BOYD

STEAMSHIP CORPORATION

AGENTS AT THE PANAMA CANAL

FOUNDED IN 1909

 

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

 

PANAMA CANAL NEWS

 

July 15th, 2007

 

TENTATIVE SCHEDULE OF LOCKS MAINTENANCE WORK FOR FY 2007.

 

MONTHLY CANAL OPERATION SUMMARY – JUNE 2007

 

LOCKS LANE OUTAGE AND PANAMA CANAL AUTHORITY TRANSIT RESERVATION SYSTEM

 

PANAMA CANAL BOARD OF DIRECTORS, ADVISORY BOARD MEET IN SHANGHAI TO DISCUSS EXPANSION PROGRESS AND CURRENT TRENDS IN THE MARITIME, SHIPPING INDUSTRY

 

 

 

 

 

TENTATIVE SCHEDULE OF LOCKS MAINTENANCE WORK FOR FY 2007.

 

 

 

 

 

MONTHLY CANAL OPERATION SUMMARY – JUNE 2007

             

 

 

LOCKS LANE OUTAGE AND PANAMA CANAL AUTHORITY TRANSIT RESERVATION SYSTEM

 

Beginning Wednesday, July 11, 2007, at 0001 hours through Friday, July 20, 2007, at 2359 hours (10 days), restricted lockages will be performed in the EAST lane of Miraflores Locks. Relay operations will be conducted on the WEST lane. These restricted lockages are necessary in order to perform tow track repairs on the centerwall close to Miter Gates 113 and 117.

 

In addition, beginning Wednesday, July 11, 2007, at 0001 hours through Friday, July 13, 2007, at 2359 hours (3 days), the EAST lane of Pedro Miguel Locks will be out of service. Closing the East lane of Pedro Miguel Locks is necessary in order to prepare for the dry chamber work to be performed on Miter Gates 50, 51, 62, and 63.

 

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 on July 11, 2007 through 2359 hours on July 13, 2007, Condition 2 will be in effect;

             

            • From 0001 hours on July 14, 2007 through 2359 hours on July 20, 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 July 8, 2007. The booking slot available through the Auction Process will continue to be offered during this period.

 

PANAMA CANAL BOARD OF DIRECTORS  AND ADVISORY BOARD MET IN SHANGHAI TO DISCUSS EXPANSION PROGRESS AND CURRENT TRENDS IN THE MARITIME, SHIPPING INDUSTRY

 

The Panama Canal Authority (ACP) Board of Directors and Advisory Board met in Shanghai, China from June 11-12 to analyze the progress of the expansion project and other major projects underway at the Panama Canal. The Advisory Board plays an important role as the Panama Canal strives to best serve global trade and commerce. China is the second largest user of the Panama Canal after the United States.

 

ACP Administrator/CEO Alberto Alemán Zubieta briefed the Advisory Board, composed of business, maritime and trade experts, on key Canal issues, while the group discussed strategy and current trends in the maritime and shipping industries. The meeting was jointly presided over by Panamanian Minister for Canal Affairs and ACP Board of Directors Chairman Dani Ariel Kuzniecky and Advisory Board Chairman and former Secretary-General of the International Maritime Organization William A. O'Neil.

 

During the meeting, Mr. Alemán also briefed participants on the advances made for the expansion project. Since the October 22, 2006 referendum that approved the waterway's expansion, the ACP has assembled an experienced internal team to manage the historic undertaking, hired legal and financial advisors, hosted various conferences to communicate to potential contractors the essential details of the project, and released preliminary tenders, such as the tender for the program manager and the tender for the north Pacific channel dry excavation. The expansion will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, which will double capacity and allow traffic of larger ships.