Wednesday, June 11, 2014
Maritime News

Panama Canal Chief Says New Locks Working by January 2016

The Panama Canal's new set of locks will be operational by the January 2016 deadline, the canal's chief said on Tuesday, after fears that a recent labor strike could have further delayed the project.

June 11, 2014
Total Views: 9

Friday, March 14, 2014
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News

Panama Canal Expansion Consortium Sign Deal To End Dispute

By Sonya Dowsett MADRID, March 14 (Reuters) – A construction industry consortium led by Spain’s Sacyr said in a statement on Friday it had signed a deal late on Thursday...

March 14, 2014
Total Views: 9

Friday, February 28, 2014
Maritime News

Panama Canal Authority Reaches Deal With Sacyr on Expansion

Feb. 28 (Bloomberg) — The Panama Canal Authority agreed with a group of builders led by Sacyr SA on a deal to end a two- month dispute over expansion of...

February 28, 2014
Total Views: 1

Thursday, February 20, 2014
Maritime News

Consortium Resumes Work On Panama Canal Expansion -UPDATE

A deal to resume work on the multibillion-dollar Panama Canal appeared in doubt on Thursday, just hours after an apparent breakthrough, in the latest twist in a protracted dispute over massive cost overruns.

February 20, 2014
Total Views: 1

Wednesday, February 19, 2014
Maritime News

Panama Canal Work to Restart Thursday

The Panama Canal Authority said that it has reached a deal with the construction consortium that would allow for work to resume on the third set of locks in the Panama Canal expansion project.

February 19, 2014
Total Views: 10

Tuesday, February 18, 2014
Maritime News

Deadline Looms in Panama Canal Expansion Dispute

The Panama Canal and a Spanish-led construction consortium expanding the major global waterway discussed options on Tuesday to keep the multibillion-dollar project afloat amid a dispute over costs, but any deal seemed unlikely ahead of a looming deadline.

February 18, 2014
Total Views: 1

Wednesday, February 12, 2014
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Maritime News

Partial Accord Reached in Panama Canal Expansion Dispute

The Panama Canal Authority said it reached a partial agreement with builders led by Sacyr SA to end a dispute, even as it continues to seek alternatives to finish the waterway’s expansion. Sacyr rose as much as 8 percent.

February 12, 2014
Total Views: 0

Saturday, February 8, 2014
Maritime News

New Proposals to Rescue Panama Canal Expansion

The companies working to widen the Panama Canal and the waterway's administrator on Friday each made new proposals aimed at reviving the multibillion dollar project, after talks broke down this week amid a cost spat and work ground to a halt.

February 8, 2014
Total Views: 0

Thursday, February 6, 2014
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Maritime News

Panama Canal Delay Seen Boosting LPG Shipping as Voyages Lengthened

Delays to the $5.25 billion Panama Canal expansion may prolong a surge in rates for ships hauling liquefied petroleum gas between the U.S. and Asia, according to Arctic Securities ASA.

February 6, 2014
Total Views: 4

Wednesday, February 5, 2014
News

Panama Canal Expansion Work Suspended After Talks Break Down

The $5.25 billion expansion of the Panama Canal was suspended today as negotiations between a construction group led by Spain’s Sacyr SA and the waterway’s authority broke down, threatening to delay work beyond 2015.

February 5, 2014
Total Views: 12

panama canal expansion
Maritime News

Talks Break Down Over Panama Canal Construction Dispute

The Panama Canal Authority broke off talks about a $1.6 billion cost overrun with the Sacyr SA-led group working to expand the waterway, Sacyr said, pushing its shares as much as 8.4 percent lower.

February 5, 2014
Total Views: 11

Tuesday, January 21, 2014
Maritime News

Panama Canal, Consortium Discuss New Financing Proposal

The Panama Canal Authority said on Tuesday it was in talks over a new financing proposal with the Spanish-led consortium in charge of expanding the waterway and its insurer aimed at ensuring work continues on the project, which faces huge cost overruns.

January 21, 2014
Total Views: 0

Monday, January 20, 2014
Maritime News

Panama Canal Authority Rejects EU Mediation in Expansion Dispute

The Panama Canal Authority (PCA) has turned down an offer by the European Commission to mediate in a multi-billion dollar dispute with a Spanish-led construction consortium which threatens to halt work on widening the century-old waterway.

January 20, 2014
Total Views: 3

panama canal construction colon
Interesting

Lowball Bid Comes Back To Haunt Panama Canal Expansion

A bitter dispute between the Panama Canal and a Spanish-led consortium of construction companies over the spiraling cost of expanding one of the world's busiest waterways was years in the making.

January 20, 2014
Total Views: 3

Monday, January 13, 2014
Maritime News

Sacyr Vows to Finish Panama Canal Expansion Work As Planned

Sacyr SA pledged to complete its contract to expand the Panama Canal, edging back from a threat to suspend the project if the waterway’s authority didn’t offer compensation for unexpected costs.

January 13, 2014
Total Views: 4