Nicaragua begins the construction of a $ 50 billion canal

Nicaragua initiated yesterday the construction of a gigantic waterway of 50,000 million dollar, a project led by a Chinese businessman. This work aims to compete with the Panama Canal. The government of President Daniel Ortega said that the canal of 278 kilometers, which would...

Panama Canal expansion will be completed by the end of 2015

The group Unidos por el Canal (GUPC), led by Sacyr, and the Panama Canal Authority (ACP) have reached a final agreement to complete the works of the Canal expansion project in December 2015. Through the agreement it is sought to fulfill the objectives of the Memorandum of...

Panama Canal Authority is subjected to international arbitration for overruns

The state Panama Canal Authority and GUPC, led by the Spanish company Sacyr and the Italian Impregilo, will be submitted from today to an external arbitration in the International Chamber of Commerce of Miami, Florida, as reported by the newspaper El Pais. Arbitration is about...

Arbitration of Panama Canal will begin this month in Miami

The arbitration to define who will bear the additional costs of $ 1,600 million in the expansion project of the Panama Canal will begin on July 21 in Miami. This seeks to progress the works. “Both sides will present their arguments and draft procedural orders about how the...

Negotiations continue to solve strikes on the Panama Canal

After ten days of strike by the Unique National Union of Workers in Construction and Related (Suntracs), which has paralyzed the work of the country including the Panama Canal expansion, has decided to resume bargaining talks. Suntracs, with at least 70,000 members, requires a...

Panama Canal will have its own mobile app

As part of its strategy of national and international communication, the Panama Canal Authority (ACP) announced its new application for mobile devices using operating systems as iOS (Apple, iPhone and iPad,) Android and Windows Phone. “We have excellent content about what...

Panama Canal Expansion will end on December 2015

Yesterday night was reached an agreement to resolve the crisis that paralyzed the works of Panama Canal expansion, between the State Panama Canal Authority (ACP) and the construction companies that form the conglomerate Grupo Unidos por el Canal (GUPC.) In summary, the agreement...

Expansion works are resumed on Panama Canal

After the paralyzation of the expansion works of the Panama Canal since 5 February, this Wednesday, the state society Panama Canal Authority (ACP) and the construction consortium of Grupo Unidos por el Canal (GUPC) reached a preliminary agreement in face of the financial crisis...