Panama Canal Authority

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 […]

Panama Canal Records Third-Highest Annual Cargo Tonnage

The Cosco Shipping, the first ship to cross the third set of lock.

At the close of the 2016 fiscal year (FY16), the Panama Canal Authority (ACP) recorded the third-highest annual tonnage in its history, handling 330.7 million Panama Canal tons (PC/UMS).

A total of 13,114 vessels transited the Panama Canal during the fiscal period from October 1, 2015 to September 30, 2016. Of these, 238 were Neopanamax vessels that took advantage of the newly opened Expanded Canal during the first three months of its operation, accounting for […]

Four new ACP mega projects

La ACP quiere construir una terminal para buques de gas natural licuado.

By: Franklin Castrellón

The Panama Canal Authority (ACP) has announced the development of four mega projects in addition to the Port of Corozal. According to its administrator, Jorge L. Quijano, it will add value to the Panamanian route and boost the development of the country as a global logistics hub. The plan is to create a logistics park, a terminal for liquid natural gas (LNG) ships, another port for car carrier vessels and a photovoltaic […]

Fitch rates Panama Canal with an “A”

The Fitch rating agency confirmed an “A” rating for the Panama Canal Authority (ACP) reflecting a solid revenue profile and low leverage.

Fitch Ratings notes that the Panama Canal provides a unique connectivity and time savings for world maritime trade.

The rating agency believes that the rating outlook is stable, given the strength of the Panama Canal in the economic recession and its strong competitive position, supported by income resulting from the opening of the […]

In first month enlarged Canal earns $20 million

The administrator of the Panama Canal, Jorge Luis Quijano, said that expectations are being met at this point of navigation, noting that there is good receptivity by shipping lines after opening of the new locks with the capacity to receive larger vessels.

The transit of 55 vessels and income of $20 million is the balance after one month of operation of the expanded Canal, the administrator said.

He considered that expectations are met at this […]