Author Topic: PANAMA CANAL NEWS  (Read 42920 times)

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Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #90 on: March 27, 2013, 12:43:42 PM »
Canal introduces first all-electric car...........C.C.13


The Panama Canal Authority (ACP) has put its first all-electric car, into service in order to promote the best environmental practices in its operations.

The ACP became the first company in the country which has in its fleet a vehicle without combustion and thus no emissions of greenhouse gases.
 
"As environmental strategy ACP promotes the integrated management of water resources to ensure its availability in quantity and quality, while ensuring the confidence of the national and international community in a continuous and efficient operation," said the organization.
 "The world we live in will not be the same in the coming years. Each generation has to assume its role and responsibility on climate change now, while there is still time," said ACP Administrator Jorge Quijano.
 He added that the waterway’s role in corporate leadership in sustainable development is be more than economic growth with environmental concerns because it "consists of a set of concrete actions to promote a production and consumption style to facilitate a dialogue with nature."
 He pointed out that the power that moves the Panama Canal is self-generated and comes from hydro and thermal for consumption, and sale of surplus.



Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #91 on: March 27, 2013, 12:46:24 PM »
Canal expansion completion set for April 2015 .   C.C.13

Tuesday, 26 March 2013 23:41

The expansion of the Panama Canal will be completed in April of 2015 and will be operational by Mid-year 2015.

 This dry season has allowed a breakthrough in the work and the administrator of the Panama Canal Authority, Jorge Quijano, said Tuesday, March 16, that the contractor responsible for the expansion of the waterway indicated that the new locks on the Atlantic side could be finished in December 2014.
 "We are confident that if we continue with this pace the project can be finished in April of 2015," meaning the expansion will be operational by August of the same year, said Quianjo.
 He added that the work so far has advanced 53 percent, and that the dredging has largely been completed. The entries to the expansion are also largely finished.
 The expansion will cost $5.25 billion and will allow larger Post Panamax ships to use the Canal

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #92 on: April 09, 2013, 07:08:32 AM »
3,000 canal expansion workers on strike............C.C.13
Monday, 08 April 2013 22:14   

SOME 3,000 workers on the expansion of the Panama Canal  walked off the job on Monday April 8, for non-payment of  the 13th month bonus by contractor Grupo Unidos por el Canal (GUPC).

The strike has the support of construction workers union Suntracs.

Andy Rey, who works as a mason, reported that the company has also failed to pay social security. He was also critical of the fact that the contractor has paid bonuses to foreign workers but not to Panamanians.

Suntracs leader David Niño said that GUPC has not made any attempt to meet with the workers. The contractor declined to comment about the situation.

Phil

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Re: PANAMA CANAL NEWS
« Reply #93 on: April 09, 2013, 09:54:12 AM »
Canal expansion completion set for April 2015 .   C.C.13

Tuesday, 26 March 2013 23:41

The expansion of the Panama Canal will be completed in April of 2015 and will be operational by Mid-year 2015.

 This dry season has allowed a breakthrough in the work and the administrator of the Panama Canal Authority, Jorge Quijano, said Tuesday, March 16, that the contractor responsible for the expansion of the waterway indicated that the new locks on the Atlantic side could be finished in December 2014.
 "We are confident that if we continue with this pace the project can be finished in April of 2015," meaning the expansion will be operational by August of the same year, said Quianjo.
 He added that the work so far has advanced 53 percent, and that the dredging has largely been completed. The entries to the expansion are also largely finished.
 The expansion will cost $5.25 billion and will allow larger Post Panamax ships to use the Canal


So much for the original plan of trying to be open for the 100th anniversary of the Panama Canal.

The big problem with the delays the cruise lines need over a years lead time before they can use the new canal with larger ships.

Phil

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Re: PANAMA CANAL NEWS
« Reply #94 on: May 03, 2013, 08:58:59 AM »
Projected Canal traffic down 8 million tonnes ............C.C.13
TRAFFIC through The Panama Canal in the current fiscal year is expected to decline by 8 million tonnes from the projected 330 million, but the canal authority still expects to deliver $960 million to the State.

The news was delivered by Canal Administrator Jorge Quijanoo at a  press conference. on Thursday May 2. The fiscal year runs from October 1, 2012 to September 30, 2013, and the decline represents 2.4%.
Quijanoo said the decrease, is primarily due to the drought that has affected the United States, which has increased the grain trade from Brazil, which does not have to use the Canal, to reach the U.S.
 He also referred to the recent decision of the Danish container shipping company Maersk to use the Suez Canal with larger vessels stopping at the Spanish port of Algeciras en route from East Asia to the East Coast of the United States.
 "It's something we said was going to happen, so that we had to have an updated canal with a lock that could handle post-Panamax vessels" or lose customers, he said.
 Despite this, the administrator said he expects Canal revenue to remain "within budget" and not suffer a loss thanks to the additional $32 million from its power generation business.
 Because of the current drought, Panama’s hydroelectric generation has decreased, so the Government has asked the Canal to increase its production to avoid domestic shortages This year they expect to generate 604 gigawatt hours.
 Regarding the restructuring of tariffs for 2015 when the new Canal lane is operating, Quijano said they are talking with customers from different segments of the shipping industry including container ships, vehicle carriers, bulk carriers, etc.

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #95 on: June 07, 2013, 06:59:51 AM »
China gets Nicaragua concession to build bigger canal .................C.C.13

What could be devastating news for the future of Panama's economy and the canal  appeared in a Guardian report on Thursday, June 6.

Nicaragua has awarded a Chinese company a 100-year concession to build an alternative to the Panama Canal, in a step that looks set to have profound geopolitical ramifications.

The Guardian  reports that  president of the country's national assembly, Rene Nuñez, announced the $40bn (£26bn) project, which will reinforce Beijing's growing influence on global trade and weaken US dominance over the key shipping route between the Pacific and Atlantic oceans.

The name of the company and other details have yet to be released, but the opposition congressman Luis Callejas said the government planned to grant a 100-year lease to the Chinese operator.

The national assembly will debate two bills on the project, including an outline for an environmental impact assessment.

Nicaragua's president, Daniel Ortega, said recently that the new channel would be built in the north of the country, through the waters of Lake Nicaragua.

The new route will be a higher-capacity alternative to the 99-year-old Panama Canal, which is currently being widened at the cost of $5.2bn.

Last year, the Nicaraguan government noted that the new canal should be able to allow passage for mega-container ships with a dead weight of up to 250,000 tonnes. This is more than double the size of the vessels that will be able to pass through the Panama Canal after its expansion, it said.

According to a bill submitted to congress last year, Nicaragua's canal will be 22 metres deep, 20 metres wide and 286 km (178 miles) long - bigger than Panama and Suez in all dimensions.

Under the initial plans for the project, the government was expected to be the majority shareholder, with construction taking 10 years and the first ship passing through the canal within six years. It is unclear if this is still the case.

Two former Colombian officials recently accused China of influencing the international court of justice to secure the territorial waters that Nicaragua needs for the project.

In an op-ed piece for the magazine Semana, Noemí Sanín, a former Colombian foreign secretary, and Miguel Ceballos, a former vice-minister of justice, said a Chinese judge had settled in Nicaragua's favour on a 13-year-old dispute over 75,000 square kilometres of sea.

They said this took place soon after Nicaraguan officials signed a memorandum of understanding last September with Wang Jing, the chairman of Xinwei Telecom and president of the newly established Hong Kong firm HK Nicaragua Canal Development Investment Company, to build and operate the canal.

Nicaragua has accused Colombia and Costa Rica, which also has a claim on territory likely to be used by the new canal, of trying to prevent the project going ahead.

http://www.newsroompanama.com/business/5853-china-gets-nicaragua-conession-to-build-bigger-canal.html

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #96 on: June 15, 2013, 05:18:58 AM »
Nicaraguan Canal gets government OK...... C.C.13


The Nicaraguan Parliament has approved  two laws that allow a Chinese company to build a complementary channel to the Panama Canal, and manage it for a period of 50 years extendable up to 100.
 Spokesmen for a Chinese consortium that will build the canal denied Friday, June 14, that President Daniel Ortega holds shares in the mega projectcosting $40 billion, as suggested by opposition sectors says the DPA news agency.
 Ortega signed on FridayJune 14 the "framework agreement" to build the channel with Chinese lawyer Wang Ji, president of the company HK Nicaragua Canal Development Investment Company (HKND Group), which was awarded the project without competitive bidding.
 In an interview to TV channel 15 in Managua, HKND Group spokesman, Ronald Maclean, denied that Ortega is participating as a partner of the multi billion project, and said that the sole shareholder of the ambitious project is Wang
 He also announced that the feasibility study will last from one to two years. "Until then we cannot confirm anything," he added, but relied on the success of the huge investment.
 "He (Wang) is willing to put a lot of money and take all the risk of this investigation (...) Now we're all on the same plane, and if Mr. Wang Jing goes wrong, it will go wrong for Nicaragua, to the opposition, the government and everyone, "said Maclean.
 The weak and divided opposition described the award as "unconstitutional, fraudulent and harmful to the interests of Nicaragua" and accused President Daniel Ortega tof "selling national sovereignty". Entrepreneurs and environmentalists, meanwhile, argue that their views were not taken into account.
 This Friday, the Staff of the Superior Council of Private Enterprise (Cosep) announced that it will initiate a constitutional complaint against both laws, arguing that violate provisions of the Constitution relating to the property.
The project, includes a gigantic wet channel, a railroad, two ports an airport and a pipeline that would be constructed within a period of five to ten years.

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #97 on: July 05, 2013, 07:17:55 AM »
THE SHIPMENT of the first four gates for the third set of locks for the Panama Canal has begun in Italy. They are expected to arrive  by the end of August.

Grupo Unidos por el Canal (GUPCSA) (contractor for the design and construction of the locks, made the announcement in a press release on Thursday July 4.

Boarding operations began at the premises,of Cimolai SpA, in San Giorgio de .Nogaro from where the gates will move to the port of Trieste They are expected to set sail for Panama in late July.
 Each gate will be shipped and transported in individual barges from Nogaro to the port of Trieste where they will be placed in a special heavy load vessel,
 Once loaded the four gatesare estimated to take about 30 days or so to reach their destination at the site of locks on the Atlantic, where GUPCSA has built a special dock to receive them.
 Each of the four gates, built for the central niche of the Atlantic locks, measures 57.60 meters in length, 10 meters wide and 30.19 meters high, The weight per unit is approximately 3,100 tons.    C.C.13



Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #98 on: July 16, 2013, 07:15:05 AM »
North Korean ship carrying hidden 'missile equipment' detained after leaving Cuba, getting ready to transit the Panama canal............. The captain of the ship tried to kill himself after officials began searching the consignment of sugar.
http://worldnews.nbcnews.com/_news/2013/07/16/19497159-north-korean-ship-carrying-hidden-missile-equipment-detained-after-leaving-cuba?lite


Carolyn Jane

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Re: PANAMA CANAL NEWS
« Reply #99 on: July 16, 2013, 10:20:44 AM »
She sure looks like a rust bucket to me.  (From the picture in the article) CJ

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #100 on: July 31, 2013, 06:31:05 AM »
World downturn hits canal transits ..............C.C.13

WHEN THE WORLD sneezes, Panama is in danger or catching a cold, and the downturn in the international economy is affecting the Panama Canal.


Transit of vessels through the Canal dropped 7.1% in the first quarter of the year compared to the same period of 2012.

Economic indicators of the Comptroller General of the Republic reveal that toll revenue in the first quarter decreased 1.2% from $461,200, to $ 455,710
 The Panama Canal Authority (ACP) puts the blame on the global economic slowdown, especially the projections of China and the slow recovery of the European countries.
 However the Canal Authority calculates income for fiscal 2013, which ends September 30 will meet budget projections. While tonnage is expected to fall 3.8%, toll revenue is forecast to rise by .1%
 The Canal turndown news comes soon after the Colon Free Zone announced an over 12% drop in revenue.

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Re: PANAMA CANAL NEWS
« Reply #101 on: August 16, 2013, 07:28:36 AM »
 Countdown begins for Canal 100th anniversary celebration......Posted by C.C.13


THURSDAY AUGUST 15 marked two important days in the history of Panama, the 494th anniversary of the founding of the city, and the 99th anniversary of the opening of the Panama Canal.

Plans are already underway for the celebration of the 100th anniversary of the Canal opening, when the Panama Railway vessel SS Ancon made the first official transit between the two oceans.

The SS Ancon steams her way between two oeansThe SS Ancon steams her way between two oeans

The 1914 opening was overshadowed by the start of World War I which adds a prophetic dimension to an article that appeared in The Boston Transcript at that time.
THE PANAMA CANAL’S NAVAL SIGNIFICANCE.
So much have the commercial values and aspects of the Panama Canal absorbed the interest of Americans that it may seem to many of them its opening for business in the midst of a world shaking war partakes of the nature of an anachronism, even if the United States is not one of the belligerents. In reality there is a certain fitness in the realization of the dream of Balboa and the prediction of Goethe coming at this particular time. The canal is a great “short cut” open to the use of the world, but it is also a part of the scheme of the military defense of the United States. It doubles the mobility of both our land’ and seIa forces, and was built with this consideration in mind. No event in our history gave more impetus to the construction of the canal by the United States than the voyage of the Oregon around Cape Horn to join our fleet in the Caribbean. The necessity of sending a battleship over so many thousand miles of ocean impressed the nation with the importance of having at our command a short route between the Pacific and the Atlantic. The arguments of war and peace are both represented in the canal, built, owned and managed by the United States in its sovereign capacity.

THE FIRST 99 YEARS

On the 99th birthday, La Estrella, the country’s oldest newspaper, which recorded the building of the railroad and the Canal had this to say about Panama’s most important asset:

With a full head of steam the canal expansion a workforce of more than 10,000 people earlier this month posted a gain of more than 60% and should be finished in the first quarter of 2015 the Panama Canal begins today countdown to his hundredth birthday.
Just this week the Panama Canal Authority (ACP) announced it will invest in its fiscal year 2014, which runs from October 1, 2013 to September 30, 2014 - approximately $238 million in maintenance of structures and equipment, for the waterway that continues to provide an excellent service to the international maritime community, for the benefit of all Panama and Panamanians.
Exactly 99 years ago the oceanic route was opened to world trade with the passage of the SS Ancón' joining, via the narrowest part of the Isthmus, the Atlantic and Pacific Oceans and to shorten time and distance in maritime communication.Western Union sends out the opening newsWestern Union sends out the opening news With almost 100 years of operations, the Panama Canal is one of the main maritime trade routes connecting more than 144 routes, 1,700 ports and 160 countries. Its main-users are, in that order, the United States, China, Chile, Japan and South Korea.
Most of the traffic that crosses the canal runs between the Atlantic coast of the United States and the Far East, while traffic between Europe and the west coast of the United States and Canada is the second major trade route of the waterway. However, other regions and countries, in Central and South America, depend proportionally much more on this vital artery to promote their economic advancement and increase trade.
Some of the main products transiting the Canal are grain, container cargo, oil and derivatives.
According to official data, in fiscal year 2013, the Panama Canal Authority (ACP) provided the National Treasury $960. 6 million, while in the previous year provided $ 1.032 billion.
Since 2000, the waterway has directly contributed $8.569. billion to the National Treasury and the contribution for 2014 is set at $966.3 million.
In 13 years of Panamanian administration, emonstrated performance indicates that Panamanians have demonstrated that they chose the appropriate management model for the benefit of the country and the world', said Minister for Canal Affairs and Chairman of the Board of the ACP, Roberto Roy, commenting on the figures.
From 2015 the Panama Canal, with its third set of locks will be more competitive by allowing the transit of post panamax vessels, for the benefit and boosting world trade.
CANAL HIGHLIGHTS

August 1914 – Opening of the Canal.
September 1977 – Omar Torrijos and President Jimmy Carter sign transfer agreement .
December 1999 – Transfer of the Canal and the creation of the Canal Authority.
September 2007 – President Martin Torrijos initiates the Canal Expansion project.
August 2013 – Start of the countdown to the 100th anniversary celebration




Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #102 on: August 21, 2013, 05:47:51 AM »
CANAL EXPANSION” First installment of 16 lock gates arrive in Panama............ C.C.13
Tuesday, 20 August 2013 17:57

THE FIRST four gigantic lock gates for the expanded Panama Canal arrived in Panama on August 20  nearly 30 days after setting sail from the port of Trieste on the Adriatic Sea.

The expansion project was initiated by the previous government, but got a warm welcome from the current president, Ricardo Martinelli

The gates measure 58 meters wide, 10 meters wideand 30 meters high.
They will be stored in Gatún until they are ready to be installed. The ship that brought them will return to Italy for the next load.
All 16 doors are expected to be in Panama by the end of the year.
President Ricardo Martinelli said Tuesday that the expansion of the Canal will transform the international maritime industry.
He said that the future of Panamanians lies in the hands of this "magnificent work," and  described the project as being delivered "on time and at the stipulated price." Previous reports indicated that the project will be at least six months late.
"This project will change the history of the world," he told local media.

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #103 on: August 23, 2013, 10:23:14 AM »
Giant lock gates for Panama Canal expansion unloaded ............C.C.13
 IT TOOK some two hours to unload each of the four lock gates that will become part of the biggest locks in the world  when the expansion of the Panama Canal is completed.

The gates, which arrived Tuesday, August 20, took 30 days to travel from Trieste in Italy. The ship that carryiied them is on its way back to Italy to continue ferrying the remaining 12 gates. Each one is 30 meters high and 10 meters wide.

To unload each one,  at a specially constructed dock. took four flatbeds each with 120 wheels.
The 16 gates that will allow the passage of post panamax ships that currently have to make the long voyage around the Horn, will be in place by April 2014.


Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #104 on: August 23, 2013, 10:25:01 AM »
Panama Port Expansion gets Canal Authority OK ..........C.C.13
 The Panama Canal Authority has authorized the expansion of the Rodman Container Terminal, owned by Singapore’s PSA International.

According to Jorge Quijano, administrator of the Panama Canal, it is now up to the Panama Maritime Authority (AMP) to give final approval to the extension.

The terminal is operated by the Port Authority of Singapore (PSA International) with whom the Panama Canal Authority (ACP) has reached an agreement to rent 20 hectares located at the same terminal and which would be used in the future expansion.
"The Rodman Container Terminal has only one pier measuring 330 meters long, 3 gantry cranes and 450,000 TEUs of capacity. Until the first half of 2013 this terminal, operated by PSA, handled 60,213 teus" reported Thebulletinpanama.com.
Quijano said they are considering a fourth set of locks in order to meet future demand for cargo.