Freight News, Sea

Panama Canal Advisory Board and Board of Directors Meet To Discuss Waterway’s Operations

[ November 29, 2018   //   ]

The Panama Canal Board of Directors and Administration held a three-day meeting recently with the Advisory Board in Rotterdam, Netherlands, to address the waterway’s performance and discuss opportunities for future growth.

They discussed issues relevant to the Panama Canal, such as its strong financial standing, current operations and projects, industry trends which could impact its performance, planned growth, and the development of complementary and future business opportunities.

“The feedback and knowledge that the Advisory Board members provide are of tremendous value for the Panama Canal due to their experience in multiple areas of world economy and international trade,” said Panama Canal Administrator Jorge L. Quijano.

Established in 1999, the Advisory Board provides regular updates to the Panama Canal on the maritime sector’s development and activities worldwide. The Advisory Board offers valuable guidance to Panama Canal, enabling them to formulate strategies to further strengthen the efficiency, safety and reliability of the waterway’s operations and the competitiveness of the route.

The Advisory Board is composed of distinguished advisers, who possess intimate knowledge of the Panama Canal and extensive experience in the international business, transportation and world trade, telecommunications, civil construction and development, banking and academic sectors. The Advisory Board meets once or twice a year, in Panama or in a city linked to the maritime industry.

In addition to the meeting with the Advisory Board, the Panama Canal delegation will visit Port of Rotterdam, the largest port in Europe, the automated container terminal of APM Terminals Maasvlakte II BV, and the liquefied natural gas (LNG) terminal Gate Terminal, which is the LNG hub in Europe.

They will also visit other companies related to the transportation and logistics industry, including Wittenveen+Bos which offers consulting and engineering services throughout the world, and Kloosterboer Cool Port B.V., specialist in the supply chain for temperature controlled food products.