Panama Canal traffic up 2.5% in Q2Tuesday, July 29, 2008 A total of 3,821 boats travelled through the Panama Canal in the April-to-June period this year, 95 more than did so last year. It's a 2.5 percent increase, according to the state agency that administers inter-ocean navigation. "Although we are seeing a slowdown in growth of the world economy, the Panama Canal increased its traffic, both in transit and tonnage, during the quarter," said the executive vice-president of operations of the Panama Canal Authority, Manuel Benítez. Agreement between Panama Canal and Port of Virginia strengthenedMonday, May 5, 2008 The Panama Canal Authority and the American Port of Virginia have ratified an agreement to share information and to promote the "all-water" route from Asia to the east coast of the United States. The strategic alliance of mutual cooperation was renewed with the signatures of the Panama Canal Authority, Alberto Alemán Zubieta, and the executive director of the Virginia Port Authority, Jerry Bridges. Pilots' protest holds up shipping in Panama CanalMonday, May 19, 2008 A protest by pilots who guide ships through the Panama Canal is causing unprecedented delays and bottlenecks in the waterway, according to reports from workers and shipping companies. Some 250 canal pilots are going slow to push for higher wages and formal contracts. New Canal Directors Called into QuestionFriday, February 1, 2013 Business organizations are criticizing the appointment of two directors, who have no known track record, onto the Board of the Panama Canal Authority. A statement from the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) reads: Canal Expansion: Overruns RecognizedTuesday, January 6, 2015 The Dispute Resolution Board has ruled that the ACP should recognize $233 million in cost overruns to the contractor giving Grupo Unidos por el Canal an extension of 176 days for the delivery of the works. From a statement issued by the Panama Canal Authority: Bridge Over the Canal Will Cost $250 MillionThursday, January 21, 2010 The Panama Canal Authority (PCA) will finance the construction of a vehicular bridge over the set of locks in Lake Gatún. Canal Administrator Alberto Alemán explained they are analyzing the project's design, and have not ruled out the possibility of a tunnel. 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. Canal Expansion: 2,600 Less WorkersFriday, January 17, 2014 The consortium in charge of the work has made 1600 people redundant and 1000 others have stopped working voluntarily on the Canal expansion. In the past five months over half of the people who worked on the redevelopment of the Panama Canal have left their duties. About 1,600 were dismissed while another 1,000 decided to voluntarily withdraw. Contract Signed for Supervision of Canal ProjectWednesday, July 14, 2010 The Panama Canal Authority (ACP) has awarded Hill International the contract to supervise the canal widening project. The widening of the Panama Canal is forecast to cost $5.25 billion and is expected to be completed by the third quarter of 2014. The project will double the size of the ships able to use the canal. Panama Canal Cold Storage Contract Awarded to Dutch and US CompaniesThursday, September 9, 2010 Holland's N.R. Koeling and North American company North Star Ice Equipment will carry out the project to provide industrial concrete refrigeration equipment. The equipment will be used by the “Grupo Unidos por el Canal” (GUPC) consortium in its construction of the new set of locks for the Panama Canal. Canal Expansion Worth $3.7 BillionTuesday, April 21, 2009 According to the Italian Impreglio construction company, the contract for the Panama Canal expansion could be worth $3.7 billion. Impregilo belongs to one of three consortiums pre-selected to expand the Panama Canal. Its other partners are the Spanish Company Sacyr Vallehermoso SA, the Portuguese Company Somague, the Belgian Company Jan de Nul and the Panamanian Company Cusa. The Italians have a 37% participation. Panama Canal dredging tender to be published late this yearFriday, July 18, 2008 Bids for a contract to dredge the Atlantic entrance to the Panama Canal will be invited in the last quarter of this year. The contract for dredging the Pacific entrance has already been awarded to Belgium-based Dredging International, with a bid of US$177.5 million. Pilot slowdown jams Panama Canal traffic - Toronto StarThursday, May 15, 2008 A work slowdown by pilots who guide ships through the Panama Canal is causing unprecedented delays and creating a costly bottleneck for shipping companies, canal employees and shippers say. Some 250 Panama Canal pilots, who take charge of all vessels while they travel between the Pacific and Atlantic oceans, want a pay raise and formal work contracts, and are protesting by giving only limited help to clear gridlocks in the busy trade route. Bids Presented for Dredging the Panama CanalTuesday, September 8, 2009 On Thursday the Panama Canal Authority will receive economic and technical bids for dredging the Atlantic side of the Canal. The bidding process started on February, and comprises underwater dredging of 15 million m3 of seabed, 800.000 m3 of dry excavation and deepening to 15.5 meters the Atlantic entrance of the canal. Panama Canal Invites Bids for Vehicle BridgeWednesday, November 18, 2009 The Panama Canal Authority started the process for building a vehicle bridge, by putting out to tender its feasibility study. The contractor will be responsible for analyzing the feasibility of building a tunnel or a bridge to the north of the existing Gatun locks and the new post-panamax locks in the Atlantic side. |
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