Tag: Panama Canal Authority

• Monday, April 8th 2024 - 19:24 UTC

  Panama Canal chokepoint approaching an end as the rainy season begins in May

  

  The chokepoint at the Panama Canal could be approaching an end as weather forecasts indicate ample rain fall is heading for Panama, which if correct means many international shipping believe a return to normal crossing s possible in the near future.

• Wednesday, June 7th 2023 - 09:55 UTC

  Panama Canal water level suffering from climate change

  

  Since the Panama Canal connected the Atlantic Ocean to the Pacific in the early 20th century, it changes forever the history of global shipping. Before the canal was completed, ships had to go around the southern tip of South America, close to the Falklands coal fueling deposits, and a much longer and more dangerous route.

• Wednesday, April 1st 2020 - 07:54 UTC

  Trump calls on Florida to allow Zaandam to dock: “They are dying on the ship”

  

  U.S. President Donald Trump on Tuesday urged Florida officials to open an Atlantic Coast port to a Dutch cruise ship stuck at sea with a deadly coronavirus outbreak onboard, urging the governor to drop his opposition.

• Tuesday, March 31st 2020 - 11:48 UTC

  The ordeal of the Zaandam: Florida state is rejecting to receive any passengers

  

  United States Senator Rick Scott is calling for protective measures for Floridians ahead of the Holland America’s Zaandam and Rotterdam expected arrival at Port Everglades.

• Saturday, March 28th 2020 - 08:58 UTC

  Four passengers dead on the MS Zaandam which last called in Punta Arenas

  

  Four passengers have died on a cruise ship off the Pacific coast of Panama with more than 130 others aboard suffering from influenza-like symptoms, at least two of whom have coronavirus, the vessel's operator said on Friday.

• Monday, June 27th 2016 - 06:53 UTC

  Panama opens long-delayed US$ 4.5bn canal expansion: massive litigations looming

  

  Panama opened the long-delayed US$5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping industry and a heated battle over billions in cost overruns.

• Thursday, January 9th 2014 - 06:54 UTC

  Panama Canal expansion discussions stall; Italian company demands an extra 1bn

  

  The Panama Canal Authority, or ACP, said on Wednesday it would be “impossible” to meet the demands of Italian builder Impregilo, which has called on the government agency to make an additional payment of up to 1 billion dollars to cover cost overruns affecting a project to expand the international waterway.

• Wednesday, January 8th 2014 - 05:19 UTC

  Panama Canal and construction companies closer to understanding on over-costs

  

  Panama Canal officials offered Tuesday to share the burden in a 283 million dollars fund to end a spat with a consortium threatening to halt the waterway's expansion over huge cost overruns. The proposal came after two days of intense talks under mediation of a Spanish cabinet minister who flew to Panama City for emergency meetings aimed at preventing a shutdown of the major project.

• Friday, January 3rd 2014 - 23:05 UTC

  Spain steps in to try to resolve cost dispute over Panama Canal expansion

  

  Spain stepped in on Friday to try to resolve a cost dispute over the expansion of Panama's canal, which has triggered a sell-off in the shares of Sacyr SA, the Spanish builder leading the project. Spain's Public Works minister, Ana Pastor, and Sacyr Chairman Manuel Manrique are due to travel to Panama on the weekend, Panama's president, Ricardo Martinelli, said.

• Wednesday, August 8th 2012 - 18:16 UTC

  Panama Canal unveils new tolls structure and increases some categories

  

  Following the recommendation from the Board of Directors of the Panama Canal Authority (ACP), the Panamanian government approved this week the proposal to restructure the Panama Canal's pricing system.