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 […]

Quijano makes Lloyd’s 2016 list of most powerfulmen in the maritime world

Jorge Luis Quijano.

The administrator of the Panama Canal Authority (ACP) Jorge L. Quijano, was chosen by Containerisation International (CI) a subsidiary of Lloyd’s List, among the “25 personalities, families and companies” who are a key in the transport of containerized cargo in 2016.

Considering Quijano a “true veteran” in the industry for having spent most of his adult life working for the Panama Canal, CI believes that this experience was crucial for him to overcome all obstacles […]

Judges give green light to Corozal

Panama’s Supreme Court has thrown out a motion put forward by Panama Ports Company (PPC) that the tender for the Port of Corozal infringes guarantees set out in the country’s constitution.

The decision, which was taken by nine judges, clears the way for the Panama Canal Authority (ACP) to continue with its tender for the construction of what will be a new container port with a 5.3m teus capacity.

Corozal port forms part of the […]

Shipping industry supports Corozal

Ubicación planeada para el Puerto de Corozal

By Franklin Castrellón

“The arguments against the development of the Port of Corozal by the Panama Canal Authority (ACP) that Panama Ports Co. (PPC), the company that operates the ports of Balboa and Cristobal, lawyers and citizens who identify themselves as “residents” of the Diablo, have brandished, do not have enough valid arguments before the reality that the terminal is an essential piece in the transformation of Panama into a regional logistics hub and the […]

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 […]

ACP Board authorizes go-ahead for Port of Corozal

The Board of Directors of the Panama Canal Authority (ACP) approved the statement of requirements and authorized management to continue with the approval process prior to calling the tender for the concession of the port of Corozal with the shortlisted companies.

The ACP announced that the statement of requirements will be published in ten days.

The ACP announced in March this year that four out of seven of the largest port operators in the world […]

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 […]