Monday , June 14 2021

The water supply will define the expansion of the Panama Canal, says the director

So concluded Quijano Efe his perspective on crucial issues for the waterway, which in fiscal year 2018, completed on September 30, was an increase in tonnage "of 9.5 percent," ie of 403, 8 million tons passed in 2017 rose to about 442 million tons.

Was expected to transfer 423.4 million tons in 2018.

In revenues, the jump was "almost 5%," which means an expansion of 3,037.5 million budgets for 2018 to $ 3,189.37 million in real terms.

"We still do not know how much will be the final contribution (to the state), but it will be decided by the board of directors at the December meeting, but it will be more than last year, there will be something more," he said.

In 2017, the contribution was $ 1,650 million (it was $ 1,593 million as budgeted) and the budget for 2018 was already estimated to rise to $ 1,659.2 million.

Quijano attributed this success partly to "thanks to the exercise of advanced sales to avoid tariff reductions" implemented by the United States in its trade war with China.

By 2025 the construction of a fourth group of locks has been considered, even Quijano in September 2016 announced the constitution of the team to study the matter, which conditioned the "demand" of the market, but already in 2014 the company China Port Engineering Company (CHEC) expressed interest in the work.

"The fourth locks system will depend mainly on the factor, and that's water, if there is no water forgotten from the fourth system of locks, the demand will be there, but we must match how it takes place," he said.

This is based on the fact that "in the 90s the most important thing was the movement of cereals, before they were tankers, today they are container ships, but tankers have taken second place when you add gas carriers to oil and gas." All of these add up to more Than carrying bulk ".

The third lock system "reflects the size of a ship that focuses on the container carrier, and in some cases there is liquefied natural gas, that is, the ability to adapt to our infrastructure, and the business models have given us the ability to move in a business that is very rigid."

"Our infrastructure is not something built from one day to the next, it took us 9 years to expand, it's not the same as every three, four months, you make a chip, build a new lock that's going to take another 8 years," he continued.

As for the proposal to open the Darién gap, the only continental part where the Pan American road is interrupted on its route from Alaska to Tierra del Fuego, said "it makes sense".

The addition, on the border with Colombia, "served (b) its purpose" against the spread of disease, drug trafficking, irregular migration, so that before "think open it" requires a plan "to prevent these anomalies and also to address the environmental aspect.

"You are communicating with a big producer country (Colombia) that can use our channel as its export point rather than its ports, so there is great potential," but "there is a trade barrier that we need to resolve now, it's useless to open the Columbia door to use us yet Colombia does not give us the opportunity, "he added.

Sentencing, "seeing it from a purely commercial perspective, makes all the world's feel."

On arbitrations, according to Spanish Sacyr, who heads a consortium that built the third group of locks, for 5.673 million, Quijano said that by the end of the year he does not believe that "there is any new development."

"There's still a lot of stuff to cut about these things, as soon as we know something about whether we'll promote one of the arbitrations, we still have arbitration in January in Miami, exact dates we have not yet had, but the result will not be seen, so it's complicated that at least eight to ten months before the arbitrators Will decide on these issues, "he claimed.

The manager said that they "are preparing very well for it" and that they expect "to succeed". EFE


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