Panama Canal's Options For Facing Off CompetitionFriday, August 16, 2013 The Panamanian response, in the event of any of the inter-oceanic canal projects materialising, would be to create another expansion of the Canal. This was the announcement by Jorge Quijano, chief administrator of the Panama Canal Authority (ACP), after hearing about the intentions of Guatemala and Nicaragua to build two oceanic canals, on land or water. Panama Canal is priority for Central AmericaTuesday, September 2, 2008 The VI International Forum on Management, Marketing y Business analyzed the need to take advantage of the benefits offered by the Panama Canal. The former president of Panama Nicolás Ardito Barletta spoke of the importance of the Panama Canal for "hemispheric logistics" and its potential to "improve the competitiveness" of the countries in the region during his presentation on a panel called "Geopolitics and Investments." Post-Panamax Vessels and Ports in the RegionThursday, November 22, 2012 It is not only the ports on the South and East Coast of the U S that have to make provisions for the expansion of the Panama Canal. Ports in the Caribbean and Latin America will also have a before and after the expansion of the Canal. Canal Expansion Will Employ 7.500 WorkersFriday, August 7, 2009 The construction of the third set of locks at the Panama Canal will require over 7.500 workers in five years. "The figures are provided by Grupo Unidos por el Canal, winner of the design and construction contracts for the third set of locks", said Alberto Alemán Zubieta, head of the Panama Canal Administration. Panama Canal Regulation More FlexibleThursday, October 1, 2009 PCA extended, for an additional 7 months, its temporary plan for reducing costs and making its reservations system more flexible. The temporary plan, in effect since June, modifies the definition of ballast (vessels without cargo nor passengers) for container ships using the Canal. It also changes the reservation system, to increase its flexibility and reduce fares. Canal Expansion to Boost Gas IndustryFriday, December 21, 2012 The natural gas industry in Texas expects that the Panama Canal expansion will allow them to export more to Asia. A study on the effects of the canal expansion, presented in the Texas Senate, has revealed that the new route will allow the passage of LPG tankers, which are too wide to transit at the moment. Too Many Inter Oceanic CanalsTuesday, August 6, 2013 If it is not even clear whether there is a need for another canal in Central America, then obviously some or all of the routes currently being planned are not going to work. Andres Oppenheimer, in his article in Elnuevoherald.com, notes the incongruity of having so many projects, making so much effort and so much investment in order to transversely divide up Central America, rather than applying those resources to uniting their countries throughout the isthmus. Canal gives push to the economy of PanamaFriday, August 15, 2008 The commercial demand resulting from the widening of the Canal will increase 3% per year during the next ten years, according to sources close to the Panama Canal Authority. Panama is currently one of the countries with the best international projections for investment. Most of the infrastructure in Latin American have become the axis of the Panamanian economy. II International Congress on Panama Canal MaintenanceThursday, April 10, 2014 The event will be held from August 27th-29th and will bring together international experts in the field of forecasting and sustainable maintenance management. he main issue to be addressed in the second edition of the event organized by the Panama Canal is "Investment in Maintenance: Key to Competitiveness and Sustainability". Panama Canal Recovers Market in Routes to AsiaTuesday, August 2, 2016 With the entry into operation of the new locks, the Panama Canal is beginning to regain market lost in recent years to the Suez Canal. 60% of vessels transporting cargo between Asia and the United States now passes through the new locks, up from 40% earlier this year. Until the opening of the expanded canal, this market share of maritime cargo went through the Suez Canal. Canal Expansion: New Locks to Operate in JuneWednesday, March 23, 2016 The government has announced that the opening of the expanded waterway will take place on Sunday 26 June and confirmed that the work is 97% complete. From a statement issued by the Foreign Ministry of Panama: A Fourth Set of Locks for the Panama CanalFriday, June 16, 2017 The Canal Authority has started a process of measuring and analyzing the current and projected demand for the inter-oceanic route in order to determine when to start the expansion. The Panama Canal Authority has already formed a group of experts to carry out analysis and technical studies for the future expansion of the Canal, which will depend directly on the behaviour of demand over the next few years. In the first year of operation, vessels larger than those initially planned have passed through the third set of locks. At the moment, according to Jorge Luis Quijano, the third set of locks generates 32% of revenues. ACP Prepares to Take Over Canal RedevelopmentThursday, January 9, 2014 As a precaution against the conflict not being resolved with the construction consortium, the Panama Canal Authority is already planning for the expansion works to carry on under its management. The administrator of the ACP, Jorqe Quijano, announced that on Monday January 13 there will be a meeting with Zurich, the project's insurer, noting that the Canal Authority has $548 million available for the financing of the work in letters of credit and $442 million in reserve. Colombia and China Negotiate Dry Canal ConstructionMonday, February 14, 2011 The countries are negotiating construction of a dry canal in Colombia, an alternative to the Panama Canal. Colombian president, Juan Manuel Santos, in statements given to the British press, said negotiations are in advanced stages. Worldwide Concern Over Canal Expansion ConflictWednesday, January 8, 2014 The threat of paralyzing the work of the third set of locks of the Panama Canal is keeping maritime and port operators around the world on tenterhooks. The conflict between the construction consortium (GUPC) headed by the Spanish Sacyr and the Panama Canal Authority (ACP), which originated over the demand for the first payment of $1.6 billion in cost overruns and the ACP's rejection of that claim, threatens to extend the opening of the expanded waterway, through which 5% of the world's maritime cargo passes, to beyond 2015. |
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