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Panama Canal Website Earns Award

Maritime Activity Reports, Inc.

October 9, 2003

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. The Canal Web site provides detailed and up-to-date information about the operations and administration of the Panama Canal, in both Spanish and English. A vital resource to shippers, the Web site offers weather reports, maritime advisories and information on procedures to transit the Canal, allowing companies and the shipping industry worldwide to efficiently plan their trips through the Canal. To the public and the media, the Web site is an invaluable educational tool with unique information, including: historical documents and photos of the Canal, live shots of ships transiting the Canal, official documents and news on the maritime industry. "The ACP is thrilled to be recognized by voters in the Golden @ Contest; we are committed to providing a practical, informative and creative Web site. Pancanal.com is an essential tool for the maritime industry, serving as a gateway to information for our customers worldwide to help them with their transportation and logistical needs," said Information Technology Director of the ACP, Francisco Loaiza. Loaiza continued, "In addition, people all over the world, including those who supported us in this competition, access the site on a daily basis to receive information and learn about the Canal. We take pride in our ability to communicate over the Internet the great things that are happening at the Canal." Announced August 21, 2003, the Golden @ Contest awards more than $70,000 to the best public Web sites that target a Central American market or that offer products and services to a Central American country. The second annual contest was open to corporations, administrators of Central American countries, Web designers and novices. For consideration, the Web site was required to have been launched by June 3, 2002, and must still be operating. The ACP Web site was previously recognized on May 30, 2003, with the 2003 Golden @ in Panama in the "Government and Associations" and "Best Projection in Panama" categories. About the Panama Canal Authority The Panama Canal Authority is the autonomous agency of the Government of Panama in charge of managing, operating, and maintaining the Panama Canal. The operation of the Panama Canal Authority is based on its organic law and the regulations approved by its Board of Directors. For more information, please refer to the Panama Canal Authority's Web site: www.pancanal.com. The Authority's responsibility to the Panamanian people is paramount. The Canal belongs to the people and benefits from the Canal should accrue to as many Panamanians as possible. The Authority will plan its future so that it will continually contribute to the economic development and welfare of the citizens of Panama. For nearly 90 years, the Panama Canal has served as the global gateway - a pathway for the shipment of major world commodities. Since the end of 1999, the ACP assumed the responsibility for the management, operation and modernization of the Canal as well as the protection and conservation of its watershed. In the past four years, the ACP has made significant strides - shifting to a market-oriented business model focused on customer service and reliability, making major capital investments for new and modern equipment and machinery, increasing safety and operational efficiency for customers, decreasing the time it takes ships to travel through the Canal and widening and deepening sections of the waterway. An important transportation link, the Canal services more than 140 different transportation routes from every corner - it is where major trading routes of the world connect and intersect providing safe, reliable and secure passage for all vessels.

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