Monday 5 December 2016
 
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Panama Canal

Panama Canal sets new depth limit on ships

The Panama Canal will next month impose new draft restrictions on ships due to falling water levels at nearby lakes that form part of the waterway, the authority that administers the canal said in a statement on Monday. Ships seek

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Panama Canal expansion by end of June

After more than a year-long delay, a new set of larger locks for the Panama Canal will be complete by the end of June, the waterway's administrator said on Wednesday, after builders repaired cracks that had formed in the concrete walls.

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Panama Canal ‘cracks won't delay opening’

The consortium behind the expansion of the Panama Canal believes that cracks found in the third set of locks will not delay the inauguration of the extended waterway planned for April 2016, the canal authority said on Wednesday. T

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New Panama Canal locks to test ships mid-2015

Tests with ships will begin in mid-2015 on a new set of locks that are a key component of an expansion of the Panama Canal, the waterway's chief said on Sunday. The 100-year-old canal, which is major global trade artery, is in

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Sacyr has $574m at stake in Panama contract

Sacyr, the Spanish building company leading a consortium to expand the Panama Canal, said it risks losing $574 million in guarantees and advance payments if a spat over cost overruns at the multi-billion dollar project is not resolved.

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Panama Canal traffic halted due to heavy rain

Traffic in the Panama Canal was halted on Wednesday due to heavy rain, the first time the waterway has been closed in more than 20 years. At least five ships were visible idling in the canal, a major shipping route that connects the Atlant

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