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Tuesday, November 20 2018 @ 02:03 PM UTC

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U.S. downturn hits Panama canal trade in 4th qtr

Canal Daily Operation PANAMA CITY, Jan 30, (Reuters) - Trade through the Panama Canal dipped in the last three months of 2007 amid a downturn in the U.S. economy and high oil prices, canal officials said. The tonnage passing through the canal dropped 2 percent to 79.0 million PC/UMS tonnes from 80.6 million PC/UMS tonnes in the same quarter in 2006. PC/UMS is Panama Canal/Universal Measurement System, which gauges the total net volume of the ships. The number of ships transiting the canal was also down in the same period, falling 1.4 percent to 3,518. Canal officials say the figures point to a drop in the volume of manufacturing exports to the United States, in response to slowing consumer demand. "Soaring oil prices and a general economic downturn, including the U.S. housing crisis, the credit crunch and the dollar (weakness) have impacted global production and trade," said Rodolfo Sabonge, vice president for research and market analysis at the Panama Canal Authority, said late on Tuesday. The 94-year-old canal is the principal shipping route between China and the eastern seaboard of the United States. (Reporting by Andrew Beatty; Editing by Walter Bagley)
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Panama Canal Updates Marine Service Fees

Canal Daily Operation PANAMA CITY, Panama, January 25, 2008 – Every day at the Panama Canal, critical services are performed by tugboats, linehandlers and locomotives, securing and guiding vessels into the locks. These and other marine services are somewhat behind-the-scenes but they play an integral role in ensuring that each vessel has a safe, reliable and efficient transit. As the popularity of Panamax vessels has increased, marine services have grown in importance. Since these Panamax vessels are 106 feet wide and the locks are 110 feet wide, state-of-the-art equipment and highly trained personnel are essential to usher these vessels through the waterway. Nearly 50 percent of Canal transits are Panamax vessels. (more)
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Panama Canal Ushers in New Fiscal Year Setting Transit Record

Canal Daily OperationPANAMA CITY, November 15, 2007 – The Panama Canal Authority (ACP) opened the 2008 fiscal year (October 1 – September 30) setting a monthly transit record in October for ships spanning 900 feet or more in length. A total of 164 ships of these dimensions transited the Canal last month, breaking the previous record of 159 ships, achieved in December 2006. Additionally, the daily average for registered ships 900 feet or more in length transiting the Canal in October was 5.29 per day, surpassing the previous record of 5.17 per day, reached in November 2006. (more)
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ACP Announces 2007 Metrics - Total Transits Up

Canal Daily Operation
A Ship in the Locks of the Panama Canal
A Ship in the Locks of the Panama Canal
PANAMA CITY, Panama, October 29, 2007 – The Panama Canal Authority (ACP) announced its operational metrics for the 2007 fiscal year (FY 07) today. Year-end (October – September) statistics reveal a drop in Canal Waters Time (CWT), the average time it takes a vessel to navigate the Canal including waiting time. The numbers show a rise in total annual tonnage, evidenced by the Canal’s record-breaking achievement surpassing the 300 million ton mark. The Panama Canal set another transit record last September by ushering through 25 Panamax ships (the largest vessels able to transit the Canal) in one day. (more)
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Barro Colorado Island - Aerial View

Canal Daily Operation
Barro Colorado Island - Click For Full Sized Image
Barro Colorado Island - Click For Full Sized Image

By DON WINNER for Panama-Guide.com - This aerial view of the world famous Barro Colorado Island. From the web site of the Smithsonian Tropical Research Institute - "Barro Colorado Island (BCI), a 1,500-hectare island, is STRI's primary site for the study of lowland moist tropical forests. Together with five adjacent peninsulas, BCI forms the 5,400-hectare Barro Colorado Nature Monument (BCNM), which is located in the middle of the Panama Canal . Established in April 17, 1923 , BCNM and has been administered by the Smithsonian since 1946. We welcome around 200 scientists from around the world every year. Modern, air-conditioned laboratory space, a cafeteria, and accommodations are available for resident researchers, and the Field Research Station features all the necessary infrastructure: offices, labs, growing houses, an insectary, dark room, computer room, dining hall, conference room, visitor’s center, as well as Internet access, telephones, and boat rental services." This aerial view helps to get a grasp of the size of this huge island.

Copyright 2007 by Don Winner for Panama-Guide.com. Go ahead and use whatever you like as long as you credit the source. Salud.

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Ships collide in northern Greece, one crew missing

Canal Daily Operation ATHENS, Oct 17 (Reuters) - A cargo ship sank after colliding with another vessel near the northern Greek port of Thessaloniki on Wednesday and a crew member was missing, the merchant marine ministry said. "The Panama-flagged motorship Dubai Guardian collided with the Diamond 1 motorship at 1150 (0850GMT) and the latter sank," a ministry official, speaking on condition of anonymity, told Reuters. "One of the crew members is still missing, probably the captain, while all others have been picked up." She said the Diamond 1 was most likely a Greek-registered vessel. It was not yet clear why the ships collided.
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Panama Canal's cargo increases 5 percent in 2007 to 312.6 million tons

Canal Daily OperationIHT.com PANAMA CITY: The Panama Canal moved a record 312.6 million tons of cargo in fiscal year 2007, a 5 percent increase over the year previous, officials said Tuesday. The cargo was carried by 14,721 ships, a 3.7 percent increase over the number of crossings in 2006. The canal closed out its fiscal year on Sept. 30. Officials this month announced that the canal had surpassed its previous cargo record of 293.3 million tons on Sept. 20 but the final tally wasn't released until Tuesday. The Panama Canal Authority estimates that the waterway will earn US$1.7 billion this year, nearly 206 million more than in 2006. On Sept. 3, officials broke ground on a new set of wider locks that will allow wider vessels to move between the Atlantic and Pacific, doubling the 50-mile (80-kilometer) waterway's capacity. The new locks will cost about US$5.25 billion (€3.7 billion) and are expected to be done by 2015.
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Navigating the Northwest Passage

Canal Daily Operation
The Northwest Passage
The Northwest Passage
DAVID LJUNGGREN - Reuters - OTTAWA — While there has been much talk that Arctic trade routes will open up as northern ice melts, shipping companies and experts say using the fabled Northwest Passage through Canada's Arctic archipelago would be too difficult, too dangerous and totally impractical. In theory, the idea is tempting – the passage cuts the distance between Europe and the Far East to just 7,900 nautical miles (14,630 kilometres), from 12,600 nautical miles (23,335 km) through the Panama Canal. Global warming means the summer ice cover in the Arctic is shrinking at such a rapid rate that experts predict the waters could be clear for at least part of the year within a few decades. Yet few predict vessels will steam through the passage in any great numbers. The highly unpredictable nature of Arctic ice, a total lack of infrastructure, narrow channels, relatively shallow waters, increased insurance costs and the unwillingness of firms to take risks are all deterrents. (more)
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Panama Canal moves a record 300 million tons of cargo in fiscal 2007

Canal Daily OperationInternational Herald Tribune" - The Associated Press - PANAMA CITY, Panama: The Panama Canal moved a record 300 million tons of cargo in fiscal year 2007, officials said Tuesday. The record, set Sept. 20, surpassed the previous record of 293.3 million tons moved in the previous fiscal year, which ended on Oct. 1. Officials also registered a 3.7 percent jump in crossings, with 14,721 ships moving through the canal. "This demonstrates the growing demand for our services and the efficient operation of the oceanic waterway," the canal authority said in a news statement. The statistics came weeks after the canal inaugurated its biggest expansion project since it opened 93 years ago. On Sept. 3, officials broke ground on a new set of wider locks that will allow wider vessels to move between the Atlantic and Pacific, doubling the 50-mile (80-kilometer) waterway's capacity. The new locks will cost about US$5.25 billion (€3.7 billion) and are expected to be done by 2015.
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Panama Canal Completes Infrastructure Enhancement

Canal Daily Operation
Electric Locomotive
Electric Locomotive "Mule" of the Panama Canal
PANAMA CITY, Panama, September 24, 2007 – Locomotives play a pivotal role in the operation of the Panama Canal locks. Last week, at a ceremony at Gatun Locks, the Canal marked the completion of its project to replace all of the towing tracks on which the locomotives travel. The Panama Canal's locomotive tow tracks run parallel to each side of the Canal's lock chambers. The tow tracks enable locomotive units or "mules" as they are called, to move alongside transiting vessels, affixed by wire cables, to maintain a ship's position during passage through Canal locks. Replacing the tracks, therefore, will increase the efficiency of transits at the Canal. (more)
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Ice shrinks, Northwest Passage opens up

Canal Daily Operation
The Northwest Passage
The Northwest Passage
PARIS (AP) — Arctic ice has shrunk to the lowest level on record, new satellite images show, raising the possibility that the Northwest Passage that eluded famous explorers will become an open shipping lane. The European Space Agency said nearly 200 satellite photos this month taken together showed an ice-free passage along northern Canada, Alaska and Greenland, and ice retreating to its lowest level since such images were first taken in 1978. The waters are exposing unexplored resources, and vessels could trim thousands of miles from Europe to Asia by bypassing the Panama Canal. The seasonal ebb and flow of ice levels has already opened up a slim summer window for ships. (more)
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Panama Canal Ties Traffic Record

Canal Daily Operation PANAMA CITY, Panama, August 15, 2007 – For the third time in the last 14 months, the Panama Canal tied its record for the total number of daily transits that have an overall length greater than 900 feet. Demonstrating its capability to manage the growing demand for its waterway, the Panama Canal Authority (ACP) announced today that nine vessels with an overall length greater than 900 feet transited the Canal on Tuesday, August 7 – tying the record achieved in May 2006 and matched in April 2007. On average, 39 vessels transit the waterway each day and, of those, usually five vessels are greater than 900 feet. “Setting this record for the third time is evidence of the ACP’s hard work and dedication. Everyday, as demand continues to grow, we are increasing the efficiency and reliability of the waterway,” said ACP Vice President of Operations Manuel Benitez. “We are proud of this accomplishment and will continue to build upon our successes to provide the best service to our customers – which is our top priority.” (more)
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Maersk dropping Jamaica hub

Canal Daily Operation By Julian Richardson for The Jamaica Observer - Just under two years after Jamaica and Maersk signed a five-year contract to use the Kingston Container Terminal as a regional trans-shipment hub, the Danish shipping line says it will drop direct calls to Jamaica, starting in October. The move is part of a reduction Maersk will implement on its weekly AC1 loop connecting ports in Japan, China and Korea with the Caribbean and Mexico. Under the new arrangement, Maersk will also drop direct calls to Manzanillo in Panama. "Maersk said the AC1 service will connect to the Caribbean markets from its continuing call at its Balboa, Panama, feeder hub," said a news story on the American Shipper website. "The change will allow the Danish line to reduce the number of vessels on the service from eight to seven." (more)
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Panama Canal Turns 93 - Efficient, Safe, and Reliable

Canal Daily Operation PANAMA CITY, Panama, August 14, 2007 – A tremendous engineering achievement that has connected the maritime world for nearly a century, the Panama Canal is only improving with age. Ninety-three years after its grand opening in 1914, the Panama Canal will mark its anniversary tomorrow by celebrating the successful start of its historic Expansion Program. Nearly a year after Panamanians overwhelmingly approved a national referendum to expand the waterway, the Panama Canal Authority (ACP) has set the project in motion. It awarded the first expansion-related construction contract, the first of five dry excavation projects that will create the new Pacific Locks access channel. This new channel will link a new, third set of locks on the Pacific end of the Canal with the existing Gaillard Cut (the narrowest stretch in the Panama Canal). Recently, the ACP assembled an experienced internal team to manage this historic undertaking, hired legal and financial advisors, and released other preliminary tenders. It has also presented the Canal's Expansion Program to international financial institutions, as it begins to weigh financing alternatives for the project. (more)
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Ship Miltiades Being Repaired in Balboa After Accident

Canal Daily OperationBy Jorge Fernández for La Prensa - The Jamacian flagged bulk cargo vessel Miltiades, which collided with the ship White Mist on 24 July as it was passing through the Panama Canal near Gamboa, is being repaired in the Braswell Shipyards. The repairs will take about 30 days to complete at a cost of $1.5 million dollars, and is being done by some 200 workers, 150 welders and 50 painters.
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Cargo vessels collide in Panama Canal

Canal Daily Operation (Xinhua) Two cargo vessels collided in the Panama Canal, causing no casualties or economic losses, Panama Canal's administration confirmed Wednesday. The two vessels, "White Mist" from Panama and "Miltiades" from Jamaica, crashed head-on early Tuesday in the region of Gamboa on the Panama Canal. Bows of the vessels were slightly destroyed after the accident occurred when the Panama boat entered the canal from the Atlantic Ocean and the Jamaican boat was sailing from the Pacific Ocean. There were no casualties or economic losses as a result of the accident, and workers have already started to repair the vessels, according to the administration, which will further investigate the accident.
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Major Accident on the Panama Canal

Canal Daily Operation By DON WINNER for Panama-Guide.com - Last night at approximately 12:15 am (shortly after midnight in the early morning hours of 24 July 2007) two vessels collided head-on in the fog near Gamboa while transiting the Panama Canal. The bulk carrier White Mist (IMO 7821506) collided with the bulker Miltiades (IMO 8208323) south of canal marker 101, in the curve heading into the Cuebra Cut. Both of the canal pilots responsible for navigating the vessels through the Panama Canal were "step H," meaning they are very experienced and fully rated. The accident occurred in a thick fog in very poor visibility conditions. The two vessels hit head-on and actually became "welded" or stuck together. They were towed back to the moorings in Gamboa where they were separated. The White Mist was taking on some water but is not in danger of sinking. Damage to both vessels was considerable but no one was injured in this accident.
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Sepura extends contract with Panama Canal Authority

Canal Daily Operation Panama Canal Authority (ACP) has again selected Sepura SRH3500 sGPS(tm) hand-held TETRA radios for one of the world's busiest commercial waterways. After an initial order a year ago and with the network coverage infrastructure now fully in place, the contract was won in a public tender together with Datatel, Sepura's partner in Panama. Datatel will supply nearly 600 Sepura SRH3500 sGPS(tm) hand-held radios and accompanying accessories and training, together with over 120 SRM3500 mobiles. The order also includes Sepura's Radio Manager that automatically configures the radios and significantly reduces the logistical challenge of maintaining a fleet of TETRA radios. "ACP selected this solution in a public tender which Sepura won due to its technical excellence and competitive prices. This latest win builds on the earlier success that Sepura has had at ACP and demonstrates Sepura's commitment to building long-term business relationships in the Americas," commented Marco Gateo, Datatel's President. The 80km long canal provides a unique service to world commerce and shipping, and cuts through rugged terrain that presented huge challenges for both Sepura and Datatel and the infrastructure provider in rolling out the communications network. This will play a vital role supporting the continual improvement of the canal as well as the forthcoming project to widen the waterway to cater for a new generation of giant container ships. Tim Mills, Sepura's Regional Director for Latin America, added: "This second order is another example of the growth of Sepura in central America, and it also a further illustration of a successful partnership with our distributor Datatel playing a pivotal role to secure the contract."
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Knight & Carver Aligns with MatchShip in Panama

Canal Daily Operation NATIONAL CITY, CA — Knight & Carver has aligned with MatchShip, the leading vessel passage firm in the Panama Canal. Founded in 1996 by David Manrique, a former yacht captain and chief engineer for ocean-going yachts and commercial vessels, MatchShip helps yachts successfully traverse the canal by handling all necessary forms, documents and procedures. “MatchShip has proven to be the premier firm in its field and we’re proud to align our services with theirs,” said Sampson A. Brown, President/CEO of Knight & Carver YachtCenter. “As a West Coast operation, we’re very aware of the potential difficulities posed for yachts making the passage from the East Coast down through the Panama Canal, as well as the other way around.” Brown added that Knight & Carver will recommend MatchShip to its yacht-repair and refit clients that plan to make the Panama Canal passage. “We are very impressed with MatchShip’s professional, security-conscious and hands-on approach with its clients,” said Brown. “This relationship ensures that our high-end clients traveling through the Panama Canal will be treated with the full spectrum of care, vigilance and professionalism as they make passage both to and from our West Coast facility. Teaming with MatchShip represents yet another way that we continue to provide the finest in complete yacht services for our repair/refit clients.” MatchShip has fully staffed offices in Panama, Venezuela and Spain. With the complexities of crossing through the canal, MatchShip provides the kind of 24/7 professionalism that yacht captains have come to rely on — at both ends of the canal. The Panama Canal was first completed in 1914 across the 48-mile isthmus that divides the Atlantic and Pacific oceans. Some 14,000 vessels make the passage annually.
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Superferry passes through Panama Canal

Canal Daily Operation Pacific Business News (Honolulu) - The Alakai, Hawaii Superferry's first of two vessels for the Hawaiian Islands, traveled through the Panama Canal Monday night en route to Hawaii. Company officials say the ship is expected to arrive in early July. The Alakai reached Cristobal, Panama, from the shipyard in Mobile, Ala., in less than three days, covering an average of 450 miles per day. The passage through the Panama Canal took eight hours. The Superferry's next stop is the Los Angeles area, to refuel and prepare for the last leg of the voyage. Twelve officers and crew members, seven of them Hawaii residents, are manning the ship. Seven other passengers are on board, including a cook. Superferry is expected to begin service between Oahu, Maui and Kauai later this summer.
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Time-Lapse Video of Cruise Ship Making Canal Transit

Canal Daily OperationHave you seen this?



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ACP Releases Second Quarter 2007 Metrics

Canal Daily Operation PANAMA CITY, Panama, June 11, 2007 - The Panama Canal Authority (ACP) released second quarter (Q2) operational metrics today for fiscal year 2007. In Q2, there was an increase in net tonnage, total transits and booking slot utilization. There was also an increase in official accidents. Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal including waiting time for passage, decreased. These metrics are based on operations from January through March of 2007, the second quarter of the ACP's 2007 fiscal year, and compared to Q2 of fiscal year 2006. Panama Canal/Universal Measurement System (PC/UMS) tonnage increased 6.30 percent - to 79.7 million PC/UMS tons from 75 million PC/UMS tons. The steady climb in tonnage was complemented by an increase in traffic, including transits of Panamax vessels (the largest vessel that can transit the Canal). Total Canal transits increased 4.7 percent - to 4,052 transits from 3,869. Transits of Panamax vessels increased 3.90 percent - to 1,559 transits from 1,501. (more)
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Panama Acts to Remain Freightage Leader

Canal Daily OperationPanama, May 16 (Prensa Latina) Panama is trying to improve its national freightage system to prevent desertion by registered clients, accounting for 26 percent of world tonnage. Deputy Foreign Minister Ricardo Duran has submitted a bill to the National Assembly guaranteeing human security at sea through a certification and license system for cargo liners. Such legislation will ease inconveniences, such as requiring clients to enter a dyke to undergo mandatory basic inspections, explained Duran. Several ship owners, particularly the Japanese, threatened to revoke their contracts with Panama due to service problems.
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Boskalis extends container port Panama Canal entrance

Canal Daily Operation Infrasite.nl - Papendrecht, The Netherlands - Dredging company Royal Boskalis Westminster nv hereby announces that it has won a major contract for the extension of the container port of Balboa, Panama, at the Pacific mouth of the Panama Canal. The work will be done in approximately 15 months from May 2007 on. The contract is worth approximately € 50 million. The project will be executed for Panama Ports Company S.A., a member of the Hutchison Port Holding Group of Hong Kong. The work includes the construction of additional port area, a retaining rock dike and a link structure to the existing berths 16 and 17. Boskalis will deploy its American trailing suction hopper ‘Stuyvesant’, a large backhoe and a few transport barges for this job. The civil works will be executed by the Panamanian partner Intercoastal Marine Inc. This project relates to the growing container transport through the Panama Canal, that will be deepened and expanded with additional sets of “Post-Panamax-Locks” in the coming years. Main drivers of the container transport market are the growth of the global economy and international trade volumes. Royal Boskalis Westminster nv is an international group with a leading position in the world market for dredging services. Its core activities are the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. The company holds important home market positions in and outside of Europe and targets all market segments in the dredging industry. It also has positions in strategic partnerships in the Middle East (Archirodon) and in offshore services (Lamnalco). Boskalis has a versatile fleet of over 300 units and operates in over 50 countries across five continents. Including its share in partnerships, Boskalis has approximately 8,000 employees.
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ACP CEO Alberto Alemán Zubieta Honored by Maritime Association in New York

Canal Daily Operation PANAMA CITY, Panama, May 10, 2007 - Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta was honored last night at the 14th Annual International Maritime Hall of Fame awards, held at the United Nations in New York City. Mr. Alemán joins the ranks of prominent members of the international maritime community honored for excellence and significant contributions to the industry. The International Maritime Hall of Fame was founded in 1993 by the Maritime Association of the Port of New York & New Jersey to recognize maritime visionaries who, through excellence in their company, organization or services, best exemplify the qualities of futuristic thinking that guide the maritime industry in the 21st Century. In commemoration of the evening, Kevin Corbett, vice president of DMJM Harris, presented Mr. Alemán with an engraved "Mariner's Lookout Award" statue and an engraved medallion. Five other international leaders from the industry were also honored at the ceremony, including: J. Robert Bray, executive director emeritus, Virginia Port Authority; Angus R. Cooper, II, chairman and CEO, Cooper/T. Smith Corporation; Nikolaos Efthymiou, president, Union of Greek Shipowners; Captain James J. McNamara, president, National Cargo Bureau, Inc.; and Jung Won "J.W." Park, president and CEO, Hanjin Shipping Co., Ltd. (more)
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Port Conference to discuss on Panama Canal

Canal Daily Operation By Cowan Thant Zin for Portworld.com - The 25th International Association of Ports and Harbors (IAPH) World Ports Conference has opened in the US port of Houston. It is expected to focus on the Panama Canal, security and the environment. The Port of Houston Authority (PHA) is the host of the week long event. Organisers say it provides a forum for leaders in the maritime industry to exchange ideas, discuss challenges and exhibit state-of-the-art technologies. Argentina James, director of public affairs for the Port of Houston Authority and assistant vice president of the conference, said delegates were eager to discuss a planned expansion of the Panama Canal. “It is going to have a global impact. That is why they are spending a whole morning on how this project will impact global trade,” said James. The Panama Canal Authority is changing its pricing system as part of the expansion. Tolls are set to increase in 2008 and 2009. Alberto Alemán Zubieta, administrator and chief executive of the Panama Canal Authority, is scheduled to speak. He has already said the new tolls represent the value of the services provided. Port security and environmental issues are also high on the conference's agenda. US Transportation Department Secretary Mary E Peters and US Commerce Department Secretary Carlos Gutierrez will be among those addressing the delegates. | Tue May 1 05:49:0 GMT 2007
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Dani Kuzniecky Takes Over as Head of Panama Canal Board of Directors

Canal Daily Operation PANAMA CITY, Panama, April 26, 2007 - 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. At the inauguration, Mr. Kuzniecky, who will concurrently hold the rank of Minister for Canal Affairs, stated that "one of my commitments will be to preserve the pride and international prestige that Panama has gained as a result of the ACP's management of the waterway." Panamanian President Martín Torrijos Espino had previously expressed that Mr. Kuzniecky's appointment is significant since "the Canal expansion is the most important project for this government and the country." Among the first duties in his new role, Mr. 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. (more)
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Cabinet Council of Panama Approves Panama Canal Toll Increase

Canal Daily Operation PANAMA CITY, Panama, April 26, 2007 – Following a recommendation from the Board of Directors of the Panama Canal Authority (ACP), the Cabinet Council of the Republic of Panama yesterday approved the proposal to restructure the Panama Canal’s pricing system and certain regulations. On February 2, 2007, the ACP announced its desire to move toward a charge that moves closer to the commercial value of the service and route. After a more than 30-day public consultation period, in which a total of 21 written submissions were received, the ACP conducted a hearing on March 14 where a total of 14 representatives from shipping and government expressed their views. On April 5, in response to industry requests, the proposal was slightly modified: implementation of the new charges, for certain segments, was postponed from May 2007 to July 1, 2007. These segments include: general cargo, dry bulk, tankers and vehicle carriers. Due to this modification, the issue was reopened for public comment for a 15-day period. A total of 10 written submissions, in both English and Spanish, were received by the ACP from various individuals and groups. (more)
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Panama delays Canal toll hike

Canal Daily Operation marinelog.com The Board of Directors of the Panama Canal Authority (ACP) announced today that it has published its proposal to restructure the Panama Canal's pricing system and certain regulations. On February 2, 2007, the ACP announced its desire to move toward a charge that reflects the commercial value of the service and route. After a 30-day public consultation period, the ACP conducted a hearing on March 14. The proposal announced today has been slightly modified from the February proposal: At the request of the industry, implementation of the new charges has been postponed from May 2007 to July 2007. Due to this modification, the ACP today is reopening the issue for public comment and will consider additional input, suggestions and feedback from interested parties over the next 15 days. After receiving comments and feedback from the maritime and shipping industry during its official consultation period, the ACP responded to industry requests by changing the proposal and postponing implementation of the new pricing. Moreover, with this proposal, the ACP is providing its customers with guaranteed pricing to 2009 -- something no one else in the industry does. (more)
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