A Panama Canal Authority (ACP) delegation met with International Chamber of Shipping & IMO representatives for canal expansion talks.
The ACP delegation was headed by Administrator Jorge L. Quijano who said: “These face-to-face meetings are part of the permanent dialogue that the Panama Canal holds with its customers to get feedback on their needs, as well as keep them up to date on what is happening at the waterway.”
During these meetings, Canal officials presented a progress report on the waterway's Expansion Program and the requirements for new Panamax vessels to transit the new lane once it is completed, including a conceptual framework to change the waterway's toll structure after 2014.
The Expansion Program is intended to allow the Canal to remain competitive and viable for Panama and the international maritime community in the long term.
