Title: News from ... the Panama Canal
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Permanent Link: http://ufdc.ufl.edu/UF00099414/00016
 Material Information
Title: News from ... the Panama Canal
Physical Description: Serial
Language: English
Publisher: Autoridad del Canal de Panama
Place of Publication: Balboa, Panama
Publication Date: February 2007
 Record Information
Bibliographic ID: UF00099414
Volume ID: VID00016
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.

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-I a







February 2007


Message from the
Administrator


Proposal to modify
the regulations for
the admeasurement
of vessels for the
Panama Canal and the
Panama Canal tolls

Invitation to
participate in the
public consultation
and hearing

Form of participation
of the interested
parties

Request and
forwarding of
information

Customers and ACP
officials exchanged
views on upcoming
changes to tolls
system

NYK President joins
ACP Advisory Board

Advisory Board
Member Embiricos
writes a children's
book about the
Panama Canal
expansion




WORLD LEADER in
services to the maritime
industry and in
sustainable
development for the
conservation of the
Panama Canal
watershed.

CORNERSTONE of the
global transportation
system and driving force
for the progress,
development and growth
of Panama.

MODEL of excellence,
integrity and
transparency in our
conduct; committed to
the integral development
of our human resource
team.


Message from the Administrator


On January 25, 2007, the Panama Canal Authority's
(ACP) Board of Directors gave authorization to
proceed with a formal proposal to restructure the
Canal's pricing system and certain regulations. This
proposal is well thought out and well researched. We
recognize the great value of the Panama Canal and its
service to the shipping and maritime communities,
and, indeed, to global trade. The proposed
modifications to the pricing system will allow us to
continue providing the industry with the service they
want and deserve.

As the world becomes more interconnected barriers
dropping, tariffs reduced the significance of the
Panama Canal and its function in the global supply
chain become more important. Given the cost
increases in shipbuilding, fuel and vessel operations,
the shorter route through the Panama Canal has
significantly increased its value to its users.

The ACP is committed to providing a safe, reliable and
efficient transit service to its customers; therefore, it is
executing an ambitious investment program aimed at
modernizing the waterway and increasing its
operating capacity. This program includes the
construction of a third set of locks that will allow us to
meet the demand for Canal services while offering an
optimum quality service.


The construction work will
not affect the waterway's
traffic. Once completed, the
ACP will have doubled the
Canal's capacity and we will
be able to transit larger
vessels. In this way, we will
ensure that the Canal keeps
up with the industry changes
and maintains its position as
a vital component of the
international transportation
and logistics chain.


Alberto Alemdn Zubieta


Formal consultation on the proposal began on
February 2 and will continue until March 12,2007, at
4:15 p.m. EST. The ACP will consider inputs,
suggestions and feedback from interested parties.
The ACP welcomes data, opinions, written
statements (in English or Spanish) before the above
deadline in person, via courier or by mail. In addition,
a public hearing will be conducted on March 14,
2007,in the"Ascanio Arosemena"auditorium, Balboa,
Republic of Panama at 9:00 a.m. EST. For more
information or to obtain an electronic copy of the
proposal (in both English and Spanish), please visit:
www.pancanal.com.


Proposal to modify the regulations for the admeasurement
of vessels for the Panama Canal and the Panama Canal tolls



* ~
m~Alp~~I U
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The Panama Canal Authority proposes to modify it!
rules of admeasurement and tolls system as follows:

1.1 In the case of vessels charged tolls based on their
displacement, the Canal proposes: (a) the utilization of
the maximum displacement draft instead of the
arrival draft, and (b) the increase of the displacement
tolls rate according to the enclosed table. The


utilization of a more reliable parameter such as
maximum displacement draft makes the assessment
of tolls more equitable and transparent.


continues...


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Form of participation
of the interested parties


The interested parties may participate in the consultation and
public hearing in accordance with the following rules:

3.1 As of February 2,2007 the consultation period is open, and the
interested parties may present data, opinions, or statements in
writing, in English or Spanish, which must be received by the
deadline of March 12,2007, at 4:15 p.m., local time.

3.2 All who have participated in the consultation process
described in paragraph 2.1 may participate in the public hearing,
to be held on the date indicated in paragraph 2.2, directly or
through their duly accredited representatives, provided that they
have announced in writing, during the consultation period, their
intent to participate in the hearing. This notification must be sent
to the addresses indicated in paragraph 4.4, and shall contain the
name and address of the interested party and the capacity under
which he/she shall present himself/herself. The announcement of
participation in the public hearing must be received in writing, in
English or Spanish, no later than March 12, 2007 at 4:15 p.m., local
time, and the recorded date and time of receipt of the notification
shall determine the order in which the interested party shall
participate in the public hearing.


Request and forwarding of information

4.1 Persons interested in participating in the consultation process
and public hearing may access an electronic copy of the proposal,
both in Spanish and English, in the Canal Authority website
(www.pancanal.com), or request a copy in person from the
Department of Corporate Planning and Marketing, located in the
Canal Administration Building, Balboa, or by fax at (507) 272-7377
or (507) 272-1416, or by mail, to any of the addresses indicated in
paragraph 4.4.

4.2 Those interested in expressing their comments, opinions,
information, or arguments during the consultation period shall
submit them in writing, in English or Spanish, in person, by
facsimile, or by sending them via courier or mail, so that they are
received no later than the date and time established in paragraph
3.1. No communications shall be accepted by electronic mail.

4.3 Those interested in participating in the public hearing must
announce their interest in writing, in English or Spanish, in any of
the ways established in the above paragraph, and within the period
established in paragraph 3.2. The date and time of receipt of the
notification shall be recorded in the receiving office, to determine
the order in which the interested parties shall make their respective
presentations on the day of the hearing. No communications shall
be accepted by electronic mail.

It is hereby requested that if at all possible, parties participating in
the public hearing send a printed copy of their presentation prior
to the hearing.


4.4 Addresses to send the pertinent documentation:


Prondor C.,otirier in P~rinima.

"Uid11i IW C1110 d-~ P01111
EdJiriic rd Iii -J rorriri-n ,ir-l- Oh.ini,


ur, ila R~ -iu. I.-


F., ri-ni I ir, ttio I- iiar(.- l if- v -rica

Rh~iiv Unar~ i F1.11 1P,
PC BO- i~i,,, FL
-Ina- F, rrI A.


Customers and ACP officials
exchanged views on upcoming
changes to tolls system

During the months of November and December, Panama Canal
Administrator/CEO Alberto Alemin Zubieta, together with ACP
Corporate Planning and Marketing Director Rodolfo Sabonge, met
with key representatives of the shipping industry to informally
discuss the upcoming changes to the tolls system, the impact of an
expanded Canal and the change in the Canal's business model.

Meetings were held with the highest ranking representatives of the
International Chamber of Shipping, the World Shipping Council, the
Florida-Caribbean Cruise Association, representatives of the shipping
sector in Asia and Chile, and members of the ACP Advisory Board.

The Canal officials stressed that the ACP is committed to providing
value to its customers through a reliable, safe and efficient service, so
that the clients receive the value they seek in using the Panama
Canal route. By legal mandate, the Canal must operate as a profit
entity and must contribute to the welfare of the people of Panama.

During the meetings, customers discussed with Canal officials the
need to establish tolls that are reasonable and transparent and
include price stability. The ACP has included this recommendation
into the tolls adjustment proposal and extended it until 2009,
unparalleled in the industry.

At the request of the customers, the ACP has evaluated innovative
ways of pricing its services, specifically for the cruise segment. Upon
extensive analysis, a decision was made to charge per berth so that
the cruise lines can pass along the cost in a more transparent way to
its travelers.

Other ideas discussed included the adjustment of rates for inflation.
The informal consultations were carried out prior to the official
publication of the proposal to modify Canal tolls and
admeasurement rules. Through this effort, the ACP was able to
ensure that the proposal reflected the views and suggestions of its
customers.









-FY AI


...continues


1.2 The Panama Canal Authority proposes a number of
administrative changes to the Agreement No. 2 of the "Whereby
the Regulation for the Admeasurement of Vessels to Assess Tolls for
Use of the Panama Canal are Approved" The changes are of a pen
and ink nature for the purpose of enhancing clarity.
It is the intention of the Panama Canal Authority that these
administrative modifications, in the aggregate, do not affect the
tolls or other marine charges to vessels. Likewise, these
modifications shall not affect the use of the
International Tonnage Certificate, (ITC) 69 Total Proposal to Mod
Volume (V) by the ACP as the basis of PC/UMS,
nor is it anticipated that its acceptance level
will change. These modifications seek higher j
Canal efficiency by means of more precise
definitions of its terminology and processes. Full containers BIde
Therefore, there shall not be any financial On-DeckContainer
Toll in other Lade
impact as a result of these changes. vessels
Passenger Vessels Lade
1.3 In the case of passenger vessels, the ACP 1/ BalVa
proposes the assessment of tolls based on
maximum passenger capacity (PAX-ITC) in
accordance with the International Tonnage General Cargo Lade
Certificate, (ITC) 69, or based on the vessel's Lade
Refrigerated Cargo Baa
passenger certificate. The charge is RefgeratedCargo
Lade
determined by two design parameters: (a) DryBulk Balia
gross tonnage as specified by the ITC (69) and Tankers Lad;
(b) the PCUMS / PAX-ITC ratio. Vessels over Lade
Vehicle Carriers
30,000 gross tons whose PCUMS / PAX-ITCrs Bal
Passenger Vessels Lade
ratio is equal to or less than 33 will be charged 1/ Balia
tolls on a per berth basis according to the Others a
enclosed table. If such ratio is greater than 33,
tolls shall be paid on the basis of PC/UMS Displacement
tonnage. Vessels below or equal to 30,000 GRT Note: 1/Vessels above 30,000
than or equal to 33, shall pay t
shall also pay on the basis of PC/UMS tonnage. Vessels below or equal to 30,0


1.4 The ACP proposes a modification of the tolls system, by market
segment, so that each segment charged a given price (see
enclosed table). The proposed tolls take into consideration the
Canal impact on the cargo transported, vessel operating costs and
the existing transportation alternatives. The TEU tolls of $54.00 and
$43.20 that appear in the enclosed table were approved in 2005
and are not part of this proposal. The new TEU tolls will become
effective starting May 2008.

lify the Regulations for the Admeasurement of Vessels and the Tolls System
(in $U.S. Dollars)
i . -roposed TollsI: I


gross tons (GRT) and whose PC/UMS tonnage divided by maximum passenger capacity (PAX-ITC) ratio is less
oills on a per berth basis If such ratio is greater than 33, tolls shall be paid on the basis of PC/UMS tonnage
00 GRT shall also pay on the basis of PC/UMS tonnage


Invitation to participate in the public consultation and hearing

Interested parties are invited to participate
in the consultation process and public
hearing. The following dates are
established: I

2.1 Public Consultation: There will be a
public consultation period that begins on
Febiuaiy 2 and e.:pies on March 12, 2007,
at 4 15 p.m, local time.

2.2 Public Heai ing A )Lpublic heali ing will
be held on Maich 14, 2007, in the the
"Ascanio Aiosemena" auditoi um, Balboa,
Republic of Panama, and shall begin at
9:00 a.m., local time.










- m mi~


NYK President joins ACP Advisory Board

In December, the ACP appointed Nippon Yusen Kabushiki Kaisha
(NYK Line) President Koji Miyahara as its newest Advisory Board
member. This appointment helps strengthen the Canal's focus in
maritime shipping and provides the Board with additional
representation from Japan, one of the largest users of the Panama
Canal. Mr. Miyahara will play a key role in the implementation of
the ACP's expansion plans.
The Advisory Board was founded in 1999 at the time of the transfer
of the Canal to Panama. The members of the Advisory Board
provide strategic counsel to the ACP and its Board of Directors on
issues related to the management and administration of the Canal,
including finances, insurance, operations and permanent
modernization.
Mr. Miyahara is a prominent Japanese lawyer who became
President of NYK Line in 2004. He has more than 30 years of
experience in the maritime industry.

Advisory Board Member Embiricos writes
a children's book about the Panama
Canal expansion

Can we interest the public about shipping by interesting children?
This in itself could give rise to a long series of articles. Recently, a
children's book about the rationale behind the expansion plans for
the Panama Canal, "The Panama Canal and its Expansion," was
written by Philip A. Embiricos and published under the aegis of the
ACP.
The author, a Greek national, comes from a traditional Greek
shipping family and is married to a Panamanian. He is serving as a
member of the ACP Advisory Board and has participated on many
occasions, in IMO work, as a representative of several shipping
associations.


I T S E X A SAO I

By: Philip A. m iio


Conscious of the fact that, in the public's eye, shipping is sometimes
seen as synonymous with pollution tainted with the occasional
fraud, Mr. Embiricos decided to restore the image of shipping by
convincing the children that without shipping their lives would be
completely different. Thus, Mr. Embiricos wrote a simple booklet
where shipping, commerce and its relevance to Panama would be
explained. What he thought would take three weeks took in fact
more than three months, but some interesting facts emerged.
When the Spanish version came out, some people felt that it should
be translated into English. With the sponsorship of BIMCO, the
English version of the book was published and distributed among
the BIMCO's membership. Currently, this interesting and
easy-to-read book, which appeals not only to children but to people
of all ages, is being published in Chinese.


I We wan you comet fo mor infrmaio


Your comments and suggestions are very important to us. If you need additional
copies mailed to other officials within your corporation, please contact us at the
address indicated in the next box.


Panama Canal Authority
Corporate Planning and Marketing (PM)
P.O. BOX 526725 Miami FL. 33152-6725


Tel. (507) 272-7961
Fax. (507) 272-1416
e-mail: customerelations@pancanal.com


SEE THIS NEWSLETTER ON THE ACP WEB SITE AT: www.pancanal.com
(then click on Virtual Newsrooms)




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