Panama Canal Authority Upgrades Tugboat FleetPANAMA CITY, Panama, April 28, 2009 – The Panama Canal Authority (ACP) announced today that it has introduced five new tugboats to its fleet, increasing the availability of these essential vessels used to assist ships transiting the waterway. The new units (pictured right and below), purchased from Cheoy Lee Shipyards, Ltd., have an output capacity of 4,800 horse power and a bollard pull of more than 60 metric tons.

Additionally, the Canal has made some operational changes that increase efficiency and streamline operations. The ACP moved the management of its shipyard to the Canal’s Maritime Operations Division, led by ACP Executive Vice President of Operations Manuel Benítez. The Canal has also instituted a more regular and systemized process of tug maintenance, allowing proper availability of the fleet at any given period.

Panama Canal Authority Upgrades Tugboat Fleet“These new tugboats are an important acquisition for the operation of the Panama Canal,” said Mr. Benítez. “By upgrading our equipment and streamlining processes, Canal operations are improved for the benefit of our customers around the world.”

An additional 13 tugs, also purchased from Cheoy Lee Shipyards, Ltd, are scheduled to begin arriving in September 2010. These new units will come with an award-winning design, superior components, stronger engines, better clutches and advanced propulsion systems. Overall, the ACP plans to have a total fleet of 46 tugs by 2014. The additional units serving as a replacement of old tugboats with more than 35 years of service and to augment the existing fleet.

About the Panama Canal Authority (ACP)
The ACP is the autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. The operation of the ACP is based on its organic law and the regulations approved by its Board of Directors. For more information, please refer to the ACP’s Web site: http://www.pancanal.com/