A delegation of the Panama Canal Authority (ACP), including members of its Board of Directors and administration, met in Shanghai, China, on March 28 and 29 for its annual joint meeting with the ACP Advisory Board.
Since 2000, the Advisory Board meets once or twice a year, alternately in Panama or in a city linked to the maritime industry. This occasionally coincides with the place of residence of Advisory Board members, who offer their insights and experience ad honorem.
This will mark the second joint meeting following the inauguration of the Expanded Panama Canal in June 2016. The first meeting was held on June 27–28, 2016 in Panama.
The Canal Advisory Board is an entity that was formally established in the Organic Law of 1997 to serve as a consultative body for the Canal. The Board provides guidance and recommendations to the Board of Directors and the Canal Administration.
The Advisory Board is composed of distinguished professionals and experts with broad experience in the business world and the Panama Canal in particular. Their expertise integrates knowledge of the world’s transportation, trade, business, telecommunications, construction and development, academia and the banking sector.
As part of the agenda, the Advisory Board will analyze the Canal’s performance after the opening of the Expansion and its impact on world maritime trade, as well as review future strategic projects.
During this trip, the ACP Board of Directors will also meet with COSCO Shipping Lines President Xu Lirong and his staff to discuss important issues in the maritime industry and the service the Panama Canal provides. This company was created by the merger of China’s two largest shipping lines—COSCO and China Shipping Container Lines—at the end of 2015, and it ranks fifth in the list of Panama Canal customers.