The administrator of the Panama Canal, Jorge Luis Quijano, said that a group of Chinese businessmen have shown interest in building and financing a fourth set of locks and will be visiting the ACP again.
The Canal administrator was in a discussion organized by the Panamanian Association of Business Executives (APEDE) to discuss the progress of the Canal expansion when he said that there is no demand at the moment for a fourth set of [...]
Will Panamá be ready to handle mega ships?
Container ships with dimensions exceeding the capacity of the expanded Panama Canal put into question the country’s readiness to receive them.
Although the increasing size of container ships on the pretext of economies of scale has its limits, the main shipowners are engaged in a race to build ships of 18,000 TEU and more.
Earlier this year, Evergreen Line announced it had ordered 11 mega container ships [...]
The Dispute Resolution Board (JRC) issued its decision that recognizes the payment of a fraction of the amounts claimed by the Grupo Unidos por el Canal (GUPCSA), in respect of alleged cost overruns in the construction of the third set locks of the Canal expansion.
The decision of the JRC provides its discretion with respect to the mixture of concrete and basalt aggregate for the construction of the locks.
In this case, GUPCSA claims some [...]
Starbucks and Juan Valdez, of Colombia, are just two of the companies interested in participating in tenders for commercial areas at Tocumen International Airport.
The specifications for the procurement of 15 of the 40 areas available at Tocumen will be announced in the coming weeks and the duration of the concessions is estimated to be between five and 10 years.
Starbucks has shown interest in participating in bids being made by Tocumen SA, specifically for [...]