PRESENTATION CONTENTS - · PDF filePRESENTATION CONTENTS Objective: ... Single Hull - Oil...

1

PANAMA MARITIME AUTHORITY

UPDATE

Prepared for:

INTERTANKO

LATIN AMERICAN PANEL

PRESENTATION PRESENTATION CONTENTSCONTENTS

Objective:Objective: To update the distinguish INTERTANKO panel on the changes To update the distinguish INTERTANKO panel on the changes and projects in the Panamanian Administration.and projects in the Panamanian Administration.

Contents:Contents:I.I. New registry requirements to for tankersNew registry requirements to for tankersII.II. CircularsCircularsIII.III. Casualty SectionCasualty SectionIV.IV. ComplianceCompliance SectionSectionV.V. Segumar Office RestructureSegumar Office RestructureVI.VI. Port State Control SectionPort State Control SectionVII.VII. SurveyorSurveyor’’s Trainings TrainingVIII.VIII. MARPOL 73MARPOL 73--78 Section78 SectionIX.IX. SystematizationSystematizationX.X. New buildingNew buildingXI.XI. Satellite MonitoringSatellite MonitoringXII.XII. Audits to Recognize OrganizationsAudits to Recognize OrganizationsXIII.XIII. Audits Audits byby International Maritime OrganizationInternational Maritime OrganizationXIV.XIV. New Changes to International RulesNew Changes to International Rules

NEW REQUIREMENTS FOR NEW REQUIREMENTS FOR REGISTRATION OF TANKERSREGISTRATION OF TANKERS

New procedures have been taking into account, New procedures have been taking into account, specially in regard to the technical compliance specially in regard to the technical compliance

of tankers before the registration.of tankers before the registration.

OBJETIVESOBJETIVES::Factual control over the fleetFactual control over the fleetFull oversight in technical aspects and structural Full oversight in technical aspects and structural condition.condition.To offer an easy and safe process of registration To offer an easy and safe process of registration according to the applicable requirements. according to the applicable requirements.

NEW PROCEDURES FOR THE EVALUATION NEW PROCEDURES FOR THE EVALUATION OF TANKERSOF TANKERS

SubmissionSubmission of the Technical Documentsof the Technical DocumentsEstablish the specific type of shipEstablish the specific type of shipIn case of Oil Tanker, require IOPP certificate and Form In case of Oil Tanker, require IOPP certificate and Form BBIn case of Ship other than Oil tankers, require IOPP In case of Ship other than Oil tankers, require IOPP certificate and Form Acertificate and Form AAnalyzing the IOPP certificate, we determine the hullAnalyzing the IOPP certificate, we determine the hull’’s s type (single or double), or the configuration and subtract type (single or double), or the configuration and subtract off the principal facts of the vesseloff the principal facts of the vesselIn case of single hull Oil tanker, we request for the In case of single hull Oil tanker, we request for the necessary documents to complete the evaluation necessary documents to complete the evaluation

Once evaluated, the technical department issued a Once evaluated, the technical department issued a statement, and record it on the Data base as, well as statement, and record it on the Data base as, well as proceed to authorized or reject the registration proceed to authorized or reject the registration applicationapplication

2

REGISTRATION ACCORDING SHIPREGISTRATION ACCORDING SHIP’’S S TYPE (tankers)TYPE (tankers)

**some additional documents are required according the shipsome additional documents are required according the ship’’s types type

OIL TANKERS or OIL/CHEMICAL TANKERSOIL TANKERS or OIL/CHEMICAL TANKERSTanker of 5000 tons deadweight and aboveTanker of 5000 tons deadweight and aboveTanker of 600 tons deadweight and aboveTanker of 600 tons deadweight and above butbut lessless thanthan 5,0005,000

CHEMICAL TANKERSCHEMICAL TANKERSLPG or LNG TANKERSLPG or LNG TANKERSOTHER CARGOSOTHER CARGOSSUPPLY VESSELSSUPPLY VESSELS

Carrying oil productsCarrying oil productsNot carrying oil productsNot carrying oil products

SELF PROPELLED BARGESSELF PROPELLED BARGESNONNON--SELF PROPELLED BARGESSELF PROPELLED BARGES

OIL TANKER OR OIL & CHEMICAL TANKER OIL TANKER OR OIL & CHEMICAL TANKER –– SINGLE SINGLE HULLHULL

(5000 ton and above)(5000 ton and above)*technical documents required for registration*technical documents required for registration

IOPP Certificate *IOPP Certificate *and Form Band Form B

Class CertificateClass CertificateCapacity plan/MidCapacity plan/Mid--ship sectionship sectionGeneral arrangement planGeneral arrangement planDate to complete the CASDate to complete the CASDeclaration of productsDeclaration of productsSMC, DOC, ISSCSMC, DOC, ISSCSAFCON CertificateSAFCON CertificateBlue cardBlue card

CHEMICAL TANKERS; LPG CHEMICAL TANKERS; LPG oror LNG TANKERS ; LNG TANKERS ; OTHER CARGOS, SUPPLY VESSELOTHER CARGOS, SUPPLY VESSEL

** carrying cargoes other than oil productscarrying cargoes other than oil products

IOPP certificate *and form a IOPP certificate *and form a Class certificate Class certificate Declaration of the ship service and products (by Declaration of the ship service and products (by owner)owner)Document of compliance (DOC)Document of compliance (DOC)Safety management certificate (SMC)Safety management certificate (SMC)In case of exemptions for chemical tankers or In case of exemptions for chemical tankers or oil/chemical tankers is required:oil/chemical tankers is required:

Copy of the certificate of fitness for the carriage of dangerousCopy of the certificate of fitness for the carriage of dangerousgoods in bulk (COF)goods in bulk (COF)Steel exp. plan, / Midship sectionSteel exp. plan, / Midship sectionStatement of class society indicating the vessel is in Statement of class society indicating the vessel is in compliance with all the technical requirements applicable compliance with all the technical requirements applicable under regulation 4.1.3 MARPOL 73/78, Annex IIunder regulation 4.1.3 MARPOL 73/78, Annex II

NONNON--SELF PROPELLED SELF PROPELLED BARGESBARGES

CLASS CERTIFICATECLASS CERTIFICATE

IN CASE OF CARRYING OIL PRODUCTS, IT HAS TO IN CASE OF CARRYING OIL PRODUCTS, IT HAS TO COMPLY WITH ALL THE REQUIREMENTS OF AN OIL COMPLY WITH ALL THE REQUIREMENTS OF AN OIL TANKER (PROVIDE THE DIMENSIONS AND TANKER (PROVIDE THE DIMENSIONS AND CARRYING CAPACITIES)CARRYING CAPACITIES)

IN CASE OF CARRYING CHEMICALS, or CARGOS IN CASE OF CARRYING CHEMICALS, or CARGOS DIFFERENT THAN OIL PRODUCTS, SHALL COMPLY DIFFERENT THAN OIL PRODUCTS, SHALL COMPLY WITH ALL THE REQUIREMENTS APLICABLES TO WITH ALL THE REQUIREMENTS APLICABLES TO SHIPSHIP’’S OTHER THAN OIL TANKERSS OTHER THAN OIL TANKERS

SINGLE HULL vs DOUBLE HULL STADISTIC ON 2006

45%

55%

Single Hull - Oil TankersDouble Hull - Oil Tankers

This administration expects to convert the % ratio to double hull according to the phase out between 2008 and 2010

This administration expects to convert the % ratio to double hull according to the phase out between 2008 and 2010

0102030405060708090

oil tkr &combination

tkr

FPSO FLS tkr

STADISTIC OF VESSELS EVALUATED ACCORDING TO THE NEW

REQUIREMENTS IN 2006oil tkr & combination tkrFSU chemical tkrFPSOLNG tkrLPG tkrFLS tkrOil Barge

3

SOME INDUSTRY COMMENTSSOME INDUSTRY COMMENTS

Some parties in the industry have criticized Some parties in the industry have criticized the prior registration an monitoring the prior registration an monitoring requirements, in particular those pertaining requirements, in particular those pertaining oil tankers.oil tankers.

SOME SAMPLES OF RESOLTIONS AND SOME SAMPLES OF RESOLTIONS AND TECH.CIRCULARS ISSUED RELATED TO TECH.CIRCULARS ISSUED RELATED TO

TANKERS AND OTHER SHIPSTANKERS AND OTHER SHIPSCircular 101Circular 101--0303--009009--SDGMM and Resolution No. 106SDGMM and Resolution No. 106--5151--DGMM / DGMM / April, 2005April, 2005 (Implementation of the new amendments to the MARPOL (Implementation of the new amendments to the MARPOL Convention)Convention)Circular No. 106Circular No. 106--0303--DGMM, June 2006,DGMM, June 2006, (Registry Procedures for (Registry Procedures for Oil Tankers)Oil Tankers)Circular 101Circular 101--0303--1010--SDGMM, June, 2005;SDGMM, June, 2005; (Annex VI, MARPOL (Annex VI, MARPOL ““Air PollutionAir Pollution””) ) Circular 101Circular 101--0303--007007--SDGMM, April, 2006;SDGMM, April, 2006; ((Necessary documents to Necessary documents to complying with CAS)complying with CAS)Merchant Marine Circular No.143, April, 2005;Merchant Marine Circular No.143, April, 2005; (Condition (Condition Assessment SchemeAssessment Scheme))Merchant Marine Circular No. 147, January, 2007;Merchant Marine Circular No. 147, January, 2007; (IBC Code and (IBC Code and Annex II MARPOL Amendments)Annex II MARPOL Amendments)Merchant Marine Circular No.148, January, 2007;Merchant Marine Circular No.148, January, 2007; (Annex I(Annex IMARPOLMARPOL ““Oil record Book AmendmentOil record Book Amendmentss’’’’))

CASUALTY SECTIONCASUALTY SECTIONCREATION OF CASUALTY CREATION OF CASUALTY

SECTIONSECTION

Background: In 2004 a serious evaluation and Background: In 2004 a serious evaluation and compromise was made to create a separate body fully compromise was made to create a separate body fully dedicated to investigate casualtiesdedicated to investigate casualtiesObjective: To comply with SOLASObjective: To comply with SOLAS´́74 R 21 and 74 R 21 and resolution A.849(20) as amended.resolution A.849(20) as amended.To evaluate and subtract lessons and avoid recurrence To evaluate and subtract lessons and avoid recurrence in the future.in the future.

18

28 2621

29

22

32

19

2730 30

20

0

510

15

2025

3035

MONTHLY

Casualty Stadistics 2006 JanFebMarAprMayJunJulAugSeptOctNovDec

TYPES OF INITIAL EVENTS TYPES OF INITIAL EVENTS -- 20062006

514

27

2 7 7 3 112

72

17 24 27

51

2

31

0

20

40

60

80

Collision Contac N/DeathFire/Explo. Grounding Bad weatherStructural damage Sinking IncidentS/G Prob Engine trouble Serious injuryInmovilization Terrorist act Others

4

CASUALTY CONSEQUENCESCASUALTY CONSEQUENCES

34 36

17 1919

42

1417

5 3

68

0

10

20

30

4050

60

70STRUCTURAL DAMAGE

DRYDOCK REPAIRS

TOTAL LOSS

LOSS OF LIFE

PERSONS MISSING

TUG ASSISTANCE

REFLOAT

POLLUTION

EXPLOSION

SERIOUS INJURY

NONE

TYPES OF CASUALTIES ACCORDING TO TYPES OF CASUALTIES ACCORDING TO RESOLUTION A.849 (20) ON 2006RESOLUTION A.849 (20) ON 2006

6677

159

0

20

40

60

80

100

120

140

160

Veryserious

Serious MaritimeIncidents

Very seriousSeriousMaritime Incidents

INVESTIGATION ACCOMPLISHEDINVESTIGATION ACCOMPLISHED

53

61

4850525456586062

INVESTIGATIONFINALIZED

INVESTIGATIONUNDER PROCESS

TYPES OF VESSEL INVOLVED IN CASUALTIESTYPES OF VESSEL INVOLVED IN CASUALTIES

16%

17%

16%

5%3%

6%9% 8% 2%

11%

6%1%

Barge

General CargoCargo

RO-ROCement Carrier

Chemical TkrDiving Vessels

Carga GeneralSeaplane

TankersDredger

Supply

Causes Causes of Casualtiesof Casualties

22

78

11 1216

139

100

20

40

60

80

100

120

140Not properly trained crew

Improper maneuver

Poor Maintenance ofEngines

Fault on the acustic signs

Insufficient Confirmationof the Ships positions

Poor Maintenance ofVessels

Human error

Others

Compliance DepartmentCompliance Department

OBJETIVESOBJETIVES: : To ensure the correct enforcement of To ensure the correct enforcement of ratified International and national regulationsratified International and national regulations..FUNCTIONSFUNCTIONS: : Coordinate the position of the Coordinate the position of the administration about new regulations in full administration about new regulations in full coordination with IMO permanent mission staff.coordination with IMO permanent mission staff.Point of contact for communication exchange with Point of contact for communication exchange with international organization and Administration.international organization and Administration.Development of new technical guidelines Development of new technical guidelines IMO Voluntary Audit scheme preparationIMO Voluntary Audit scheme preparationAssuring quality system includes safety, environmental Assuring quality system includes safety, environmental

policies and controls.policies and controls.

5

SegumarSegumar Office RestructuresOffice Restructures

New technical and administrative staff was New technical and administrative staff was hired to improve the servicehired to improve the serviceNew paperless and electronic data base New paperless and electronic data base system was createdsystem was createdNew New SegumarSegumar offices in Asia as another offices in Asia as another pillar to offer a better servicepillar to offer a better service

PORT STATE CONTROL PORT STATE CONTROL SECTIONSECTION

A separate section was created to segregate Flag State Inspections, Inland ships inspectors and others to carry out inspections and monitor the compliance of the Panamanian ships and foreign vessels calling in our ports.

PORT STATE CONTROL PORT STATE CONTROL SECTIONSECTION

Inspect foreign vessels.Inspect foreign vessels.

Analyzed PSC detentions made to Panamanian Analyzed PSC detentions made to Panamanian vessels.vessels.

Analyzed Contraventions made by Panamanian Analyzed Contraventions made by Panamanian vessels.vessels.

Suggest penalties to vesselSuggest penalties to vessel’’s operators that do not s operators that do not comply with PSC requirements.comply with PSC requirements.

Make sure that the vessels correct every deficiency Make sure that the vessels correct every deficiency found by PSC authority.found by PSC authority.

Appeal if no ground for detention was foundAppeal if no ground for detention was found0

5

10

15

20

25

30

35

Jan-Mar Apr-Jun Jul-Sept Oct-Dec

LOCAL PORT STATE CONTROL STADISTICS (2006) 3/M COMPARISON

InspectionsDeficiencyNo DeficiencyDetained

NOTE: This graphic reveals the PSC inspections made by the Panamanian Authority.

0100200300400500

2004 2005 2006

MOU´S PSC DETENTIONS RECIEVED IN PANAMA

ACCORDING TO THE YEAR OF CONSTRUCTION

20 YEARS & ABOVE BETWEEN 15 & 20 YEARS BETWEEN 10 & 15 YBETWEEN 5 & 10 Y BETWEEN 0 & 5 Y

PORT STATE CONTROL INSPECTIONS PORT STATE CONTROL INSPECTIONS CARRIED OUT TO PANAMA VESSELSCARRIED OUT TO PANAMA VESSELS

0

1000

2000

3000

4000

5000

6000

7000

2000 2001 2002 2003 2004 2005

PARIS MOU

TOKYO MOU

USCG

INDIA MOU

NOTE: Information take from MOU’s annual reports.

6

PORT STATE CONTROL DETENTION CARRIED OUT TO PANAMA FLAG

VESSELS

0

50

100

150

200

250

300

350

400

2000 2001 2002 2003 2004 2005

PARIS MOU

TOKYO MOU

USCG

INDIA MOU

VIÑA DELMAR

NOTE: Information taken from MOU´s annual reports.

PORT STATE CONTROL DETENTION RECEIVED IN PANAMA

0

50

100

150

200

250

300

2000 2001 2002 2003 2004 2005 2006

ABUJA MOU

BLACK SEA

CARIBBEAN

INDIA MOU

MED MOU

PARIS MOU

TOKYOMOU

USCG MOU

VIÑA MOU

NOTE: Information taken from Panama Port State Control data base, which is made according to the amount of PSC detention reports received from MOUs, ships o any other company involved

INSPECTORS TRAININGINSPECTORS TRAININGAdvance Port state Control Inspection

Ships Structure

Welding

Inspections of LPG

Ultrasonic Inspections and NDT

Inspections of Oil tankers and Bulk carriers

Plans and drawings interpretation

Casualties investigation

Load Lines Calculation

Tonnage calculation

Annex VI

ISM/ISO

CREATION OF MARPOL 73/78 CREATION OF MARPOL 73/78 SECTIONSECTION

CAS evaluation *CAS evaluation *((CAS CAS authorization and issuance ofauthorization and issuance of the the Statement of Compliance)Statement of Compliance)

Extension and Exemption Extension and Exemption **(Issuance of Extension or Exemption Certificates)(Issuance of Extension or Exemption Certificates)

Annex VI Annex VI Annex II *Annex II *(and IBC Code new amendments)(and IBC Code new amendments)

IOPP evaluation *IOPP evaluation *(Necessary evaluation of registered and new registry tankers)(Necessary evaluation of registered and new registry tankers)

SYSTEMATIZATIONSYSTEMATIZATIONOBJETIVES:OBJETIVES: To introduce To introduce an easy and secure electronic system an easy and secure electronic system to offer a better service up grating the modern maritime fieldto offer a better service up grating the modern maritime fieldADVANGES:ADVANGES:PaperPaper--less less officeoffice24/7 24/7 call center support for technical and registration aspects, call center support for technical and registration aspects, E learning, E learning, Online consulting, Online consulting, Instant answers, Instant answers, More control,More control,Secure issuance of documents for ships and seafarers with the laSecure issuance of documents for ships and seafarers with the latest test technology, technology, Centralized information, Centralized information, 75% reduction in answering time, 75% reduction in answering time, Online connections with consulatesOnline connections with consulates

Timing:•Phase 1: includes General Directorate of Seafarers

•Phase 2: Includes General Directorate of Merchant Marine

•All phases are estimated to be finalized in 2008

Cost:13 Millions USD

7

NEW OFFICES PROJECT15M SATELLITE MONITORINGSATELLITE MONITORING

ACP (Panama Canal Authority) and the PMA ACP (Panama Canal Authority) and the PMA are developing a project to create a high tech are developing a project to create a high tech center in order to control all the marine traffic center in order to control all the marine traffic within the Panama water and in international within the Panama water and in international waters to all ships registered under our flagwaters to all ships registered under our flagThe cost is calculated in an initial investment of The cost is calculated in an initial investment of $600,000.00 and a monthly cost of $40,000.00 $600,000.00 and a monthly cost of $40,000.00 per monthper month

AUDIT TO RO´S• With the aim to ensure full compliance with the duties

delegated the PMA started an audit program scheme to be finalized in 2008

• Actually 9 audits has been carried out• The audits are based in the Resolutions JD 0-19 of

December 2005 A.739(18) and A.789(19)• The results of the audits will cause the appropriate

evaluation by the technical board of approvals, willing to minimize, cancel or extend the responsibilities delegated.

• IACS may receive similar treatment, however not full acceptance and cooperation with the initiative has been received from the secretariat.

VOLUNTARY IMO MEMBER STATE AUDIT

• Panama has just submitted the formal documents confirming the postulation to be audited as per the IMO audit scheme.

• Few personnel has also being appointed by the PMA as qualified personnel to compose the pull of auditors.

• A preparation process and assessment has been launched with an approximate cost of $200,000.00

• Among other cost, we estimate those about 2.3 Millions for the preparation and the audit itself.

NEW CHALLENGES IN THE NEW CHALLENGES IN THE INTERNATIONAL RULESINTERNATIONAL RULES

SOLAS 88 Protocol LL88 Protocol RatificationSOLAS 88 Protocol LL88 Protocol RatificationLRIT (Cost clarity; Design by COMSAR, Position of PMA, 2008)LRIT (Cost clarity; Design by COMSAR, Position of PMA, 2008)MODUS (New Flag State Alternatives)MODUS (New Flag State Alternatives)Protective coating MSC circ 216/215 (Extensive to all ships)Protective coating MSC circ 216/215 (Extensive to all ships)BWM (Special considerations to safety factors, T of crew and PSCBWM (Special considerations to safety factors, T of crew and PSC))Explosions in tankersExplosions in tankers IIWGIIWGGBS/CSR (IACS) GBS/CSR (IACS) Uniformed rules for structural aspects in special to Uniformed rules for structural aspects in special to corrosion factor and permissible diminutions thickness limits acorrosion factor and permissible diminutions thickness limits and long nd long stress analysis.stress analysis.Ship to ship transferShip to ship transferLife boat safety difficulties of implementing Circ 1206 as well Life boat safety difficulties of implementing Circ 1206 as well as new as new precautionsprecautionsISM (New project to study the impact of it and the human factor)ISM (New project to study the impact of it and the human factor)Air Emissions Annex VI: controls in the local bunker industry anAir Emissions Annex VI: controls in the local bunker industry and clear d clear application of it in PSC inspectionsapplication of it in PSC inspectionsShip Recycling (clarity in liabilities and responsibilities)Ship Recycling (clarity in liabilities and responsibilities)

PANAMA MARITIME AUTHORITY

Thank you for your attention !

Mar. 27, 2007

GENERAL DIRECTORATE OF MERCHANT MARINE

8

Panama Canal Expansion: Increase in Route Value

and Service to World Maritime Industry



Alberto Alemán ZubietaCEO/Administrator

Panama Canal Authority



1999 – World expectation onPanama’s capacity to manageand operate the PanamaCanal.

1999 – World expectation onPanama’s capacity to manageand operate the PanamaCanal.

Main Differences inBusiness Models

MainMain DifferencesDifferences ininBusinessBusiness ModelsModels

USA PCCForeign enclave Managed by its principal userResponded to US interestsNon-profitable agencyBudget administrationAmple capacityNear monopoly

USA PCCForeign enclave Managed by its principal userResponded to US interestsNon-profitable agencyBudget administrationAmple capacityNear monopoly

PANAMA ACPInalienable patrimony ofthe Republic of PanamaAdministered by itsownersProfitable andcompetitive enterpriseResource ManagementOperates near capacityFaces increasecompetition

PANAMA ACPInalienable patrimony ofthe Republic of PanamaAdministered by itsownersProfitable andcompetitive enterpriseResource ManagementOperates near capacityFaces increasecompetition

September 7, 1977 - December 31, 1999 September 7, 1977 - December 31, 1999

USA PCC MISSIONUSA PCC MISSION

Ensure the safe and efficient operation of the Canal;

Take all appropriate steps to achieve a seamless transition to Panamanian control of the Canal on December 31, 1999.

Ensure the safe and efficient operation of the Canal;

Take all appropriate steps to achieve a seamless transition to Panamanian control of the Canal on December 31, 1999.

PANAMA ACP MISSIONPANAMA ACP MISSION

To produce maximum sustained benefit from our geographic position.

To produce maximum sustained benefit from our geographic position.

9

USA PCC Model

USA PCC Model

Panama ACP

Business Model

Panama ACP

Business Model

Transition in Business Model

Transition in Business Model

Break-Even OperationManaged by itsprincipal user

For Profit, andEfficient Operation

Managed by itsOwner

ACP Panama Canal Business ModelACP Panama Canal Business ModelThe Legal structure is based on:

The Constitution of the Republic of Panama

The Organic Law of the Panama Canal Authority

ACP regulations.

Some of the key elements of the Canal Business Model are:• The Canal constitutes an inalienable patrimony of the

Panamanian Nation.

• The Canal has to be efficient and profitable

• The Canal has its own patrimony and the right to manage it.

• Special employment regime based on the principles of merit andequal opportunity.

• Special procurement and contracting regime.

• Code of Ethics and Conduct.

• Special procedure for dispute resolution.

• Strikes are prohibited.

The Legal structure is based on:

The Constitution of the Republic of Panama

The Organic Law of the Panama Canal Authority

ACP regulations.

Some of the key elements of the Canal Business Model are:• The Canal constitutes an inalienable patrimony of the

Panamanian Nation.

• The Canal has to be efficient and profitable

• The Canal has its own patrimony and the right to manage it.

• Special employment regime based on the principles of merit andequal opportunity.

• Special procurement and contracting regime.

• Code of Ethics and Conduct.

• Special procedure for dispute resolution.

• Strikes are prohibited.

The Canal’s current legal framework changes the businessphilosophy to one oriented to enhance the value of the route by providing a safe, reliable andefficient service to its customerswhile generating a return to itsowner, The Republic of Panama.

Panama Canal ACP Business ModelPanama Canal ACP Business Model

– Dry bulk carriers– Container ships– Liquid bulk– Refrigerated cargo– Vehicle carriers– Passenger ships– General cargo– Others

2000 – Change in the reservation system rules

2002 – Tolls are modified for the first time under Panamanian administration. Differentiated market segment by type of vesselis established.

Panama Canal Change in Business ModelHistorical Background


2005 – Change in the admeasurement system of container vessels. The phased-in implementation over three years, is as follows:

May 2005 $42 per TEU.May 2006 $49 per TEU.May 2007 $54 per TEU.

April 2006 – Implementation of a daily reservation slot made availablethrough an auction process to the best bidder.



2007 - Proposal to Modify the Regulations forthe Admeasurement of Vessels for the

Panama Canal and the Panama Canal Tolls

2007 - Proposal to Modify the Regulations forthe Admeasurement of Vessels for the

Panama Canal and the Panama Canal Tolls

The proposal announced on February 2 includes:Administrative changes in the admeasurement RulesNew admeasurement method forpassenger shipsToll adjustment by segment

10

Transits vs. PCUMS Tonnage FY1916 - FY2006

Transits vs. PCUMS Tonnage FY1916 - FY2006

Fiscal YearFiscal Year2

00

62

00

6

Tran

sits

Tran

sits

PCU

MS

Tonn

age

in m

illio

nsPC

UM

S To

nnag

e in

mill

ions

14,194

296.3

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

191

61

918

192

01

922

192

41

926

192

81

930

193

21

934

193

61

938

194

01

942

194

41

946

194

81

950

195

21

954

195

61

958

196

01

962

196

41

966

196

81

970

197

21

974

197

61

978

198

01

982

198

41

986

198

81

990

199

21

994

199

61

998

200

02

002

200

4

0

50

100

150

200

250

300

2006

23,213

PCUMS Tonnage of Commercial Transits

DredgingDredging

LocomotivesLocomotives

Hydraulic ConversionHydraulic Conversion TechnologyTechnology Track systemTrack system Tug BoatsTug Boats

20002000 20012001 20022002 20032003 20042004 20052005 20062006

119119

1,3291,329

CAPITAL INVESTMENTCAPITAL INVESTMENT

Growth of Panamax Vessel Transits100’ (30.5m) + Beam

FY1995 – FY2006

Growth of Panamax Vessel Transits100’ (30.5m) + Beam

FY1995 – FY2006

3,69

53,

695

4,12

54,

125

3,81

63,

816

3,99

83,

998

4,12

84,

128

4,35

94,

359

4,42

44,

424

4,56

64,

566

4,73

74,

737

5,32

95,

329

5,63

35,

633

6,16

06,

160

30.1%29.0%

30.7%

33.4%

42.6%44.5%

40.4%38.5%

36.3%

27.1%

35.4%

46.6%

20%

25%

30%

35%

40%

45%

50%

55%

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

Fiscal Year

% o

f To

tal T

rans

its

Growth in Transits ofVessels >900’(274.3m) Overall Length

FY1995 - FY2006

Growth in Transits ofVessels >900’(274.3m) Overall Length

FY1995 - FY2006

222284 292 301 340 364

528

715

980

1190

1610

1310

0

200

400

600

800

1000

1200

1400

1600

1800

AF95 AF96 AF97 AF98 AF99 AF00 AF01 AF02 AF03 AF04 AF05 AF06

Tran

sits

Fiscal Year

Can

al W

ater

sTi

me

(hrs

)

Average Canal Waters TimeAverage Canal Waters Time

21 21 21 21 21 21 22 24Available

Slots

40.0

33.9

26.7

33.0

28.6

37.4

34.5

37.9

16.016.516.416.216.115.616.717.2

5

10

15

20

25

30

35

40

45

1999 2000 2001 2002 2003 2004 2005 2006

With reservationWithout reservation

AccidentsFY1996 – FY2006

AccidentsFY1996 – FY2006

1012

1012

1717

29

32

37

24

28

0

5

10

15

20

25

30

35

40

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

Acc

iden

ts

11

PCUMS Net Tons per Market Segment(in millions - FY 2000-2006 / 2007 proj)

PCUMS Net Tons per Market Segment(in millions - FY 2000-2006 / 2007 proj)

102030405060708090

100110120130140150160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 (proj.)

ContainershipsContainershipsDry BulkDry BulkLiquid BulkLiquid BulkGeneral CargoGeneral CargoReefersReefersCruiseCruiseVehicle carriersVehicle carriersOthersOthers

Interoceanic Route and the Canal’sValue for Panama and the World

Interoceanic Route and the Canal’sValue for Panama and the World

The improved existing Canal could sustainably handle up to 330 - 340 million annual PC/UMS tons

296

Pospanamax Locks and Vessel DimensionsPospanamax Locks and Vessel Dimensions

Chamber Length 427m (1,400’)Max. Vessel LOA 385.8m (1,265’)Chamber Length 427m (1,400’)

Max. Vessel LOA 385.8m (1,265’)Chamber Length 305m (1,000’)Max. Vessel LOA 294.3m (965’)Chamber Length 305m (1,000’)Max. Vessel LOA 294.3m (965’)

Existing LocksExisting Locks New LocksNew Locks

CaladoCalado

12,600 TEU16.7 m(55’)

54.7m (180’)

45.6m (149.6’)

12

Animation of Water Saving BasinsAnimation of Water Saving Basins

WSB 1 WSB 2 WSB 3

Water saving basins used in Germany help reduce water usage

Water saving basins used in Germany help reduce water usage

Program ComponentsDredging of the Sea Entrance Navigation Channels


Pacific Entrance(6.5 M m3 – Dredging)

Pacific Entrance(6.5 M m3 – Dredging)

1 Contract1 Contract

225m (740´)225m (740´)

Atlantic Entrance(Dredging - 14 M m3)

1 Contract

Atlantic Entrance(Dredging - 14 M m3)

1 Contract

Width: 225m (740´) ▶Width: 225m (740´) ▶



Program Components Pospanamax Locks

Program Components Pospanamax Locks

Pacific and Atlantic Locks(29.66 – M m3 Dry Excavation)

1 Contract

Pacific and Atlantic Locks(29.66 – M m3 Dry Excavation)

1 Contract

Program ComponentsDredging of Gatun Lake and Culebra Cut Navigation Channels

Program ComponentsDredging of Gatun Lake and Culebra Cut Navigation Channels

Deepening and Widening of Gatun Lake and Culebra Cut

Navigation Channels(Dredging - 23 M m3)

Deepening and Widening of Gatun Lake and Culebra Cut

Navigation Channels(Dredging - 23 M m3)

13

Program ComponentsPacific Locks North Access Channel

Program ComponentsPacific Locks North Access Channel

Pacific LocksNorth Access Channel

46M m3

5 Contracts

Pacific LocksNorth Access Channel

46M m3

5 Contracts

Conceptual DesignConceptual Design

Program ScheduleProgram Schedule

Bidding & Contracting

Activity

Contracting Legal Advisor

Envi

ronm

ent EIS Pospanamax Locks (Category III)

Acc

ess

Cha

nnel

Contract 1

Contract 2

Contract 3

Contract 4

Contract 5

Design and Build Pospanamax Locks

Dre

dgin

g

Deepening & Widening of Gatun Lake

Deepening of the Culebra Cut

Dredging of the Atlantic Entrance ChannelsDredging of the Pacific Entrance Channels

2006 2007 2008 2009 2010 2011 2012 2013 20141T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T

Financial Advisor

Program Management Services

Execution

Risk Advisor

EIS Dredging of Pacific Entrance (Category II)

Archeological Salvage & Rescue

Physical Modeling

EIA Cartagena – PAC 1 (Category II)

General Legal Advisor

Adv

isor

s

Increase the Max. Op. Level of Gatun Lake

Specifications & Design

Max Sustainable Capacity ofExpanded Canal

Max Sustainable Capacity ofExpanded Canal

SINGAPORESINGAPORE

HONG KONGHONG KONG

SHANGHAISHANGHAI BUSANBUSAN

ROTTERDAMROTTERDAM

HAMBURGHAMBURG

DUBAIDUBAI

LA/LBLA/LBNY/NJNY/NJ

SHENZHENSHENZHEN

HAMPTON RDS.

HAMPTON RDS.

SAVANNAHSAVANNAH

FREEPORTFREEPORTKINGSTONKINGSTON

Main Logistics HubsMain Logistics Hubs

ALGECIRASALGECIRAS

SINGAPORESINGAPORE

HONG KONGHONG KONG


ROTTERDAMROTTERDAM

HAMBURGHAMBURG

DUBAIDUBAI


SHENZHENSHENZHEN

HAMPTON RDS.

HAMPTON RDS.

SAVANNAHSAVANNAH



ALGECIRASALGECIRAS

PANAMAPANAMA

14

SINGAPORESINGAPORE

HONG KONGHONG KONG


ROTTERDAMROTTERDAM

HAMBURGHAMBURG

DUBAIDUBAI


SHENZHENSHENZHEN

HAMPTON RDS.

HAMPTON RDS.

SAVANNAHSAVANNAH


ALGECIRASALGECIRAS

PANAMAPANAMA


SINGAPORESINGAPORE

HONG KONGHONG KONG


DUBAIDUBAI


SHENZHENSHENZHEN

HAMPTON RDS.

HAMPTON RDS.

SAVANNAHSAVANNAH


ALGECIRASALGECIRAS

PANAMAPANAMA

ROTTERDAMROTTERDAM

HAMBURGHAMBURG


East Coast US - Asia

East Coast US – West Coast South America

West Indies – West Coast US

Asia - East Coast US

Main Tanker Routes through thePanama Canal

West Coast South America – East Coast US

East Coast South America – West Coast US

SavannahSavannahYantianYantian

KwangyangKwangyang

KobeKobeHong KongHong Kong

PusanPusan

SavannahSavannahKeelungKeelung

WilmingtonWilmington

KobeKobe

PusanPusan

NJ/NYNJ/NY

RotterdamRotterdam

Le HavreLe Havre

HalifaxHalifax

FelixstoweFelixstowe

Long BeachLong BeachLos AngelesLos Angeles

BremerhavenBremerhaven RotterdamRotterdam

KaohsiungKaohsiung

KobeKobe

CharlestonCharleston

NagoyaNagoya ThamesportThamesport

OaklandOakland

SeattleSeattleTokyoTokyo

ColomboColombo

ShanghaiShanghai

YokohamaYokohama

Newport NewsNewport News

HakataHakataManzanillo (Mx)Manzanillo (Mx)Manzanillo (Mx)Manzanillo (Mx)

KobeKobe

RotterdamRotterdam

KobeKobe

OsakaOsaka HamburgHamburg

ShimizuShimizuPort SaidPort Said

ZeebruggeZeebrugge

ChabangChabang

TahitiTahiti

AucklandAuckland

DoniamboDoniambo

BrisbaneBrisbaneSydneySydney

MelbourneMelbourne

Tanjung PriokTanjung Priok

SingaporeSingapore

MarseillesMarseilles

La SpeziaLa Spezia

TilburyTilbury

DunkerqueDunkerque

QingdaoQingdao

Source: ACP Database and Source: ACP Database and CompairCompair Data Data -- 20062006

BuenaventuraBuenaventura

GuayaquilGuayaquilCallaoCallao

AricaArica

CoquimboCoquimbo

San AntonioSan Antonio

San VicenteSan Vicente

Puerto LimPuerto Limóónn

IquiqueIquique

MantaManta

AntofagastaAntofagastaValparaValparaíísoso

..

BalboaBalboa

AntwerpAntwerp

ItajaiItajai

SavannahSavannahBaltimoreBaltimore

New OrleansNew Orleans

ParanaguaParanaguaSantosSantos

Puerto CabelloPuerto Cabello

VeracruzVeracruz ManzanilloManzanilloColon Colon

CartagenaCartagenaLa GuairaLa Guaira

GuantaGuantaMaracaiboMaracaibo

EvergladesEvergladesKingstonKingston

MiamiMiami

Value of the Interoceanic Route and the Panama Canal Service

Value of the Interoceanic Route and the Panama Canal Service

Ports are interconnected throughWeekly Port Container Services

using the Panama Route

Ports are interconnected throughWeekly Port Container Services

using the Panama Route

Port Developmentin Panama

Port Developmentin Panama

Manzanillo InternationalTerminal (MIT)

Manzanillo InternationalTerminal (MIT)

Colon Container TerminalColon Container Terminal

Panama Ports Company - BalboaPanama Ports Company - Balboa

Panama PortsCompany –Cristobal

Panama PortsCompany –Cristobal

Tocumen AirportTocumen Airport

RailroadRailroadInter-American HighwayInter-American Highway

Trans-Isthmian PipelineTrans-Isthmian Pipeline

15

Colon Free ZoneColon Free Zone Special Economic AreaPanama-Pacific

Former Howard Military Base

Special Economic AreaPanama-Pacific

Former Howard Military Base

Banking CenterBanking CenterCRISTOBAL

TELFERS

EVERGREEN CONTAINER

TERMINAL

PORT OF BALBOA

PORT OF ALBROOK -DIABLO

ALBROOK AIRPORT

ISLAND

AND AIRPORT EXPANSION

MANZANILLO CONTAINERTERMINAL

TRANS-ISTHMIAN ROADOPTIC FIBER DUCT

Optic Fiber DuctOptic Fiber Duct Panama: America’s Most Important Logisticsand Transportation Hub

Panama: America’s Most Important Logisticsand Transportation Hub









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