Pittsburgh-headquartered Wabtec Corporation (NYSE: WAB) and its Latin American channel partner, Marinsa International, have recently signed a contract to supply the primary power for 10 new hybrid tractor tugboats being built for
As of today, August 23, the Panama Canal had 119 vessels waiting for transit, according to the Panama Canal vessels statistics and transit backlog, as the Panama Canal Authority has chosen to
Following a mandatory countrywide lockdown announced by the Panamanian Government to combat the COVID-19 pandemic, the Panama Canal Authority has adopted new measures today to guarantee the continuity of its operation and
The Panama Canal Board of Directors today announced the appointment of Mr. Ricaurte Vasquez as the next Panama Canal Administrator. He will take office on September 4, 2019, succeeding current Administrator Jorge
JULY 8, 2016 — Mitsui O.S.K. Lines, Ltd.’s 10,100 TEU MOL Benefactor today docked at the GCT Terminal in Bayonne, NJ, becoming the largest vessel ever to call the Port of New
APRIL 29, 2016 — The Panama Canal Authority (ACP) is dismissing recent claims by the International Transport Workers’ Federation (ITF) that raised safety concerns about maneuvering in the operation of the Expanded
ACP says that it has now been told by contractot Grupo Unidos por el Canal, S.A. (GUPC) that the localized seepage found in the concrete sill between the lower and middle chamber of the Canal’s expanded Pacific Lock was the result of insufficient steel reinforcement in the area that was subjected to stress from extreme condition testing.
After careful examination of all the other sills in both lock complexes, GUPC stated that in addition to reinforcing the sill that presented the issue, it would also reinforce the first and second sill in the Cocoli Locks and the first three sills in the Atlantic-facing Agua Clara Locks as a preventative measure, though these sills have not presented any issue.
ACP said that GUPC also verbally indicated that the completion date for the Expansion Project will remain April 2016, as planned; however, the ACP is awaiting formal confirmation from GUPC, in the form of a comprehensive report which should also include the root cause of the detected filtrations.
ACP says that its contract with GUPC clearly states that the group is responsible for all corrections that may be required. The contractor has an obligation to ensure the long-term performance on all aspects of the construction of the locks and to complete the Expansion Project following the quality standards established in the contract.
ACP says it “will continue to assess the situation and communicate next steps.”
JUNE 27, 2015—The U.S. Trade and Development Agency recently awarded a grant to the Panama Canal Authority (ACP) to support the planning of a Liquefied Natural Gas (LNG) import terminal. When the
DECEMBER 21, 2014—The Panama Can Authority reports that the first steel rolling gate has been installed on the new locks on the Atlantic side of the Panama Canal Expansion Program, marking another
DECEMBER 11, 2014—The last of eight gates for the construction of the new locks for the Pacific side of the Panama Canal expansion project recently completed its transit through the waterway. As
