Friday 29 August 2014
 
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Panama Canal

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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