• Sun
  • Jul 13, 2014
  • Updated: 5:18pm

Panama Canal

Panama's president to make Europe trip to force consortium to finish canal expansion

Panama’s president said he would visit Europe to force a consortium to back off a threat to suspend expansion work on the Panama Canal in an escalating row over US$1.6 billion in cost overruns.

Friday, 3 January, 2014, 4:49pm

Cost overruns dispute puts Panama Canal project in jeopardy

Work on the massive Panama Canal extension project may be suspended after a clash between the builders and the Panamanian authorities over US$1.6 billion in cost overruns, according to a statement from the building consortium on Wednesday.

Panama Ports Co, part of Li Ka-shing’s Hutchison Whampoa conglomerate, operates the ports at both ends of the canal.

2 Jan 2014 - 5:36pm

Nicaraguan canal 'an environmental disaster'

A proposed Nicaraguan waterway rivalling the Panama Canal would cause an environmental disaster threatening drinking water supplies and fragile ecosystems, conservationists say.

16 Jun 2013 - 8:53am

Hong Kong firm wins US$40b Nicaragua canal project

Nicaraguan lawmakers granted a 50-year concession to a Hong Kong-based company on Thursday for it to design, build and manage a shipping channel across the Central American nation that would compete with the Panama Canal.

15 Jun 2013 - 10:37am 1 comment

Wider Panama Canal may not be all plain sailing for HK shippers

The widened Panama Canal will definitely benefit the global shipping industry but industry insiders differ as to the benefits for Hong Kong and China shippers.

5 Sep 2012 - 2:22am

Wider Panama Canal may not be all plain sailing

The widened Panama Canal will definitely benefit the global shipping industry but industry insiders differ as to the benefits for Hong Kong and mainland Chinese shippers.

5 Sep 2012 - 8:29am

Panama officials aim for calm on toll rises

Panama Canal Authority officials have been on a two-pronged mission this month - calming mainland and North Asian shipping companies over planned canal fee rises and promoting the massive canal expansion to those same shipowners.

15 Jun 2012 - 12:00am

Argentine ship seized over fuel bills

Chimbusco Pan Nation Petro-Chemical, an offshoot of PetroChina, has had a 64,200 deadweight tonne cargo ship arrested in Hong Kong. Owned by Maruba, Argentina's largest privately owned shipping company, the panamax ship Decurion was held over unpaid fuel bills running into millions of US dollars.

31 Aug 2010 - 12:00am

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