Search results for: ACP

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  • 22 December 2016
    Business & Finance

    The Panama Canal Authority (ACP) has been assigned an A2 rating for its business model, geographic advantage, and strong operational and financial performance, the ACP cited a report issued by Moody’s rating agency. In its report, the credit rating agency noted that one of the ACP’s largest financial strengths is its “clear legal and institutional […]

  • 21 June 2016

    The Panama Canal Authority (ACP) conducted another trial transit in the Expanded Canal on June 20, with a US-built crane ship Oceanus traversing the Pacific-facing Cocoli Locks. The inauguration of the Expanded Panama Canal will take place on Sunday, June 26. The first vessel to cross the Expanded Panama Canal during its inauguration will be China […]

  • 8 September 2015
    Business & Finance

    Panama Canal Authority (ACP) is now awaiting a formal report on the leakage from the newly constructed third set of locks of the long-awaited Panama Canal expansion project from the construction contractor Grupo Unidos por el Canal (GUPC), following detailed inspections. “The report will be inclusive of the root cause analysis conducted, as well as the […]

  • 5 May 2016
    Business & Finance

    The Panama Canal Authority (ACP) has postponed the third draft restriction to May 25 for all vessels transiting the canal due to recent rainfall in the Panama Canal watershed. Based on the new estimates for the Gatun Lake level, the maximum authorized transit draft will remain at 11.74 metres TFW until May 24, 2016, the ACP said. In […]

  • 8 September 2015
    Business & Finance

    Panama Canal Authority (ACP) is now awaiting a formal report on the leakage from the newly constructed third set of locks of the long-awaited Panama Canal expansion project from the construction contractor Grupo Unidos por el Canal (GUPC), following detailed inspections. “The report will be inclusive of the root cause analysis conducted, as well as the […]

  • 11 May 2018
    Business & Finance

    Panama’s government agency is to investigate the Panama Canal Authority’s treatment of tugboat captains.

  • 16 May 2018

    The dispute between the Panama Canal Authority and its tugboat captains over safety issues at the canal is intensifying.

  • 10 February 2014
    Business & Finance, Equipment, Technology

    GUPC has announced that they will continue its efforts to find a solution and reach an agreement with ACP, and has delivered a new proposal that takes into account the concerns of ACP while providing funding necessary to finish the Third Set of Locks project. Pending an agreement, works on the Third Set of Locks […]

  • 28 January 2013
    Business & Finance, Equipment, Technology

    CARIS recently spent four weeks at the Panama Canal Authority (ACP) conducting training and consultancy on CARIS Hydrographic Production Database (HPD). ACP selected HPD for marine spatial data management and security, and to obtain further efficiencies in chart production. During the training course ACP staff were introduced to working with CARIS HPD. The first two […]

  • 7 January 2014
    Business & Finance, Equipment, Technology

    The Panama Canal Authority (ACP) reaffirmed its commitment to the international maritime community and its customers to successfully complete the Expansion Program, thereby fulfilling its objective of offering a new era of opportunities to world maritime commerce. In the Advisory to Shipping (No. A-02-2014), the Panama Canal Administrator Jorge L. Quijano stated that, “we would […]

  • 23 December 2009

    The Panama Canal Authority (ACP) received four bids today, moving the ACP one step closer to awarding the fourth dry excavation (PAC-4) contract under the waterway’s Expansion Program. Now, the ACP will thoroughly analyze the technical and financial submissions and award the contract in the coming weeks.

  • 1 November 2016

    Liquefied Natural Gas (LNG) carriers in Panama Canal’s anchorage areas are now permitted to receive bunkers only within the Explosives Area of the Pacific Anchorage on a space-available basis, after coordination with Panama Canal Authority’s (ACP) Flamenco Signal Station, the ACP said. The permission comes after the ACP reassessed the current prohibition for LNG vessels […]

  • 28 April 2011
    Vessels

      The Panama Canal Authority (ACP) has awarded a $43 million contract to Dutch company IHC Engineering Business Ltd., a part of IHC Merwede Group, for the design and construction of a new backhoe dredge. The addition of this new dredge to the ACP’s existing fleet in December 2012 will increase the ACP’s ability to […]

  • 28 April 2011

      The Panama Canal Authority (ACP) has awarded a $43 million contract to Dutch company IHC Engineering Business Ltd., a part of IHC Merwede Group, for the design and construction of a new backhoe dredge. The addition of this new dredge to the ACP’s existing fleet in December 2012 will increase the ACP’s ability to […]

  • 4 September 2017
    Business & Finance

    International ratings agency Fitch Ratings affirmed the Panama Canal Authority’s (ACP) A investment grade rating with a stable outlook , for its long-term issues default and senior unsecured notes, for the second year. “The ratings reflect an underlying asset that is critical not only for Panama, but for international commerce, as demonstrated by its stable volume […]

  • 6 February 2014
    Business & Finance, Equipment, Technology

    The international consortium of leading infrastructure firms constructing the Panama Canal third set of locks expansion project continues to seek a solution for funding the completion of the project and completion of the works in 2015, even as the Autoridad del Canal de Panama (ACP) broke off negotiations, announced gupc.com.pa. The break in negotiations puts the […]

  • 1 October 2012
    Business & Finance

    A new backhoe dredger manufactured by IHC Merwede was named ALBERTO ALEMÁN ZUBIETA during a special ceremony at the shipyard of its cooperation partner, NMC, in Nieuw- Lekkerland, The Netherlands, on 28 September. IHC Merwede has built the vessel for Autoridad del Canal de Panama (ACP). The ceremony was performed by Mrs Ana Matilde Alemán, […]

  • 6 April 2016

    The Panama Canal Authority (ACP) is introducing second draft restrictions effective April 29th, 2016 for all vessels transiting the canal amid dry weather conditions brought about by the El Niño. El Niño has triggered a drought in the Canal Watershed, causing the water level of Gatun Lake to fall substantially below its average for this time of the year. […]

  • 17 January 2017

    The Panama Canal Authority (ACP) plans to temporarily reduce the number of booking slots for supers in the third period to 5, for a total of 15 slots, due to “an unusual delay” in transits for non-booked vessels. The reduction will become effective on January 20, 2017, and will be maintained until further notice, according […]

  • 10 April 2015
    Business & Finance

    Members of the Panama Canal Authority (ACP) Board of Directors and Administration yesterday returned to Panama after having traveled to Asia for the 24th joint meeting of its Advisory Board. The delegation met in Japan with the group of distinguished advisers to discuss Canal operations and performance, progress on the Expansion Program, training programs and […]

  • 17 April 2018
    Business & Finance

    ITF: Captains are refusing to perform operations in the canal due to health and safety concerns.

  • 22 June 2010
    Business & Finance, Project & Tenders

    In compliance with its commitment to protect and preserve the environment, the ACP along with the contractors for each component of the program and in coordination with Panama’s National Environmental Authority (ANAM), conducts wildlife rescue and relocation operations as it progresses in the various projects being executed under the Expansion Program. These activities are developed […]