A $400 million loan necessary to complete the $5.3 billion Panama Canal expansion project has been received by the engineering consortium responsible for widening the canal, according to the Panama Canal Authority’s lead administrator, Channel News Asia reported.
11 Sep 2014
Construction on the controversial Nicaragua Canal will begin in December, a member of the Nicaragua Grand Canal Commission has confirmed.
11 Sep 2014
The head of the Panama Canal says container lines that have maintained their all-water Panama Canal services rather than diverting ships to the Suez Canal will receive discounts when the canal is expanded in 2016
02 Sep 2014
If the Panama Canal hopes to retain container carrier services from South China and Southeast Asia to the U.S. East Coast and regain those it has lost to the Suez Canal over the last few years, it will have to develop a new pricing structure or lower its tolls after it opens its new locks to commercial traffic in 2016, according to a new report from SeaIntel Maritime Analysis.
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.
11 Aug 2014
The International Transport Workers’ Federation and four Panamanian unions have accused the Panama Canal Authority of ongoing failure to provide decent pay and safe working conditions for more than 9,000 affiliated maritime workers in the canal zone.
11 Aug 2014
The Panama Canal Authority is warning a drought might force it to limit the drafts of container vessels traversing the waterway, reducing the amount of cargo container ships can carry.
09 Aug 2014
The third set of Panama Canal locks aren't even completed yet, and yet Panama continues to talk openly about a fourth set of locks to handle even bigger ships.
06 Aug 2014
Increased cargo capacity in larger ships transiting the expanded Panama Canal will raise risks for the maritime industry, Allianz Group said in a new report.
04 Aug 2014
The Panama Canal Authority and the consortium hired to build a third set of locks have amended their construction contract to reflect a March settlement of a payment dispute that interrupted work for two weeks.
21 Jul 2014
The first gates of the Panama Canal expansion program have been moved to the new locks complex on the Atlantic side, marking another milestone in the $5.25 billion project.