Panama

Panama

Weekly wrap-up for Aug. 16, 2014
16 Aug 2014
Diversions related to the ongoing negotiations on the U.S. West Coast between the International Longshore and Warehouse Union and the Pacific Maritime Association continue to have an impact elsewhere.
Work on the Panama Canal expansion. Courtesy of Panama Canal Authority.
21 Jan 2014
The deputy administrator of the Panama Canal Authority on Tuesday said the $5.25 billion expansion of the Panama Canal will meet the target date of mid-2015.
Work on the Panama Canal expansion. Courtesy Panama Canal Authority.
16 Jan 2014
The Panama Canal, following a widely reported payments dispute with contractors that threatens to delay its expansion, went on the counteroffensive this week with a new website designed to provide “Clarification of the most common doubts about the Expansion.”
Panama Canal expansion work
08 Jan 2014
The Panama Canal Authority said Wednesday it could not negotiate over a new proposal by the consortium that is building its new locks to keep construction work going in the face of its threat to stop work in a dispute over the contractor’s claims for cost overruns.
07 Jan 2014
The Panama Canal Authority on Tuesday has made an offer to resolve its dispute with the contracting consortium that is threatening to suspend construction work on its new locks.
05 Jan 2014
The Panama Canal Authority said Sunday that its analysis of the claims for $1.6 billion in cost overruns by the consortiu
Construction on the Panama Canal expansion. Photo courtesy Panama Canal Authority.
03 Jan 2014
Spain’s public works minister and the chairman of Spanish builder Sacyr will visit Panama this weekend to help resolve a $1.6 billion dispute that is threatening to...
Worker on Panama Canal expansion. Photo courtesy Panama Canal Authority.
02 Jan 2014
The Panama Canal Authority has a contingency plan to fall back on if it cannot resolve its dispute on cost overruns with the engineering consortium that is building its new locks.
02 Jan 2014
The Panama Canal Authority said Thursday it will not bow to pressure by the lead contractor in the engineering consortium that is building its new locks to recover an estimated $1.6 billion in cost overruns that are not covered by the terms of its contract.
Ocean carrier rate revision roundup
16 Dec 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in December and January.
Envelope of money being handed over
09 Dec 2013
The takeover of the Lazaro Cardenas port in November by the Mexican army underscores an enduring reality in Latin America: its ports a breeding ground for corruption, according to the global risk consultancy Control Risks.