Title: Panama Canal news
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Permanent Link: http://ufdc.ufl.edu/UF00099415/00010
 Material Information
Title: Panama Canal news
Physical Description: Serial
Language: English
Publisher: Autoridad del Canal de Panama
Place of Publication: Balboa, Panama
Publication Date: May 2010
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Bibliographic ID: UF00099415
Volume ID: VID00010
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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PANAMA CANAL NEWS


Message from the Panama Canal
Administrator/CEO
On April 26, 2010, the
Panama Canal Authority
(ACP) Board of Directors
approved a proposal to
modify the Panama Canal
pricing structure.

The ACP thoroughly
analyzed various alternatives
and held conversations with
the maritime industry for
several months, to ensure
that the suggested price
structure safeguards the competitiveness of the waterway and
allows the Canal to provide a valuable service to world
commerce.

Beginning in June 2009, the ACP provided temporary measures
to help users mitigate the effects of the ongoing economic crisis.
Once these measures reached their term in September 2009,
they were extended until April 30, 2010 at the industry's request.

In view of the current world economic situation and its impact on
the shipping industry, the ACP has decided not to proceed with
a tolls adjustment in 2010 and set January 2011 as the new date
for implementing the tolls presented in this proposal.

This proposal modifies the pricing structure for all Canal
segments: container, dry bulk, liquid bulk, vehicle carriers,
reefers, passenger, general cargo and others.

For the container segment, the ACP proposes a change in the
way tolls are calculated, with a slight price adjustment to the
capacity charge, and an additional new charge that would apply
only to the number of loaded containers aboard the vessel at the
time of transit. This measure adds transparency to the structure
and aligns it more with the way the segment operates.

It is important to note, that during the last ten years, the ACP has
executed a multi million dollar modernization program to upgrade
the Canal's infrastructure and equipment in order to provide the
quality service demanded by the users.


The program has reduced Canal Waters Time from 31.6 hours in
2008 to 23.1 hours in 2009, and currently the average time is 20
hours. These improvements have resulted in faster service and,
in some cases have reduced the need for transit reservations
providing substantial savings to Canal users.

The Panama Canal expansion project, approved through a
national referendum, continues to move forward on time and
within budget with the construction of a third set of locks at a
cost of $5.25 billion.

With the beginning of operations in 2014 of the new
infrastructure, the Canal will double its capacity. This project spurs
the continuous growth of international trade through the waterway
allowing for the transit of larger, wider and deeper draft vessels. In
this way, the industry will benefit from economies of scale that will
result in lower transportation costs for world commerce.

Following is the ACP's proposal to modify Canal tolls; all interested
parties are invited to participate in the consultation and public
hearing process to be held in Panama City, Panama, on June 1,
2010.

The ACP will consider all the correspondence received by 4:15
p.m. (local time), May 27 as well as the comments and opinions
presented during the public hearing.

The ACP trusts that this proposal will be received in the spirit of
serving the national interests of Panama and that of the global
maritime industry.






Albe o Amain Zubieta
Administrator/CEO


May 2010














1. Proposal to Modify the Panama Canal Tolls

The Panama Canal Authority (ACP) proposes a modification of
the tolls system by market segment (see enclosed table). The
proposed tolls take into consideration the Canal impact on the
cargo transported, vessel operating costs and the existing
transportation alternatives.


2. 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:

2.1 Public Consultation: There will be a public
consultation period that begins on the date of this
publication and expires on May 27, 2010, at 4:15 p.m.,
local time.


2011

Market Segment Present Tolls Proposed Tolls
Effective
Istof
TEU Toll
Capacity 74.00
Container
with 8.00
SLaden 72.00 cargo
Full Containers
January Container
wfo -
cargo 21
Ballast 57.60 Ballast 65.60

On-Deck Container Toll
Laden 72.00 January 82.00
in other vessels
Tolls per Berth
Laden 120.00 1 134.00
Passenger Vessels1/ Lan 120.00 January 134.00
Ballast 96.00 J 108.00

Tolls per PCIUMS Ton
1st 2nd Effective 1st 2nd
10K 10K Rest 1st of 10K 10K Rest
Laden 3.90 3.82 3.76 4.41 4.32 4.25
GeneralCargo January
Ballast 3.10 3.03 2.98 3.53 3.46 3.40
Laden 3.80 3.72 3.65 4.29 4.20 4.12
Refrigerated Cargo January
Ballast 3.01 2.95 2.90 3.43 3.36 3.30
y Bk Laden 3.73 3.65 3.59 4.38 4.23 4.16
Dry Bulk January
Ballast 2.96 2.90 2.85 3.50 3.38 3.33
Ta s Laden 3.98 3.92 3.85 4.46 4.39 4.31
Tankers January
Ballast 3.18 3.11 3.05 3.57 3.51 3.45
Vehie C s Laden 3.87 3.79 3.72 4.33 4.24 4.17
Vehicle Carriers January
Ballast 3.07 3.01 2.95 3.46 3.39 3.34
Ladden 3.95 3.87 3.80 4.42 4.33 4.26
Passenger Vessels 1/ January
Ballast 3.14 3.07 3.02 3.54 3.46 3.41
o s Laden 4.12 4.04 3.97 4.61 4.52 4.45
Others January
Ballast 3.27 3.20 3.15 3.69 3.62 3.56

Tolls per Displacement Tonl
Displacement 2.28 January 3.02

11 Vessels above 30,000 gross tons (GRT) and whose PCAJMS tonnage divided by maximum passenger capacity
(PAX-ITC) ratio is less than 33, shall pay tolls on a per berth basis. If such a ratio is greater than 33, tolls shall be paid
on the basis of PCAJMS
21 Containers without cargo will continue to be charged as part of the total vessel capacity.


2.2 Public Hearing: A public hearing will be
held on June 1, 2010, in the place indicated
in paragraph 5:


3. 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 the publication date of this
notification, 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 May 27, 2010, at 4:15 p.m.,
local time.

3.2 All who have participated in the
consultation process described above in
paragraph 3.1 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
of this document, 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 May 27, 2010 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.













4. Request and Forwarding of Information

4.1 Persons interested may access an electronic copy of
proposal, both in Spanish and English, in the Panama Canal
Authority website (www.pancanal.com), or request a copy in
person from the Office of Marketing Research and Analysis,
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
before the date indicated in paragraph 3.1 of this document.
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 person, by facsimile, or by sending them via courier or
mail before the date indicated in paragraph 3.1 of this
document. No communications shall be accepted by
electronic mail.

4.4 Addresses to send the above-mentioned
documentation:

Personal or via courier in Panama:
Autoridad del Canal de Panama
Propuesta de modificaci6n de los peajes
Edificio de la Administracion Oficina 320
Oficina de Investigacion y Analisis de Mercado
Unidad de Relaciones con los Clientes (MERC)
Balboa, Anc6n, Republica de Panama

or

By mail in the United States of America:
Panama Canal Authority
Proposal
Customer Relations Unit (MERC)
P.O. Box 526725
Miami, FL 33152-6725
United States of America

or


5. Place and Time of the Hearing

The public hearing shall be held in the "Ascanio Arosemena"
auditorium, Balboa, Republic of Panama, and shall begin at
9:00 a.m., local time.


By Facsimile to:
(507) 272-7377
(507) 272-1416













Canal Waters Time Down, General Cargo,
Dry Bulk and Vehicle Carrier Transits Up

In April, the Panama Canal Authority (ACP) released its second
quarter (Q2) operational metrics for fiscal year 2010. In Q2,
Canal Waters Time (CWT), the average time it takes a vessel to
transit the Canal (including waiting time for passage) saw a
notable decline. While total transits and net tonnage decreased
nominally, there was growth in some key segments. These
metrics are based on operations from January through March
2010, the second quarter of the ACP's 2010 fiscal year, and are
compared with Q2 of fiscal year 2009.

Overall CWT decreased 24.7 percent -to 19.75 hours from
26.22 hours. CWT for booked vessels, those ships holding
reservations, also experienced a decrease -to 12.59 hours from
15.83 hours, or a 20.4 percent reduction.

Total Canal transits declined 1.5 percent -to 3,854 transits from
3,914. Transits of supers, larger ships that require greater time
and navigation skills to transit the Canal, decreased 0.8 percent
to 1,801 transits from 1,815.

With regard to key segments, general cargo, dry bulk and
vehicle carrier transits increased, while transits of containers,
refrigerated cargo (reefers), tankers and passenger vessels
decreased.

"Canal Waters Time is down more than six hours in Q2. This
helps our clients get their products to market faster, burn less
fuel and reduce expenditures. This is good news for all and
indicates that our efficiency measures and investments are
working, particularly the new tie-up station and track and
turntable system," said ACP Executive Vice President of
Operations Manuel Benitez. "Going forward, we will continue to
watch the global markets and expect to see some signs of
relative growth among key segments, as volumes slowly
recover," he continued.

Panama Canal/Universal Measurement System (PC/UMS)
tonnage slightly dropped 2.3 percent -to 73.99 million PC/UMS
tons from 75.74 million PC/UMS tons.


The official accident rate increased to 1.816 accidents per 1,000
transits from 1.022. An official accident is one in which a formal
investigation is requested and conducted.

Utilization of the booking system decreased 44.2 percent -to 44.4
percent utilization from 79.6 percent. Significant reductions in
CWT, along with increased operational efficiency, have resulted in
the booking of fewer reservations.




Panama Canal and U.S. Ports Sign
Strategic Partnerships
The ACP recently
subscribed
Memorandums of
Understanding with the
Jacksonville Port
Authority (JAXPORT),
and the Alabama State
Port Authority (ASPA).
The MOUs will
increase cooperation,
such as joint marketing
ubea and Jacksonve Por Auority CEO and coordination on
Rck Fern modernization and
expansion projects,
and help boost trade
along the increasingly
important "All Water
Route," the route from
Asia to the U.S. East
and Gulf Coasts via
the Panama Canal.


Panama Canal Authority Tel (507) 272-7961
Your comments and suggestions are very important to us. If you need additional Market Research & Analysis Office (ME) Fax (507) 272-1416
copies mailed to other officials within your corporation, please contact us at the PO BOX 526725 Miami FL 33152-6725 e-mail: customerelations@pancanal.com
address indicated in the next box.
SEE THIS NEWSLETTER ON THE ACP WEB SITE AT: www.pancanal.com
(then click on News)




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