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Panama Canal CEO Highlights Importance of Canal in World Trade at SeaCargo Americas

Date: 17-MAY-2005

PANAMA CANAL CEO HIGHLIGHTS IMPORTANCE OF CANAL IN WORLD TRADE AT SEACARGO AMERICAS

PANAMA CITY, Panama, May 17, 2005 - Panama Canal Authority Administrator/CEO Alberto Alemán Zubieta was a keynote speaker at the second annual SeaCargo Americas Conference, held May 11-12 in Miami, Florida.  A gathering of more than 2,000 international trade executives, SeaCargo Americas focuses on enhancing and growing the maritime industry in the Americas.

Administrator/CEO Alberto Alemán delivered his presentation on the Panama Canal, including: current trends facing the Canal, the evolution of the maritime industry, and current and past operational metrics.  Alberto Alemán also highlighted the main trade routes the waterway serves and briefed the attendees on the current status of the Canal and the ACP's Master Plan, the Canal's strategic, long-term business plan that will guide the waterway to the year 2025, including the decision on whether to expand the Canal.

 "The 'All-Water Route' through the Panama Canal to the East Coast of the U.S. and back is one of the fastest growing trade routes - truly vital to world shipping," said Administrator/CEO Alberto Alemán Zubieta.   "The ACP looks forward to opportunities like this to meet with the industry.  As we enhance our relationships with U.S. ports through partnerships and Memorandums of Understanding, it becomes clearer to us that we are all part of the global supply chain and that cooperating with each other helps us all."

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

The Authority's responsibility to the Panamanian people is paramount. The Canal belongs to the people and benefits from the Canal should accrue to as many Panamanians as possible. The Authority will plan its future so that it will continually contribute to the economic development and welfare of the citizens of Panama.


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