April 21st, 2012:

Bids cancelled for largest drydock on Panama Canal

A few days after one month had passed since the opening of envelopes for best value on the 20-year concession for the Balboa drydock, the Panama Maritime Authority (AMP) declared void the contract for faults not remedied, according to the entity, in proposals submitted by each of the consortia applicants.

It was an act full of setbacks since the opening of the envelopes, because the company that made the best economic proposal – Consorcio MEC [...]