PANAMA CANAL NEWS

ACP implements temporary measures
to help mitigate impact of economic crisis Tugboat fleet upgraded
To hp its cits mitigate the effts of the global Bc mic cris, In Apni the ACP added five n unite to s tug t, bringngth
the Panama Canal Atho (ACP implemented a set of temporay total to 31 units The equ men, purchased from Chey Le
measures, in eifet om June 1 through September 30, 2009. The Shipyads, Ld, ha an output capacity of 4,800 hrse pwe and a
mares wll esult in ct sangs o customers, demonstrat-ng the ard pull o more than 60 metc tons Tugbpts assist ships durng
ACP nsitivy to cient needs during these unce-ain onomic theirtransi thrgh the CPal, main when entng and IAng the
times locks ad during their transits through the Gaillad Cut, were great
man erabity and power are equred
e ACP nw apples he blast (ships ,thout go) toll rae of
$57. per twenty-foo euient unit TEU to full containeships Thireen additional units are scheduled to begin aing in Seember
carrying a to amount of TEUs equal to o less than 30 percent of 2010 he ACP pans to have a total flt of 46ugs by 2014, as the
e total TEU capacy. The ballast rate is $1440 less thn the $72 new oks I use tugboats for positioning vesses within the
laden (ships with cargo) rate. chambers.

In addition, the ACP Ms temporary defied the reaction system
o rovdeor
1. Rad ions in the resea aion fee, whih vanes acordng to
vessel size Fr emple this change reduces the base
reseration pe for a per vessel ta beam greaer thm or

by S5,00
e eual to 10 f and a I ogth greSt e thru or eual to 9 feet

2. Percentageredutim s in he ate aeivalif forvess tht fa l
o are on haule but awsh to kee ther re seatio and
transit that me day
3. Rexbity for making slot subtitutions tout addital costs
up to 30 days bere the date of a vess0's transit re1us-y,
customers could make such requests thou an additional N-b-I
chage as ng as he request was made at est days por to
the date of transit
Fo additiona information, please sit wparcanal com ad ref
to ,ry to Shippig No 07 200

Panamanian President-elect appoints new Board of Directors Chairman

EIective Juy 1, 2O9. R-muo Roux ll take the helm as concu-ent ACP Board of Dirtors Chairman and Minser for Canal
Aairs Mr Roux was appointed by Panamanin Presdent -elect Rica~do Manei who won a democrat election May 3 and
ed the ACP ard from September 1999u gh Januay 2003
Mr ROa is an atorroe specaling in biiness and cporrate aw He hds a chelos of Sience degree in maeting (Magna
Cum Laude) frn Babs College a Juns octor (Cum aude) from thme Unem of Mami, and a Mastes of Business
ministration degre fom Norhwestern Univasity

1_1

aW-aSE 3

Panama Canal and U.S. ports seal
strategic alliances

e ACP rece n signed Memorandums of Urlerstanding with the
PladelphWa Regon Po Aut oriy Port Manaee and the Marand
P Adm nistration The strategy aiaMe, designed to spur growth
at 1capialzonthePatna Cana expanson, aowthei CPand
the ports to undertake joint marketing atvitis. and encourage the
exchaeof infatim and business insight.
The agreements de state ech organizations commitmt to
fuher trade and met the needs of todays mantime and shipping
id usties sad ACP Admnistrat /CEO Alerto Alemn Zubeta
tWith the curent ecoomic mate, it has never been more
important to provide opimal customer seice, and these
agreements will enable us to ful operate and work together for
continued trade between sia, Latin nenca and te United States

Modernization program reaps benefits
Over the past few yea, the ACP has invested $320 miion in
upgading the existing Cal to provide addition capacity ad a
-afer more reiable d mee erf ient sev to its customers Ae
improvemens include an enhanced Ighting system in the Canals
Acmk a new trax d tumtabe syem the acquision of
tugboats; two tieup stations; and the replacement and
reonstrucon of the ACPs launch tlee
The mdemzation program tinues to reap 1he enests of the
ACPs investments and today the waterway is able to transit two
addition vrsls day avng th time and m-ey

Expanding the Panama Canal:
Progress to date

Wih te evaluation of the technical opoA s for the design and
construction of the new ioks underway, the Panama Canal
Expansion Program remains on track, IIe ACP plans to open the
pce pa sals and award th ctract by the hird quarter of
2009 e new ocs l be capable of handing vesses up to 366
mete legh orall, 49 meters n bam and 15.2 mete of
tropical freshwater draft Three international consort representing
top engineering fims from around the word are wing for this
cI tract the largest under the Camhs $5.25 bio expansion

In addition d excvatii m wo ntinues for the creation ol the

Gaillard Cut (the narrowest stretch in the Panama Canal) Thre
contract-s are working on the four-pha project Panamanian
companyConsctora Urana S.A in charge of the first phase has
removed 71 miion cubic mete out of the 74 mii cubic mete
oe material a reuired under the contract Additionally te ctractor fo
the secad phase, sa Panama-Minera Mara, has removed 5.1
mion cubic meters -t of the 75 mion under its contract
Const-ctora M.- which was awarded te third phase of d e
Pacrc Acce Canne excavat, renty c minced 0is wo rk

Dredging Inteational who rteived the contract to dredge the
Pacific sea entrance navigationa channel has removed 24 millim
cbic eters of mtenal o the 9 1 mi n under the contract. e
dredging work should cohCLde by 2012

The ACP expects to complete expansion by 2014, which when
comped, i1 accommodate 1 ontaner v-sels of up to 126O
TEUs in size 170,00 deadweight tonrage

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