AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
(From Lloyds List)
Byline: From Jorge L Quijano
Letters To The Editor
SIR, I wish to clarify the erroneous statement made by members of the Transpacific Stabilisation Agreement, as reported in your article 'Congestion set to trigger transpacific rate rise' (Lloyd's List, September 24).
In the piece, the TSA claims that the Panama Canal 'has reached saturation levels' and 'cannot take any more ships'. Nothing could be further from the truth.
The Panama Canal has not reached maximum capacity. Since 1996, the Panama Canal Authority (ACP) has implemented an aggressive permanent modernisation programme aimed at increasing capacity to meet growing demand from our customers.
To date, the ACP has successfully completed several projects to increase capacity, including widening the Gaillard Cut, deepening the navigational channels, acquiring new equipment and machinery, adding state-of-the-art navigation aids and vessel tracking systems, augmenting the tugboat fleet by 41% with more manoeuverable and powerful units and replacing locomotives and their tow tracks among others.