The Panama Canal Pilots Union, which is in negotiations for a new five-year contract, said it was encouraged by statements made by Panama Canal Authority CEO Jorge Quijano at the 15th annual TPM Conference here Tuesday.
03 Mar 2015
Panama Canal Authority CEO Jorge L. Quijano said that it’s possible for Nicaragua and its Hong Kong backer to build a rival canal in five years, but it’s not a “feasible investment from a private investment standpoint.”
23 Feb 2015
The Panama Canal Authority is setting its sights on retaining the increase in container volumes from Asia to the U.S. East and Gulf Coast ports it gained in recent months, thanks to shippers diverting cargo from congested West Coast ports.
02 Feb 2015
When Panama wanted to expand its canal it sought the permission of its citizens through a referendum in 2006 that showed overwhelming approval for the $5.25 billion project. In contrast, Nicaragua allowed a Hong Kong-based company to begin construction in December with no referendum, and is seeing violent resistance to the project, said Panama Canal Authority CEO Jorge L. Quijano.
20 Jan 2015
The Panama Canal expansion, now 85 percent complete, hit a milestone with the installation of the first gate in
19 Jan 2015
Panama transshipment activity is expected to jump by double digits after the new Panama Canal locks open in 2016 and will be followed by longer-term annual growth of about 5 percent, Drewry Maritime Research said in the latest issue of its Container Insight Weekly.
07 Jan 2015
An international arbitration panel ruled that the engineering consortium that is building the Panama Canal’s third set of locks has the right to seek payments from the Panama Canal Authority agency for $233 million of the $463 million in cost overruns it's claiming for cement and aggregate.
07 Jan 2015
The new toll structure on container ships proposed by the Panama Canal Authority could produce significant reductions in toll costs for carriers deploying the larger post-Panamax ships that will be able to pass through the expanded locks.
06 Jan 2015
The Panama Canal Authority released proposals for a new toll structure that it has been reviewing with various industry segments for the last year.
05 Jan 2015
The Panama Canal Authority recently cleared the way for building a big new transshipment port at Corozal near the Pacific entrance of the canal that is expected to boost traffic once the current expansion project is completed in early 2016.
16 Dec 2014
The installation of new gates at a Panama Canal expansion site will bring the project to 84 percent of completion ahead of an estimated early 2016 opening date, the canal authority says.