Panama Canal Authority

ACP seeks to improve Pacific access

El Puerto de Balboa se beneficiaría con esta medida.

Since May 9 the Panama Canal Authority (ACP) has implemented new navigation rules for access to the Pacific Ocean, allowing ships to pass in opposite directions in daylight.

This measure helps alleviate the impact of this restriction on the ports of Balboa (Hutchinson PPC) and PSA Panama, both located at the Pacific entrance of the waterway.

To date nine vessel passes have been carried out in […]

Ricaurte Vásquez appointed next Canal administrator

The Board of Directors of the Panama Canal Authority (ACP) appointed Ricaurte Vásquez as the new administrator of the waterway, starting from September 4, in replacement of engineer Jorge Luis Quijano, who will complete his term of seven years established in the law.

Ricaurte Vásquez has more than 30 years of experience in financial management, international capital markets, financial consulting and in the public sector. He was minister for […]

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 […]

Canal offers incentives to Neopanamax on return journey south

The Neopanamax ships will receive incentives, if they use the Panama Canal on its return trip.

By Franklin Castrellón

The Panama Canal Authority (ACP) has formulated a proposal to modify the toll system which, on the one hand, provides incentives to Neopanamax vessels on their partially empty return voyage to the South Pacific. On the other hand, the ACP reassigns the container/loose cargo vessels from its classification in the “other” segment to the general cargo segment, which will generate savings for these types of vessels for using the Panamanian route. The […]

ACP and UP Agreement to raise debate on Canal

El administrador de la Autoridad del Canal, Jorge Quijano, y el rector de la Universidad de Panamá, Eduardo Flores Castro, firman el convenio de cooperación, ante la presencia del director del Instituto del Canal, Luis Navas P. (izquierda), y otros altos funcionarios de la UP.

A broad cooperation agreement signed between the Panama Canal Authority (ACP) and the Panama University (UP) will raise to the academic level the debate on the role of the Canal in world trade and as a driving force for the country’s economic and social development , Luis Navas P., director of the university’s Canal Institute (ICUP) told The Bulletin after the signing on June 2, 2017.

The agreement was signed in the rectory of the […]

ACP to adjusts tender terms of Corozal

¿Una segunda oportunidad para el Puerto de Corozal?

Por Franklin Castrellón  With authorization of the Board of Directors, the administration of the Panama Canal Authority (ACP) will make an assessment of the terms originally proposed for the concessionaire of the construction and development of the container port of Corozal West, at the Pacific entrance of the Canal.

The Panama Chamber of Shipping (CMP) through its president, Rommel Troetsch, had made some observations that, according to the report, the administrator of the ACP, Jorge […]