More larger ships expected as carrier alliances revise schedules.
24 Sep 2015
Cracks in a sill of one of the new Panama Canal locks is “likely” to risk a delay in the scheduled April 2016 opening of the new locks, a Panama Canal Authority executive told Reuters.
23 Sep 2015
Construction on the $50 billion Nicaragua Canal, which has been wracked by delays, will not begin until the first quarter of 2016 due to new environmental mitigation measures, according to a high-ranking government official.
02 Sep 2015
Panama Canal officials have said it will take one month to repair leaks discovered in locks for the Pacific side, but warned El Nino is a bigger threat to the canal’s operations.
31 Aug 2015
The Chinese company behind Nicaragua’s planned $50 billion canal is reportedly willing to change the route to bypass one of the towns opposed to its construction, even though such an alteration would add $700 million to the cost of the project.
29 Aug 2015
Rainfall has eliminated the need for a planned draught restriction of up to 39 feet through the Panama Canal.
12 Aug 2015
Construction workers building the Panama Canal’s third set of locks have called off a threatened strike after winning a pay increase from the construction consortium at the helm of the project.
12 Aug 2015
The expansion of the Suez Canal and the reduced draft for ships transiting the Panama Canal won’t immediately impact the rival waterways’ shares of Far East-U.S. East Coast traffic, according to Alphaliner.
11 Aug 2015
The $5.25 billion Panama Canal expansion project may face a fresh setback if construction workers building the third set of locks follow through with their threat to strike.
10 Aug 2015
The Panama Canal Authority plans a temporary half-foot reduction in maximum drafts of ships passing through the waterway, and said an additional reduction may be ordered if rainfall stays below normal levels.
28 Jul 2015
Strong cross-border business in Europe and the highest demand for deferred package service in the U.S. in a decade helped UPS increase second quarter profits, despite falling revenue.