Panama Canal Authority

Panama Canal signs agreements to boost sustainability in its basin

The Panama Canal signed four cooperation agreements with the Banesco and Banistmo banks, Manzanillo International Terminal (MIT) and the car sales company Ricardo Pérez S.A., to collaborate in projects of social responsibility.

In this way, the parties will work together with contributions to promote the sustainable development of the Panama Canal basin and its residents. In addition, they will coordinate specific projects for environmental protection, the integral well-being of the people, the culture, the community […]

Forum about the expanded Canal and Chile

Líderes panameños y chilenos de la industria marítima asistieron al foro.

The Chilean Embassy in Panama and the Panama Canal Authority (ACP) developed the Chile-Panama Global Opportunities Forum where the potential of the expansion of the inter-oceanic route for Chilean maritime trade was discussed.

The event was attended by the President of Panama, Juan Carlos Varela, the Canal Administrator, Jorge Luis Quijano, and the Chilean Ambassador to Panama, Francisco Cruz.

It should be noted that Chile is the fourth major user of the Panama Canal – […]

Panama to have a one-stop shop maritime system

The Panama Maritime Authority and the Panama Canal Authority have reached an agreement for the creation of a one-stop shop that aims to streamline the procedures related to maritime trade in the country.

The two entities have signed an institutional cooperation agreement and will begin the procedures to create the Panama One Stop Window (VUMPA for its initials in English).

The aim of the VUMPA will be to streamline maritime transport through the simplification of […]

ACP uses discretionary savings tubs for eco-efficient operation

Represa del Lago Gatún

The availability of potable water in the interoceanic region is the key, not only to meet the water needs of the population and economic activities, but also for the safe, efficient and reliable operation of the Panama Canal.

Due to the effect of climate change on the rainfall regime, the Panama Canal Authority (ACP) introduced the use of water saving tubs in the new locks.

On the first anniversary of the enlarged Canal, ACP administrator […]

Panama Canal Board of Directors Meets Advisory Board

La Junta Directiva del Canal se reunió con la Junta Asesora.

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 […]

Canal expansion fails to revert red numbers

El movimiento de contenedores disminuyó 11.8% en el periodo de enero a octubre del 2016.

The Panama Canal expansion has failed to revert the difficult situation that currently faces the country’s shipping sector. This is evident in the red numbers shown by all economic activities which compose it.

The $5,450 million invested so far in the expansion project, the 77 kilometers of the interoceanic waterway, the two set of locks and the Standard & Poor’s good qualification have not been enough to change the slowdown trend in the activities that […]

ACP rewards green customers

Un barco de GNL cruza el canal.

The Panama Canal Authority has launched a new program that incentivizes its customers to use more energy efficient ships when using the waterway.

The incentive, known as the Environmental Premium Ranking, is tied into a new customer loyalty program of sorts, offering discounted tolls for customers who use the Panama Canal more often. The environmental ranking allows qualified customers to improve their position with the Canal’s Customer Ranking System, which is taken into consideration when […]