BOYD

STEAMSHIP CORPORATION

AGENTS AT THE PANAMA CANAL

FOUNDED IN 1909

 

Web: www.boydsteamship.com Email: operations@boydsteamship.com

 

PANAMA CANAL NEWS

 

May 2nd, 2007

 

LOCKS LANE OUTAGE AND PANAMA CANAL AUTHORITY TRANSIT RESERVATION SYSTEM

 

PANAMA CANAL TUGS GO Z-TECH:  ACP INTRODUCES MOST POWERFUL TUGS IN ITS HISTORY

 

DANI KUZNIECKY OFFICIALLY INAUGURATED AS HEAD OF PANAMA CANAL AUTHORITY BOARD OF DIRECTORS

 

ACP BOARD OF DIRECTORS APPROVE CANAL TOLL INCREASE EFFECTIVE JULY 1, 2007

 

 

 

 

 

LOCKS LANE OUTAGE AND PANAMA CANAL AUTHORITY TRANSIT RESERVATION SYSTEM

 

Beginning Thursday, May 3, 2007, at 1800 hours through Saturday, May 5, 2007, at 0600 hours (36 hours), the WEST lane of Gatun Locks will be out of service. Relay operations will be conducted in the EAST lane. Closing the West lane of Gatun Locks is necessary in order to perform repairs on the seals of Miter Gate 15.

 

As a result of this work and pursuant to the rules governing the Transit Reservation System (MR’s Notice to Shipping No. N-7-2007), a reduction in the number of available booking slots will be in effect during this period, as follows:

 

            • From 0001 hours through 2359 hours on May 3, 2007, Condition 1.a will be in effect;

             

            • From 0001 hours through 2359 hours on May 4, 2007, Condition 2 will be in effect;

 

            • From 0001 hours through 2359 hours on May 5, 2007, Condition 1.a will be in effect.

 

The number of slots per direction and restriction during Condition 1.a will be limited as follows:

 

            • No more than eight (8) supers may be booked for transit in the southbound direction, and of these, no more than six (6) with “full daylight-hour” restriction. Similarly, no more than seven (7) supers may be booked for transit in the northbound direction, and of these, no more than five (5) with “full daylight-hour” restriction.

             

            • The total number of “full daylight-hour” restricted supers shall not exceed eight (8) vessels per day.

 

            • No more than four (4) regular vessels may be booked for transit in the same direction.

 

            • Of the six slots available for regular vessels, no more than two (2) may be allocated to regular vessels transiting under restrictions.

 

Applications for reserved transits under these conditions will be received commencing 0900 hours April 30, 2007. The booking slot available through the Auction Process will continue to be offered during this period.

 

 

PANAMA CANAL TUGS GO Z-TECH:  ACP INTRODUCES MOST POWERFUL TUGS IN ITS HISTORY

With the introduction of three new "Z-Tech" tugboats, the Panama Canal Authority (ACP) introduces the most powerful tugs in its history. The new tugs will replace aging boats in the Canal's current fleet, featuring cutting-edge technology that should lower lockage times by providing greater maneuverability and 82 percent more towing power than the existing tugs.

The "Z-Tech" tugs, as they are called, will assist vessels in the process of going in and out of the existing locks and are equipped to handle first responder duties in emergency marine fire-fighting situations.

"We are very excited to incorporate these new high-performance tugboats into our fleet," said ACP Director of Operations Manuel E. Benítez. "The increase in power and maneuverability will particularly be a great asset in reducing the current time used to approach the locks. By utilizing the new "Z-Tech" tugs, we are demonstrating our commitment to continue investing in state-of-the-art technology that provides the reliable, efficient, and safe transit services our customers have come to expect."

The new "Z-Tech" tugs, Darien, Veraguas I and Bocas del Toro, represent the first three of eight tugs that will replace older boats within the Canal's current fleet of 24 units. The remaining five tugs are scheduled to arrive between November 2007 and February 2008.

Built using the award-winning "Z-Tech" design from Robert Allan, Ltd. and PSA Marine, these tugs combine both the handling of a tractor-style tug and an Azimuth Stern Drive tug. Each "Z-Tech" tug measures 27.4 meters in length overall and 11.65 meters in beam, with a bollard pull of 61 tons. Additionally, the engines of the new tugboats have the capacity to accelerate from standstill to full ahead in less than 20 seconds, without heavy smoking.

 

 

DANI KUZNIECKY OFFICIALLY INAUGURATED AS HEAD OF PANAMA CANAL AUTHORITY BOARD OF DIRECTORS

Former Comptroller General Dani Ariel Kuzniecky Barsky officially assumed his new position as chairman of the Panama Canal Authority (ACP) Board of Directors at an inaugural ceremony conducted at the presidential palace last Monday.

At the inauguration, Mr. Kuzniecky, who will concurrently hold the rank of Minister for Canal Affairs, stated that "one of my commitments will be to preserve the pride and international prestige that Panama has gained as a result of the ACP's management of the waterway."

Panamanian President Martín Torrijos Espino had previously expressed that Mr. Kuzniecky's appointment is significant since "the Canal expansion is the most important project for this government and the country."

Among the first duties in his new role, Mr. Kuzniecky headed an ACP commission to present the second quarterly expansion report to the National Assembly of Panama.

He also presided over the ACP Board of Directors meeting, where the proposal to restructure the Panama Canal's pricing system for the next three years was approved. Following the decision made by the Board, Mr. Kuzniecky submitted the proposal to the Cabinet Council of the Republic of Panama, which later provided final approval on the proposal Wednesday afternoon.

A partner at Kuzniecky & Levy Co., Mr. Kuzniecky received his M.S. in comparative jurisprudence from New York University. He conducted post-graduate work at Harvard Law School and earned a degree in law and political science from the Universidad Santa Maria La Antigua - Panama.

During his service to the government, the National Assembly of Panama appointed Mr. Kuzniecky as Comptroller General of Panama, a position he held from January 2005 until April 2007. In this role, he presided over the Central American and Caribbean Superior Comptroller Entities (OCCEFS) and acted as Executive Secretary of the Latin American and Caribbean Superior Comptroller Entities (OLACEFS).

Moreover, he is a member of various professional organizations including the International Association of Attorneys, International Association of Hebrew Attorneys and Jurors and the National College of Attorneys. In 2006 he received the "Complete Attorney of the Year" Award by the Universidad Santa María la Antigua.

Mr. Kuzniecky sits on the Nutrehogar Board of Directors and has served as professor of philosophy and law at the Universidad Santa María La Antigua.

A published author of children's books, he is married and the father of three children.

 

 

ACP BOARD OF DIRECTORS APPROVE CANAL TOLL INCREASE EFFECTIVE JULY 1, 2007

 

Implementation Of New Pricing For Certain Segments Moved From May 2007 To July 2007, In Response To Industry Requests;  New Tolls Move The Canal’s Price Closer To The Value Of Service Provided

 

Following a recommendation from the Board of Directors of the Panama Canal Authority (ACP), the Cabinet Council of the Republic of Panama yesterday approved the proposal to restructure the Panama Canal’s pricing system and certain regulations.

             

On February 2, 2007, the ACP announced its desire to move toward a charge that moves closer to the commercial value of the service and route. After a more than 30-day public consultation period, in which a total of 21 written submissions were received, the ACP conducted a hearing on March 14 where a total of 14 representatives from shipping and government expressed their views. 

             

On April 5, in response to industry requests, the proposal was slightly modified: implementation of the new charges, for certain segments, was postponed from May 2007 to July 1, 2007. These segments include: general cargo, dry bulk, tankers and vehicle carriers. Due to this modification, the issue was reopened for public comment for a 15-day period. A total of 10 written submissions, in both English and Spanish, were received by the ACP from various individuals and groups.

             

Refrigerated cargo and passenger vessels will maintain the implementation date of October 1, 2007. Additionally, container ships will maintain the implementation date of May 1, 2008. The toll of $54 per TEU for container ships and other vessels with on-deck container carrying capacity, approved in 2005, remains on schedule to become effective May 1, 2007.

             

“With the new pricing system, the Canal is charging its customers a price closer to the value of services provided. We reached this decision through an open and transparent process, providing the industry with multiple opportunities to comment. The new system, approved yesterday by the Cabinet Council, reflects this open dialogue, incorporating several of the requests we received from the industry over the past few months,” said ACP Administrator/CEO Alberto Alemán Zubieta.  

             

As the world becomes more interconnected – barriers dropping, tariffs reduced – the value of the Panama Canal and its role in the global supply chain continues to grow. Shippers moving goods from the U.S. Gulf Coast to Asia can save up to 10 voyage days via the Panama Canal, and vessels traveling from the West Coast of South America to the U.S. East Coast shave an estimated eight to 16 voyage days compared to alternative routes. Given the cost increases in shipbuilding, fuel and vessel operations, the route through the Panama Canal has significantly increased its value to its users.  

             

Details on the new pricing system can be accessed, in English and Spanish, at www.pancanal.com. Significant elements include:

 

Maximum Displacement Draft vs. Arrival Draft: Vessels will be charged based on their displacement to simplify and streamline the process. This charge will now be based on the maximum displacement draft instead of the arrival displacement to assess tolls according to the specified tonnage rate.  

             

Administrative Changes: Some administrative changes have been made, but these changes will have no economic impact whatsoever. These revisions provide necessary linguistic and grammatical clarifications to the document or reinsert missing words to processes and procedures. 

             

Passenger Vessels: Regarding passenger vessels, an assessment of tolls will be based on maximum passenger capacity. In general, under this change, large vessels will be charged tolls on a per berth basis, and smaller ships will continue under the Canal tonnage tolls system. These changes are largely due to suggestions from industry representatives – another example of the ACP listening to the industry. 

             

Tolls: The adjustment and implementation dates of the new toll rates will depend on the vessel type/segment, e.g. container vessels, passenger vessels, general cargo, refrigerated cargo, dry bulk, tankers and vehicle carriers. On average, there will be a 10 percent increase per year over the next three years. Yesterday’s announcement marks the first toll increase in the last four years. In 2005, the ACP adjusted tolls for container ships and other vessels with on-deck container carrying capacity.