23 Dec 2015 / Panama, Panama Canal
The head of the Panama Canal Authority (ACP) has said that the planned opening of the expanded canal will be postponed, according to the EFE agency. Previously the ACP has maintained that the April 2016 deadline would be met but now Jorge Quijano, head of ACP, has referred to a second quarter opening no later than June.
The $5.25 billion expansion project is intended to make the Canal ready for the new generation of mega-sized container ships.
GUPC, the international consortium responsible for some of the canal’s new locks in which cracks and leaks have appeared, has said that payment delays are partly responsible but ACP maintains that “payments are based on the progress of construction”.
For information about operations in Panama contact GAC Wilford & Mackay at gac.com/panama.
You are currently on GAC Worldwide website.
Group Vice President, Europe and Africa
16200 Central Green Blvd
78 Shenton Way #09-01 Singapore 079120
Group Vice President, Europe and Africa
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Leverage on our experience and expertise with integrated shipping, logistics and marine services tailored to meet your needs.
Safe, reliable and swift delivery of quality marine fuels at competitive prices
Round-the-clock ship supply services
Specialised solutions to improve supply chain efficiency
GAC Mobile Directory App
