Panama Canal Reduces its Rates

As a measure to support the maritime industry during the economic crisis, container-ship fees will be temporarily reduced.

Monday, May 4, 2009

The plan announced by the Panama Canal Authority (ACP) will be in effect from June 1 to September 30, 2009 and it includes a reduction in the fees for container ships and more flexibility in the reservation system.

An article in Elsalvador.com reported: "The [ACP] explained that the adjustments consist of, in the first place, broadening the definition of 'ballast' (ships without passengers or cargo) for container-ships and covering those ships that sail with 30% or less of their total load capacity under this scheme."

More on this topic

ACP Promotes Megaprojects in Korea

May 2013

The Panama Canal Authority is promoting the development of automotive and natural gas terminals on land bordering the new canal.

Jorge Quijano, ACP Administrator, met with current clients of the Canal and carmakers.

"We see that the route requires not only more traffic, but also land development," said the official, who explained that the ACP has about 900 acres available, some created with earthworks from the Canal expansion, and there are currently 8 megaprojects under evaluation.

Partnership Between ACP and Port Manatee

May 2009

The ACP and Port Manatee, Florida signed a strategic alliance that will boost joint trade and the Canal’s expansion.

The agreement was signed by the administrator of the Panama Canal Authority (ACP), Alberto Aleman Zubieta, and the executive director of Port Manatee, David L. McDonald.

Panama Canal forecasts drop in tonnage in 2009

February 2009

The Panama Canal Authority has forecast a 5 % drop in cargo tonnage going through the waterway as cargo transit has been badly hit by the crisis.

The authority, known as the ACP, said on Monday it was expecting a 5 per cent fall in transit volume this year to 294.1 million tonnes, nearly 19.9 million tonnes less than that of the previous year.

Interview with Panama Canal authority, Alberto Alemán,A

January 2008

The world's eyes are on the Panama Canal's US$5bn-plus expansion, Latin America's largest infrastructure initiative.

BNamericas spoke with the CEO of the Panama Canal authority (ACP), Alberto Alemán, to learn more about this project and its consequences for Panama and the rest of the region.

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