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Panama Canal new pricing structure

The new structure increases the number of segments from eight to ten Following the recommendation from the Board of Directors of the Panama Canal Authority (ACP), the Cabinet Council of the Government of the Republic of Panama approved yesterday the proposal to restructure the Panama Canal's pricing system."The new tolls structure was conceived in accordance with the commercial value that the route offers its users. We look forward to working alongside the industry to continue offering a reliable and competitive service," said Panama Canal Authority Administrator/CEO Alberto Alemán Zubieta.The new tolls were postponed to October 2012 and October 2013, respectively. After considering comments from the industry, the effective dates of the tolls increase were postponed three months to October 2012 and another 17 months to October 2013."The new structure offers price stability to the Panama Canal clients during the next two years, while the approved tolls remain below the value it offers as a safe, reliable and efficient route," added Alemán Zubieta.New SegmentsThe new structure increases the number of segments from eight to ten. It also breaks down the tanker segment into three distinct segments and incorporates the roll-on/roll-off vessels into the vehicle carrier segment. The Panama Canal market segmentation ...

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Modification of the Panama Canal Authority s proposal to change the Toll System

Tolls system of the Panama Canal The Panama Canal Authority's Board of Directors, after carefully evaluating the observations and suggestions provided by interested parties, has considered it appropriate to adjust the original proposal to modify the tolls system of the Panama Canal as follows:Set the implementation dates for the proposed toll increases to 1 October 2012 and 1 October 2013, including the minimum tolls, andMaintain the classification of the ship type "container/break bulk" under the market segment "others".The remainder of the proposed modifications to the tolls systems is unchanged.Effective the date of publication of this change in the Canal Register, the Panama Canal Authority will be providing interested parties with an additional consultation period extended through 12 July 2012, at 4:15 pm local time, in order to present, in writing, your data, opinions, information, arguments or presentations regarding the proposal.Additional information is available at: http://www.pancanal.com/peajes/Source: BIMCO

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Panama Canal to implement plan for reducing carbon emissions

ACP signed agreement to reduce emissions in the Canal Watershed The Panama Canal Authority (ACP) signed a Technical Cooperation Agreement with the National Environmental Authority (ANAM) and the German Agency for International Cooperation to apply mechanisms that will reduce emissions in the Canal Watershed.The agreement aims to establish the terms and conditions for the design and implementation of a pilot program in the Panama Canal Watershed, compensation mechanisms for the sustainable management of forest resources that can be replicated nationwide, under the parameters of Reducing Emissions from Deforestation and Forest Degradation (REDD +).In a ceremony held yesterday, the document was signed by Panama Canal Authority (ACP) Administrator Alberto Alemán Zubieta, ANAM Administrator Lucia Chandeck, and Laszlo Panzel, from the German Agency for International Cooperation and Program Director for Reducing Emissions from Deforestation and Forest Degradation (REDD +).During the signing ceremony Alemán Zubieta said: "With this agreement, Panama is in a win-win position to reduce the effects of carbon emissions, as we will also be able to capture carbon. This agreement with the German government will benefit our country."The Panama Canal carries out activities aimed at improving the quality of life for residents of the Canal Watershed, an area of ​​strategic ...

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Panama Canal Toll Rises Are Unacceptable, Say Shipowners

To increase tolls by up to 15% Plans to increase toll charges for the Panama Canal are 'rushed, excessive and likely to cause further problems for shipping companies' given the fragile state of economic recovery, say shipowners.The International Chamber of Shipping has sent a strongly worded letter to the Panama Canal Authority (ACP) describing plans to increase tolls by up to 15% as 'simply unacceptable'.ICS calls for the plans to be withdrawn and for future increases to be given with at least six months' notice to enable shipping companies to plan properly and fully assess the impact of the proposed changes.The International Chamber of Shipping (ICS) is the principal international trade association for shipowners, with member national associations from 36 countries representing all sectors and trades and over 80% of the world merchant fleet.The ACP published plans to increase its tolls last month, despite assuring industry clients in January there would only be one small adjustment to tolls before completion of the expansion project in 2014. Toll increases could come into effect as early as 1 July if agreed at a public hearing at the end of this month.ICS Secretary General, Peter Hinchliffe, said there was 'no pressing need' for ...

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Panama Canal expansion a threat to US west coast ports

LA and Long Beach launch programme of improvements to protect their gateway role The expansion of the Panama Canal is raising alarms in Southern California, where business, labour and public officials are warning that the project threatens to dent the region's role in international trade.The $5.25 billion project will make the canal wider and deeper, allowing bigger containerships from Asia to bypass west coast ports and head straight to terminals on the Gulf Coast and east coast.The neighbouring ports of Los Angeles and Long Beach, which together handle about 40% of the nation's imported Asian goods, could lose as much as a quarter of their cargo business, by some estimates, after the canal expansion is completed in 2014.The ports have launched improvement projects aimed at keeping them competitive. One would speed the loading of cargo on to trains; others eliminate bottlenecks or increase capacity so that the ports remain attractive to importers.However a coalition of business, labour and government contends that these efforts are being jeopardised by opposition from residents, environmental groups and others.Two members of the Long Beach City Council, for example, sought to block the construction of a new rail freight complex near the ports, saying it would ...

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Panama Canal – advance submission of ship plans and certificates

In order to verify compliance with ACP Vessel Requirements The Panama Canal Authority (ACP) reminds all customers that vessels transiting the Panama Canal for the first time must submit drawings and certificates in advance, in order to verify compliance with ACP Vessel Requirements.These vessels must present the following documents:Copy of the International Tonnage Certificate (1969) and/or PC/UMS Documentation of Total VolumeBreakdown of the total volume (calculations sheets)Ship ParticularsPilot CardInternational Load Line CertificateSuez Tonnage Certificate (if available)Classification Certificate.Vessels must also present the following plans and documents:General Arrangement PlanCapacity Plan with deadweight scaleLines Plan (or offset table, if Lines plan not available)Midship Section Plan (or Shell Expansion and bilge radius information, if Midship Plan not available)Cargo Securing Manual (if vessel is designed to carry containers, the containers section shall be provided)Visibility Plan (diagram)Container stowage Plan (if applicable)Advance copies of plans/drawings and certificates may be forwarded in AutoCAD format or PDF files (preferably original files from the shipyard) to [email protected] vessels transiting the Panama Canal for the first time that do not have plans available in PDF format, the current procedure for delivering the plans and other documents remains valid. For more information, please refer to Paragraph 2.1(7) of OP Notice to Shipping ...

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US east coast ports not ready for bigger ships

Congress must accelerate funding for improvements as Panama Canal expansion nears completion The expansion of the Panama Canal is expected to significantly increase vessel numbers and sizes calling at US east coast ports, but Paul Anderson, CEO of Florida's Jacksonville Port Authority (Jaxport), has warned that ports are not ready.US ports will not be able to accommodate all the ships wanting to call on the east coast - small, medium and post-panamax, Anderson told the US Maritime Administration.He believes the primary issue is gridlock in Congress, which is delaying investments to improve US seaport infrastructure.If the necessary port upgrades don't happen, Anderson said, transhipment from off-shore locations such as the Bahamas will threaten US port business, add costs to US imports and slow down transit times.Anderson told IFW that Jaxport was waiting on federal funding of up to $600 million to continue a dredging project, and the delay was limiting productivity of the port's new TraPac Container Terminal, its first to win a direct service to Asia.Nancy Rubin, Director of Communications for Jaxport, said: "TraPac is operating just under 100,000 containers a year. After the Panama Canal expansion, we should be seeing at least triple that by 2015.""And operating at ...

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