Editor’s Comment DPC
PUBLISHER: Jon McGowan
Transforming A
EDITOR-IN-CHIEF: Tony Slinn
Tel: +44 (0)1737 379159 Email: tony.slinn@lrfairplay.com
SUB-EDITORS: Stephen Spark, Margaret Freeth
Email: stephen.spark@lrfairplay.com
Country’s Prospects
Email: margaret.freeth@lrfairplay.com
EDITORIAL ADVISORY BOARD: Nick Bray, Dr. Neville
Burt, John Dobson, Cmdr. Larry Patella and Anna Csiti
ADVERT SALES MANAGER: Daniel Gonçalves
Britain’s Prime Minister Gordon Brown
Tel: +44 (0)1737 379706 Email: daniel.goncalves@lrfairplay.com
and America’s President Barack Obama
DEPUTY ADVERT SALES MANAGER: Barnaby Dobson
have spent thousands of billions bailing
Tel: +44 (0)1737 379714 Email: barnaby.dobson@lrfairplay.com
out assorted floundering banks and
DESIGN: Phil McAllister, Hannah Kidd
major firms – while Panama is spending Matt Ramsdale and Luke Spalding
just $5.25Bn to ensure it remains a
Tel: +44 (0)1737 379165 Email: phil.mcallister@lrfairplay.com
maritime world player PICTURE EDITOR: Kelly Bundy
The Panama Canal Expansion Project will
PRODUCTION: Liz Wall, Sarah Treacy and Ellie Card
give a new definition to the word ‘Panamax’ Tel: +44 (0)1737 379166 Email: liz.wall@lrfairplay.com
– vessels up to 49m wide, 366m long and with
a 15m draught. And they’ll include 12,600teu
The official
box ships and 170,000dwt cargo vessels.
magazine of both
As I write, having just returned from the The Central Dredging
joint CEDA-WEDA-ACP congress in Panama
Association and The Eastern
City, the project was on time and under
Dredging Association
budget – although the toughest challenges
still lie ahead. Confidence in the Panama
Published monthly by
Canal Authority’s (ACP) ability to make it all
LLOYD’S REGISTER–FAIRPLAY LTD
Lombard House, 3 Princess Way, Redhill,
work is evidenced not only by Moody’s A2
Surrey RH1 1UP, United Kingdom
investment rating for the project (higher than
Tel: +44 (0)1737 379000 Fax: +44 (0)1737 379001
the country’s overall A3 rating!), but in the entrance deepening contract, worth
Web: www.lrfairplay.com
$2.3Bn advanced by a consortium of global $177.5M, and Jan De Nul is chartering the
SUBSCRIPTIONS: Michelle Oliver
multilateral finance agencies on what can only backhoe Il Principe for around $10M a year Tel: +44 (0)1737-379708 Email: michelle.oliver@lrfairplay.com
be called terms favourable to the ACP. And to help ACP’s CSD Mindi and dipper Rialto M.
UK £195, overseas £225 / US$430 / €325 (including surface-accelerated
they pledged the cash last December at the Christensen to dredge both Gatún Lake and mailing). Single copies (UK & overseas) £20.00 / US$35.00 / €25.00.
height of credit crunch fears. the Culebra Cut.
Dredging and Port Construction (ISSN 0264-4835) is published monthly
While I was there, the all-important bids for It’s not just the money though. by Lloyd’s Register–Fairplay Ltd and distributed in the US by DSW, 75
the new sets of locks were announced with “When our CSD Vlandeeren XIX sailed
Aberdeen Road, Emigsville, PA 17318-0437. Periodicals postage paid at
three multinational joint ventures spending under the Bridge of the Americas and into
Emigsville PA. POSTMASTER: send address changes to Dredging and Port
Construction, PO Box 437, Emigsville, PA 17318-0437
upwards of $20M each on the tenders alone. the Panama Canal – well, it was a very special
Best guess is that we’ll probably have to wait feeling,” DI’s Central American area manager,
PRINTED BY: Buxton Press Limited
Palace Road, Buxton, Derbyshire SK17 6AE, UK
until July to find out who’s won. At the same Hugo De Vlieger, told me.
time, the Panamanian government is seriously I can understand that: it’s not often that you
© Lloyd’s Register–Fairplay Ltd, 2009
upgrading infrastructure around the country, get a chance to make history.
not least by building new highways to support This month’s photo? Having a week off
DPC Is An Associate Member
of the International
the ‘dry’ transhipment of cargoes. enjoying myself in Panama – full report in the Association of Ports
The ACP also announced specifications for May issue.
and Harbors
the Atlantic entrance dredging contract that
now has every major dredging contractor
burning candles late into the night to
ensure they get it right. A further contract
to deepen the Atlantic outer harbour area is
Lloyd's Register–Fairplay Ltd, its affiliates and subsidiaries and their respective
likely to follow soon.
officers, employees or agents are, individually and collectively, referred to in
this clause as the 'LRF Group'. The LRF Group assumes no responsibility and
Alongside dry excavation of new sections
shall not be liable to any person for any loss, damage or expense caused by
reliance on the information or advice in this document or howsoever provided,
of the canal, ‘proper’ dredging is well under Tony Slinn
unless that person has signed a contract with the relevant LRF Group entity for
the provision of this information or advice and in that case any responsibility
way. Dredging International won the Pacific Editor-in-Chief or liability is exclusively on the terms and conditions set out in that contract.
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2_3_Assoc_comment.indd 3 11/03/2009 13:44:09
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