FOREWORD
Expansion programme advancing
t brings me great pleasure to report that the Panama Canal’s expansion is steadily moving forward, following the pouring of permanent concrete in both the Pacific and Atlantic side locks in July 2011, marking one of the important stages of the locks construction. The works are going well and once the GUPC Consortium in charge of the construction of the future locks began to place concrete, the production is a repetitive effort, which makes us confident that the expansion programme will be concluded on time and within budget. We feel that the expansion
I
programme is advancing satisfactorily on many fronts: dredging, final dry excavations for the access channel, the construction of the locks and the fabrication of the gates that began in Italy and should be ready by end -2012. The construction of a third lane with a set of larger and wider locks allowing the passage of post-Panamax vessels will be a game changer for the global maritime industry and global trade. The expansion of the waterway will bring benefits to our customers by opening new routes and untapped market segments, while it will double the capacity of the Panama Canal. We are indeed poised for growth. Over
PANAMA MARITIME REVIEW 2011/12
The expansion of the waterway will bring benefits to our customers by
opening new routes and untapped market segments, while it will double the capacity of the Panama Canal.
the last 12 months, we have established and renewed partnerships with ports along the US eastern seaboard with the signing of Memorandum of Understanding with ports.
Our country is not an island in the
world. We are part of a world transportation system which has made Panama the transhipment hub for the Americas with ports on both oceans transhipping cargo up and down the east and west coasts of North and South America as well as the Caribbean. The waterway expansion has been and will continue to be a driver for the
establishment of foreign and domestic companies that have seen an opportunity to invest in the many auxiliary sectors of the maritime industry and a proof of this is the development of Panama’s terminals and logistics areas. The Panama Canal Authority (ACP) has
been recognised by the Ethisphere Institute as one of the 2011 World’s Most Ethical Companies and we are truly honoured by this award in recognition of our workforce and the guiding principles to which we are committed. At the very core of these principles is our commitment to transparency, honesty, responsibility to the Panamanian people, our customers and the environment. These principles are our core values and reinforce our will and passion to serve our customers and provide a safe, reliable and efficient service to the shipping and maritime industry. As always, we appreciate our
partnership with Seatrade and the opportunity to keep readers informed, through the pages of the Panama Maritime Review, of the development of the Panama Canal expansion programme as it moves closer to completion.
Alberto Aleman Zubieta Administrator/CEO The Panama Canal Authority
5
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112