Title: Panama Canal news
Full Citation
Permanent Link: http://ufdc.ufl.edu/UF00099415/00011
 Material Information
Title: Panama Canal news
Physical Description: Serial
Language: English
Publisher: Autoridad del Canal de Panama
Place of Publication: Balboa, Panama
Publication Date: August 2010
 Record Information
Bibliographic ID: UF00099415
Volume ID: VID00011
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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Global leaders tour
Panama Canal expansion site

In this picture from left to right:
ACP Administrator/CEO Alberto Aleman Zubieta; Belize Deputy Prime Minister
Gaspar Vega; Spain Vice President Manuel Chaves; Colombia President Alvaro
Uribe; Panama Vice President Juan Carlos Varela; Italy Prime Minister Silvio
Berlusconi; Panama President Ricardo Martinelli; Guatemala President Alvaro
Colom; Honduras President Porfirio Lobo; Dominican Republic Vice President
Rafael Albuquerque; Costa Rica Vice President Alfio Piva Mesen and Panama
Minister for Canal Affairs R6mulo Roux.

Often labeled as one of the world's most important
infrastructure projects underway this decade, a visit to the
Panama Canal expansion site is atop many lists upon arriving in
Panama. And the same rings true for Heads of State.

On June 30, the Panama Canal Authority (ACP) welcomed
dignitaries from Belize, Costa Rica, Dominican Republic,
Guatemala, Honduras, Italy and Spain to the Atlantic expansion
site in Col6n. The global leaders were given a VIP tour of the
expansion site and briefed on the progress of the historic $5.25
billion project, which moves forward as planned, and which will
double capacity and allow for the traffic of longer and wider

Canal Expansion progress
One of the Expansion Project's major components is the creation
of the access channel that will join the new Pacific Locks with the
Gaillard Cut. This work was broken down into four phases
awarded to different contractors. With the completion of the first
two contracts, focus has been set on the last two parts of the
project known as PAC-3 and PAC-4.

PAC-3, which is being executed by Costa Rica-based company
Meco, S.A., has reported progress of 74 percent as of May 31,
2010. Work under the contract entails the excavation of nearly
8.2 million cubic meters of material, the further leveling of
Paraiso Hill from 46 meters to its final 27.5 meters above sea level
and the clearing of 190 hectares of munitions and explosives of
concern (MEC) areas.

In May, the consortium ICA-FCC-MECO (in charge of PAC-4),
began the execution of the first component of the project, which
requires the clearing of 80 hectares of MEC areas. The
consortium is deploying the heavy equipment required for the
excavation of the nearly 26 million cubic meters of material
assigned under the project. The most intricate part of this
project is posed by the construction of the Borinquen dam,
which will separate the waters of Miraflores Lake from the new

In addition, progress has been achieved on the dredging of the
Atlantic side entrance, which is being performed by Belgian giant
Jan de Nul n.v. The company's hopper, clamshell and cutter
suction dredges are performing cutting and dredging work on
theThird Set of Locks approach channel and navigation channel.

On the Pacific, Belgian contractor Dredging International has
already dredged 8.7 million cubic meters of underwater material,
with 53% progress by the end of May.

On June 4, the ACP awarded Dredging International the contract
to dredge a series of reaches north of Gatun Lake, the manmade
lake that supplies water to the Panama Canal. The work consists
on the widening and deepening of the existing navigation
channel through the dredging of nearly 4.6 million cubic meters
of material as part of the project to excavate some 30 million
cubic meters of material from Gatun Lake and Culebra Cut (the
narrowest section of the Panama Canal). This dredging project is
another integral element of the Canal's Expansion Program, and
was awarded at a cost of $39,983,822.82.

The work for the design and construction of the new locks is
being performed by consortium Grupo Unidos por el Canal,
formed by Sacyr Vallehermoso, Impregilo S.p.A., Jan de Nul n.v.,
and Constructura Urbana, S.A. The consortium is working day
and night on the project and has already excavated the first
million cubic meters of material from the Atlantic site.

August 2010

New Canal Pricing Structure

On June 15, after concluding a public consultation and hearing process that began on April 27, the Cabinet Council of the Republic of
Panama approved a proposal to modify the Panama Canal pricing structure, following a recommendation from the Panama Canal
Authority (ACP) Board of Directors.

The ACP received twelve comments from nine interested parties during the 30-day consultation period. All the comments were carefully
evaluated by the Committee in charge of the process, and as a result it was decided to delay the implementation date for the reefer

segment (for the portion applicable to PC/UMS tons) to April 2011
trade. The new tolls structure for all Canal segments is as follows:

Market Segment Present Tolls Proposed Tolls
Effective 1st
TEU Toll
Capacity 74.00
Container 8.00
l C s Laden 72.00 with cargo
Full Containers
January Container
w/o cargo
Ballast 57.60 Ballast 65.60

On-Deck Container Toll in Laden 7200 January 82.00
other vessels
Tolls per Berth
Laden 120.00 | | 134.00
Passenger Vessels 1 BaLaden 12.00 January 108.00
Ballast 96.00 108.00

Tolls per PC/UMS Ton
1st 2nd Effective 1st 2nd
Rest Rest
10K 10K s 1st of 10K 10K est
Laden 3.90 3.82 3.76 4.41 4.32 4.25
General Cargo January
Ballast 3.10 3.03 2.98 3.53 3.46 3.40
Refrigerated Cargo Laden 3.80 3.7 3.65 4.29 4.20 4.12
Refrigerated Cargo April
Ballast 3.01 2.95 2.90 3.43 3.36 3.30
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
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
Laden 3.87 3.79 3.72 4.33 4.24 4.17
Vehicle Carriers January
PassngrVssels Ladden 3.95 3.87 3.80 4.42 4.33 4.26
Passenger Vessels I1 January
Ballast 3.14 3.07 3.02 3.54 3.46 3.41
Laden 4.12 4.04 3.97 J 461 4.52 4.45
Others January
Ballast 3.27 3.20 3.15 3.69 3.62 3.56

Tolls per Displacement Ton
Displacement 2.28 January 3.02

1/Vessels above 30,000 gross tons (GRT) and whose PC/UMS 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 PC/UMS.

2/Containers without cargo will continue to be charged as part of the total
vessel capacity.

in consideration of the comments received on the seasonality of the

The new tolls are the result of previous discussions with industry
representatives and shipping lines. The ACP listened to their
feedback and, in view of the world economic situation, decided
not to proceed with a tolls adjustment in 2010 and set January 1,
2011 as the new date for implementing the tolls for all segments

BAPLIE required for all full containerships

The new pricing structure that has been adopted for full
containerships includes a change in the way tolls are calculated,
with a slight price adjustment to the capacity charge, and an
additional new charge that will apply only to the number of
loaded containers aboard the vessel at the time of transit. This
change was incorporated at the request of the container
segment and it will add transparency to the structure and align it
more with the way the segment operates.

Effective July 1, 2010, all full container vessels arriving at Panama
Canal waters for transit will be required to submit their BAPLIE
file (Bayplan/stowage plan occupied and empty locations
message) prior to arrival, in addition to the cargo declaration.

Full container vessels docking at any port located at the terminal
ends of the Panama Canal prior to transiting the Canal, are
required to provide an updated BAPLIE file no later than four
hours after departing the dock. This includes the port of Balboa,
Cristobal and Manzanillo.

The BAPLIE documentation is a vital element in determining the
number of loaded and empty containers carried onboard a vessel
at the time of transit. Questions or comments regarding BAPLIE
may be sent to baplie@pancanal.com.

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.
(then click on News)

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