Tag: Panama Canal Authority

• 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.

• Thursday, December 9th 2010 - 07:18 UTC

  Heavy rains force temporary suspension of traffic in the Panama Canal

  

  Heavy rains have forced the temporary suspension of traffic along the Panama Canal, the major shipping waterway connecting the Atlantic and Pacific oceans which handles 5% of global trade.