December 2014 is confirmed as the start of the Interoceanic Canal of Nicaragua construction works, with the completion of the project scheduled for 2019, Telemaco Talavera, a member of the Grand Canal Commission told the EFE news agency. “Construction of the great canal is scheduled to get underway in December. Logically, the first thing will be […]
The new set of locks at the expanded Panama Canal will see first ships being navigated through in mid-2015, according to Canal’s Chief Jorge Quijano. “We hope to start a series of tests with the locks next year in the month of July or August,” Quijano was quoted as saying by Reuters. The Panama Canal […]
Valuation Research Corporation (VRC), a U.S.-based provider of independent valuations, has been engaged by the Panama Canal Authority to value the locks, dams, power plants and other structures of the canal for insurance purposes. This is VRC’s second valuation engagement with the authority. In 2004, VRC was engaged to provide a comprehensive valuation in connection […]
September 3, 2014 | Posted in
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Have you ever wondered what is going on behind the scenes at the Panama Canal? This 60 seconds Bosch World Experience video will take you right into the heat of action. The 77.1 kilometres long Panama Canal, currently undergoing expansion, connects the Atlantic Ocean to the Pacific Ocean. The canal cuts across the Isthmus of […]
The Panama Canal Authority (ACP) has opened the Second International Maintenance Congress with the participation of 26 international and six local experts to promote reliability and sustainability in business practices, based on a maintenance culture. “Maintenance has been fundamental for the Canal to operate as it does today, after more than 100 years in operation,” […]
August 28, 2014 | Posted in
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A plan is underway to make sure the new locks at the Panama Canal will be open for transits in the beginning of 2016, according to the Canal Administrator Jorge L. Quijano. Quijano hosted Maersk Line delegation led by Søren Skou, CEO of Maersk Liner Business, within the framework of the centennial celebration, to provide […]
August 20, 2014 | Posted in
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As the long-awaited $5.3 billion expansion of the Panama Canal nears completion, industry players fear that fundamental changes will not be made as the expanded canal will not be able to fit the super-sized ships. This might call for a further fourth set of locks at the canal to handle these giants of the seas, […]
Polish authorities have revived plans to build a canal in order to connect the Baltic Sea with the Vistula Lagoon and, thus, bypass Russia’s stretch of coastline. The endeavour is said to be worth EUR 209 million, and if the proposal by the Polish Ministry of Infrastructure gets the green light, the construction could start […]
The Panama Canal Administrator Jorge L. Quijano held an informative meeting with a delegation headed by Mo Wenhe, Chairman of the China Harbour Engineering Company (CHEC) and Wei Hua Wang, representative of the Chinese-Panamanian Office of Business Development. Mo Wenhe showed interest in the development of projects in the Panama Canal during the upcoming years. […]
August 12, 2014 | Posted in
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The ITF (International Transport Workers’ Federation) said that it has ramped up its campaign against the Panama Canal Authority over “its ongoing failure” to provide decent pay and safe working conditions for more than 9,000 affiliated maritime workers in the canal zone. The 44-mile canal is currently undergoing a USD 5.25bn redevelopment, which will see the […]
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