal Authority issued an Advisory stating that a new Section Four has been added to Chapter IX of the Regulation on Navigation in Panama Canal Waters. The new articles require vessels transiting the Canal to have Panama Canal Shipboard Oil Pollution Emergency Plans (PCSOPEPs), among other things. The PCSOPEPs must include identification of the oil spill removal organization (OSRO) previously reviewed by the Panama Canal Authority and hired by the vessel to conduct appropriate cleanup tasks in the event of an oil spill. The PCSOPEP must be submitted for review by the Authority. The new requirements come into effect on January 1, 2004. Source: HK Law
ACP CEO Honored with Latin Trade Award
Top award acknowledges outstanding service in the Western Hemisphere. CEO of the Panama Canal Authority, Alberto Alemán Zubieta, will be awarded the Latin Trade BRAVO Business Award for Distinguished Service in the Hemisphere on October 28. With nine categories, including a Lifetime Achievement Award and Dynamic CEO of the Year, the BRAVO Business Awards are given to those playing a key role in improving Latin America’s economy, business and education. “I am humbled by this honor…
Panama Canal Infrastructure to be Valued by VRC
Leading provider of independent valuations, Valuation Research Corporation (VRC) says it has been engaged by the Panama Canal Authority to value the locks, dams, power plants and other structures of the canal for insurance purposes. This is VRC’s second valuation engagement with the authority. In 2004, VRC was engaged to provide a comprehensive valuation in connection with financing the Canal’s expansion. “We are very pleased to once again work with the Panama Canal Authority,” said Richard Nordberg, Managing Director.
GE Engines for Panama Canal Tugboats
This marks the third order by the authority for GE Marine engines to power its fleet. The first order for 26 GE Marine Model 12V228 engines was placed in 2008 to power 13 vessels that are now in service. A second order was placed in 2009 for an additional four Model 12V228 engines for tugs still being built. Marinsa International, the GE Authorized Distributor for Panama, will commission and install the engines and continue to support the operating fleet. GE Marine say their engines are designed for availability, performance and low life-cycle cost. GE’s global distributor network provides regional support and service for the portfolio of GE Marine engines. "These new tugboats are an important acquisition for the operation of the Panama Canal.
Panama Canal New Locks tested Successfully
The Panama Canal has announced that Grupo Unidos por el Canal (GUPC), the consortium responsible for the design and construction of the third set of locks project, has successfully completed testing of the reinforcements in sill #3 at the new Cocoli Locks in the Pacific. GUPC technical personnel, the designers, and Panama Canal Authority (ACP) specialists monitored the testing process, which consisted of gradually raising the water behind the lock gate to the level in which the seepage was first detected in sill #3 last August.
Panama Canal Hosts Safety Conference
Zubieta; and Panama Canal Authority Director of Maritime Operations Jorge L. Quijano. Representatives from more than 70 countries have gathered in Panama this week for the 15th annual Marine Accident Investigators' International Forum (MAIIF) meeting. Organized by the Panama Canal Authority (ACP) together with the Panama Maritime Authority (AMP), the conference enables participants to share best practices related to the investigation of maritime accidents and promote increased communication among accident investigators worldwide. During the conference, MAIIF acknowledged the Panama Canal's commitment to reducing maritime accidents. ACP Captain Miguel Rodríguez…
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.
Panama Canal Website Earns Award
The Panama Canal Authority (ACP) Web site (www.pancanal.com) received special recognition in the 2003 Golden @ Contest of El Salvador as the "Most Voted For Web site" by users in Central America. Accepted on behalf of the ACP by Roderick Guerra, Ambassador of Panama to El Salvador, the award was sponsored by Microsoft - El Salvador and El Diario de Hoy, a leading newspaper in El Salvador. Launched initially in August of 1998, and updated to the award-winning Web site version in December of 2000, Pancanal.com was constructed by an in-house graphics design team, executing the vision of Webmaster Leyla Raymondo and the ACP Corporate Communications Department.
Dignitaries Visit Panama Canal
Brazilian President, Luiz Inácio Lula da Silva in the company of President Martín Torrijos and the Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta at the Miraflores Locks control room. A week after Brazilian President Luiz Inácio Lula da Silva toured the Panama Canal with a delegation of Brazilian investors, El Salvadoran President Elías Antonio Saca visited the Canal as part of an official two-day tour to the country. Torrijos and the Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta. region’s trade. echoed Lula’s thoughts about this important project. on promoting cooperation agreements and Brazilian investments in the region. largest user of the interoceanic waterway by trade flow, according to 2006 ACP data.
Panama Canal Extension Dispute: Talks, Not Works, Continue
The Panama Canal Authority (ACP) reports that despite efforts to agree with Grupo Unidos por el Canal, S.A. (GUPC) to resume work on the new locks project, positions between the parties remain apart. According to ACP a telephone confernce was held with CEOs of the contracting companies comprising GUPC (Sacyr Vallehermoso, S.A (Spain), Impregilo, S.p.A. (Italy), Jan de Nul Group (Belgium) and Constructora Urbana, S.A. (CUSA) (Panama) to review main points, including delivery times for the gates and how the remainder of the project is to be completed…
Panama Canal Plans LNG Terminal
The Panama Canal Authority (ACP), which administers the canal, is looking at building a Liquefied Natural Gas (LNG) import terminal near the Canal. The ACP has been awarded a US Trade and Development Agency grant to help fund a feasibility study for the project, which it is considering for when the expanded canal is opened next year and the waterway is expected to handle considerable liquefied natural gas tankers. A statement from the U.S. Trade and Development Agency says that…
Kuzniecky Inaugurated as Head of Panama Canal Authority Board of Directors
Former Comptroller General Dani Ariel Kuzniecky Barsky officially assumed his new position as chairman of the Panama Canal Authority (ACP) Board of Directors at an inaugural ceremony conducted at the presidential palace last Monday. Among the first duties in his new role, Kuzniecky headed an ACP commission to present the second quarterly expansion report to the National Assembly of Panama. He also presided over the ACP Board of Directors meeting, where the proposal to restructure the Panama Canal's pricing system for the next three years was approved. Following the decision made by the Board, Mr. Kuzniecky submitted the proposal to the Cabinet Council of the Republic of Panama, which later provided final approval on the proposal Wednesday afternoon.
Panama Canal, Port of New Orleans Sign Deal
The renewed alliance between the Panama Canal Authority (ACP) and the Port of New Orleans – which has recently adopted a 2020 growth Master Plan of $1.04 billion, partially driven by the Canal’s expansion – will help spur investment, increase trade and promote the “All-Water-Route” (the route from Asia to the U.S. East and Gulf Coasts via the Panama Canal). During an official ceremony yesterday in Panama, ACP Administrator/CEO Alberto Alemán Zubieta reaffirmed the ACP’s commitment…
Collision Causes Oil Spill Near Panama Canal
Two ships collided on the Atlantic approach to the Panama Canal June 1, spilling an "undetermined" quantity of bunker oil, the waterway's administrators said. The British-registered container ship M/V Sidney Star hit Panama-flagged grain carrier M/V Royal Ocean while approaching the Canal's entrance, sustaining damage to its port side fuel tanks, the Panama Canal Authority (ACP) said. ACP workers staunched the flow of fuel oil, and the two ships were directed to a Canal anchorage at Cristobal for inspection, the authority said. No injuries were reported.
Panama Canal – Request for Formal Accident Investigations
The Panama Canal Authority issued an Advisory reminding masters and owners and operators of vessels transiting the Canal of the procedure to be followed when requesting that a formal investigation be conducted by the Canal Authority Board of Inspectors with regard to a marine accident that has occurred within Panama Canal waters. Such requests must be made in writing and delivered to the Canal Port Captain’s office. Advisory No. A-01-2006 Source: HK Law
Various Ports Instill Security Measures
Security measures have been imposed at ports around the United States. As a result, Masters should therefore be prepared for a more extensive security control of their vessel prior to calling at U.S. ports: PANAMA CANAL: The Panama Canal Authority (PCA) has advised that security has been intensified but the transits remain unchanged. SUEZ CANAL: The Suez Canal Authority (SCA) confirmed on September 12 that Suez Canal movements are normal. Sources: Worms Services, Paris; C. Fernie & Co., S.A., Cristobal
Port Security Tightens
U.S. PORTS: Security measures have been imposed at ports around the United States. Masters should therefore be prepared for a more extensive security control of their vessel prior to calling at US ports. PANAMA CANAL: The Panama Canal Authority (PCA) has advised that security has been intensified but the transits remain unchanged. SUEZ CANAL: The Suez Canal Authority (SCA) confirmed on 12 September that Suez Canal movements are normal. Sources: Worms Services, Paris; C. Fernie & Co., S.A., Cristobal (Source: INTERTANKO News)
Panama Canal Extension Contractors Deny Halting Work
The Spanish building company, Sacyr, leading the expansion project on the Panama Canal has denied that work at the waterway has been halted despite word to the contrary by the Panama Canal Authority (ACP) reports BBC News. The Panama Canal Authority and the building companies involved are engaged in a dispute over who should foot $1.6bn (£1bn) in extra costs. Citing remarks by president of Sacyr, Manuel Manrique, BBC News report that no date had been set for construction work to stop.
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…