Author Topic: PANAMA CANAL NEWS  (Read 35335 times)

0 Members and 1 Guest are viewing this topic.

Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #45 on: June 01, 2011, 04:43:24 AM »
Panama ports readying for big increase in business .


 Tuesday, 31 May 2011 16:14

Panama Ports operators are planning to spend $1 billion on improvements to met an expected increase in business, if the free trade agreement (FTA) with the  United States is  signed and from the canal expansion.
 
Balboa will get three new giant cranes for unloading containers and eight “yard” cranes. The Port of Colón will add four container cranes.
 
Dredging operations are also under way to allow for the bigger post-panamax ships to dock when the canal expansion is finished.

A number of U.S. companies have visited recently  to examine the suitability of the country as a logistics center and in June Miami-Dade County Commissioner Jean Monestime will lead a business development mission of 28 government and private sector representatives  to consolidate and strengthen bilateral trade between Miami-Dade County and Panama, particularly in light of the Canal expansion. Miami-Dade is also dredging its port and will become the closest deep water port capable of handling the post-Panamax ships.
 
With or without the FTA Panama's port business is booming. During the first quarter of the year,the ports handled more than 1.4 million containers an increase of 30 percent over the same period last year.




Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #46 on: July 08, 2011, 07:24:02 AM »
http://www.gupc.com.pa/gallery.php    Check out these pictures. They really are moving along.  C.C.13  :wave:

Seacruise Forums

Re: PANAMA CANAL NEWS
« Reply #46 on: July 08, 2011, 07:24:02 AM »

Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #47 on: July 10, 2011, 07:13:32 AM »

Panama Canal on track for record year .
 Saturday, 09 July 2011 18:20

While much of the world shuffles toward economic recovery from the economic crisis, the Panama Canal is heading for a record year.

 The news comes from the Canal’s administrator, German Alberto Zubieta just one week after the first concrete was poured for the widening of the Canal, predicted to produce a  major boost in revenues, when completed  in 2014.
 
Zubieta  is readying for a trip to Madrid . to participate in  an academic and scientific forum, on the implications of the expansion and to promote Panama as a regional logistics hub.
 
President Ricardo Martinelli will be in Spain on an official visit.
Zubierta told the Efe news agency that the  twin records of tonnage transits and tolls will be surpassed as the recovery of world trade continues. "In Canal tonnage, the projection will be exceeded possibly 15 to 20 million tons more than what we had budgeted " said Zubieta.
 
Projections for the remainder of the fiscal year ending September 30 show  the total number of transits will be close to 320 million tons.  The previous high  was in 2007 with 312 million tonnes."
 He  predicted that fiscal year would  end with over $2 billion dollars in total revenues {jathumbnail off}
 
On Wednesday  Zubieta  will traveling on to Singapore on his logistics hub mission.
 
C.C.13



Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #48 on: July 13, 2011, 05:35:49 AM »
$1.1billion sees Canal expansion 24 percent complete .


 Tuesday, 12 July 2011 18:05


.
 
With some $1.1 billion disbursed for the expansion of the Panama Canal by the end of May, the project is 24 percent complete.

 The Canal authority reports that  the expansion, is on track to be finished by 2014. The total cost of the project will be $5.25 billion.
 
 Canal official Jorge Quijano said that the contract for design and construction of the third set of locks, the largest component of the project is 12 percent completed. That is the largest component of the expansion project. Other major components, mainly dredging, are more advanced. 
 
 The expansion was started in 2007, has captured the attention of the international community.
 
Canal officials said that the expansion of the waterway will increase Panama's importance in the global supply chain.

C.C.13

Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #49 on: July 25, 2011, 04:30:56 AM »
4.5 earthquake shakes Panama .


 Sunday, 24 July 2011 12:48


.
 
 An earthquake  registering 4.5 on the Richter scale rocked eastern Panama in the early hours of Sunday. There were no reports of damage or injuries.

 The University of Panama Institute of Geosciences said the  quake was recorded in the Caribbean Sea off the Guna Yala indigenous region at 02:38 local time (07:38 GMT).
 
The quake was located at a depth of 42.1 kilometers and was s felt in Colon and  on the Pacific coast.

That's close to the Gatun Locks.  C.C.13

Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #50 on: July 28, 2011, 05:17:33 AM »

Panama Begins Pouring Concrete for New Locks


 Peter T. Leach | Jul 26, 2011 5:21PM GMT
The Journal of Commerce Online - News Story
Ports/Terminals
 | Container Shipping
 | Maritime
| Infrastructure
| Central America
 




Work on Atlantic and Pacific locks marks important stage of Panama Canal expansion

The contractor group that is building the new set of locks for the Panama Canal began permanent concrete work on both the Atlantic and Pacific locks, marking one of the most important phases of the construction.
 
The phase, which is scheduled for completion by October 2014, is part of the larger project to expand the canal, allowing larger vessels to call on East Coast ports.

In March, the lead contractor, Grupo Unidos por el Canal, started pouring lean concrete at both lock sites to level the surface in preparation for the permanent concrete work.

This month, GUPCSA poured structural marine concrete to shape the floor of the upper chamber in Gatun, on the Atlantic side. It poured the concrete into specialized industrial formwork that included a significant amount of rebar (steel bars or rods used to reinforce concrete), to shape the 100 cubic meter blocks that make up the lock floor.

On the Pacific side, concrete pouring activities also began with the construction of the pit for the first of three lock crossunders or tunnels. Through these crossunders, trays and pipes will carry communication and electricity wires, drinking water pipelines and other components needed to operate the lock complex. Each set of locks will have three crossunders.
 
Each of the pits is built by stacking 16 blocks made of structural concrete and rebar. The pits, at a height comparable to that of a 10-story building, will include a series of steps and an elevator enabling  access to the crossunder.
 
The new locks will be 1,400 feet long, 180 feet wide and 60 feet deep and will be able to accommodate ships up to 1,200 feet long. By comparison, the existing locks, which are 1,000 feet long, 100 feet wide and 42 feet deep, handle ships up to 965 feet in length.

In its entirety, the new set of locks will require 4.8 million cubic meters of concrete.


Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #51 on: August 02, 2011, 05:34:33 AM »
Increased Canal revenue to create stabilization fund .


 Monday, 01 August 2011 20:01
 
Between 2015 and 2025, the first 11 years of operation of the third set of locks of the Panama Canal the accumulated contributions of waterway for the National Treasury will exceed $30 billion dollars.

 That sum  five times more than the income during for the  earlier construction of (2007 - 2014).
 Faced with a revenue growth of this magnitude, the government anticipates the creation of a sovereign fund to save part of the surpluses.
 
 Minister of Economy and Finance, Alberto Vallarino, said that the resources will be  used as a stabilization fund, to avoid annual budget deficits and to reduce the long-term public debt. The fund  would also help to cope with economic crises or natural disasters.
 During the Tenth Conference of the Central Regional International Monetary Fund, the deputy director of  the Western Hemisphere Department,Miguel Savastano, highlighted the project in Panama as an example of how to manage an accumulation of additional revenue.

C.C.13

Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #52 on: August 12, 2011, 05:24:44 AM »
Centennial Bridge opening set for October .


 Thursday, 11 August 2011 13:42


.
 
The latest date for the reopening of Panama’s Centennial Bridge, first setfor August this year, has been moved to October.
 
The news was given to a visiting group of members of the Chamber of Commerce, and the con Construction Chamber (Capac) yesterday who were visiting  the eastern accesses to the bridge Centennial Bridge east to access, with the Minister of Public Works, Federico Suarez.
 
The road leading to the ridge collapsed during heavy rains last December.
 
The minister said that the repair works is 81% complete and will be finished next month in time for an October opening to traffic.
 
A new road and a new viaduct  are being built, so that the structure has greater utility in the future said Suarez.
 
However, while work continues on the viaduct, traffic will continue to be  restricted, since repairs to the road that did not collapse, but is damaged, can be completed.
 
He said  that "cheap is expensive" and said the damage to the access road shows the importance of paying the actual cost of the work to contractors.
 
Suarez also they are still assessing the possible ca

 uses of the collapse of the road. So far $30 million has been invested in repairs and rebuilding.

Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #53 on: December 01, 2011, 05:49:40 AM »
Panama Canal makes record contribution to State purse .


 Wednesday, 30 November 2011 21:52


.
 
Panama received its highest ever contribution from the Panama Canal this year ... a whopping  $1,043 million.

 The Panama Canal Authority (ACP)  confirmed Wednesday, November 30, the highest payment in the 12 years of Panamanian administration.
 
ACP administrator Alberto Aleman Zubieta , had already announced,in August, that  this fiscal year (2010-2011) all projections indicated that the Canal would "break  records" in both revenue and contributions to the National Treasury . "We estimate contributions of $840 million," he said at that time.

C.C.13

Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #54 on: January 18, 2012, 06:17:46 AM »
Day 2 of Canal expansion strike .

Tuesday, 17 January 2012 09:12

Over 3000 striking employees working on the Panama canal expansion demonstrated on Tuesday, January 17. It was the second day of a work stoppage.

They are demanding the payment of overtime wages and a wage increase from the GUPC (United Group for the Canal) consortium. The protesters were into the second day of work stoppage and threatened to remain  off the job  until  their demands are met. The sit-down strike began Monday at the Colon site of the construction of the third set of locks on the waterway. The GUPC is composed of Sacyr (Spain) Impregilo (Italy) Jan de Nul (Belgium) andConstructora Urbana SA, (Panama.)
 
A consortium press release said: “The company is affiliated with the Panamanian Chamber of Construction and workers belonging to the collective agreement the Union of Workers (SUNTRACS) and fully complies with the pay and conditions required under the agreement.. All GUPC  workers enjoy a minimum wage of $2.90 an hour which is above the minimum wage prevailing in the rest of Panama. and has been paid continuously since the start of construction in August 2009.”

C.C.13

Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #55 on: January 20, 2012, 05:32:39 AM »
No progress in canal expansion work stoppage .


 Thursday, 19 January 2012 21:59
Negotiations between striking workers and a consortium   charged with building the news locks for  expansion project were deadlocked on Thursday evening, January19.

They workers are employed by the  United for the Canal Group.(GUPC).
 
After six hours of meetings,  during which the consortium is reported to have said they could not afford a wage increase, Juan Arce, a spokesman for the workers n, said  that negotiations with the consortium members on the salary issue were not progressing so the work stoppage will  move into its fifth day on, Friday.
 
The workers, who currently earn $2.90 per hour, are demanding better pay, overtime pay and pay for Sunday .
 
The work of construction of the third set of locks is considered  a work of maintenance governed by the Labor Code.
 
The workers filed a proposal Thursday to attach a clause to the  1980 decree, so that it can establish a new salary for the workers who work in mega projects like the Panama Canal expansion.
 
The Thursday meeting was held at the headquarters of the Ministry of Labor (MITRADEL), and in the morning the Minister Alma Cortez, said it would seek a compromise between workers and GUPC.
 
The administrator of the Panama Canal Authority, Alberto Zubieta Herman, called for sanity to avoid further damage to the work of the canal expansion.

C.C.13

Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #56 on: January 20, 2012, 05:34:47 AM »
Striking workers not affecting canal traffic .


 Thursday, 19 January 2012 08:42The continuing strike of 4,000 workers involved in the construction of new locks for the Panama canal will not affect vessels passing through the waterway says the Canal Authority (ACP).

 In a statement  the ACP  said it expects  a quick solution to the conflict between workers and the United Group for the Canal (GUPC), a consortium building the third set of locks in the waterway, Workers are calling for  fair payment.
 
The ACP said that it monitors the employment status of the GUPC employees working on  the construction of new locks, as well as all other components of the Panama Canal Expansion.
 
Projects such as dredging and dry excavation, are continuing normally. The work stoppage began Monday January 16, over non-payment of the hours for Sundays and overtime. The company blames the problem on a computer program glitch.

C.C.13

Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #57 on: January 23, 2012, 06:16:42 AM »
Canal expansion work stoppage ends with pay raise .
 Sunday, 22 January 2012 14:31

The six day strike of workers on the the third set of locks for the Panama canal  has ended after 10 hours of negotiations.

The meeting involvedrepresentatives of 6,000 workers, The Ministry of Labor and the consortium hired to do the job. It ended with agreement on a  new pay scale and the amendment of a decree that has been in place since  March, 1980, which set the minimum wage for workers in the Canal area,
 
The new hourly rate will be $3.34 and  and for skilled workers a minimum of $3.96. Currently the minimum wage is $2.90 per hour.
 
The workers return to their jobs on Monday, January 23. The consortium “United for Canal” has  pledged not to retaliate against workers who were involved in the work stoppage.
 
The wage increase will  apply only to people working on the construction of the third set of locks and will run until the end of the project. Earlier reports suggested that the additional labor costs, running into millions of dollars will be borne by the canal authority (ACP) and not the contractor.
 
The intial complaints from workers also referred to non payment for overtime and Sunday work, which the  consortium put down to a new computer program.

C.C.13

Cape Cod 13

  • Vice Admiral
  • ******
  • Posts: 1944
  • Karma: +15/-3
  • Cape Cod 13
Re: PANAMA CANAL NEWS
« Reply #58 on: January 23, 2012, 06:19:06 AM »
New Canal bridge to ease traffic woes .

Sunday, 22 January 2012 08:29

As  Panama’s Ministry of Public Works (MOP) continues to struggle with problems connected to the Bridge of the Americas talk of a fourth bridge has resurfaced.

Public Works Minister Federico Suarez talked in recent days  of indicated that they referred new transportation projects for the coastal area, such as a road to the fourth bridge over the Panama Canal.
 
"We are studying the construction of the fourth bridge over the canal that would be very close to the Bridge of the Americas to improve the   lives the  of people in the west of the country, "he said.
 
The new work would benefit areas such as Arraiján, Resume, Veracruz, La Chorrera and Capira, which generate more than 100,000 transit vehicles. The construction of the new access "cannot wait any longer," he said.
 
The new route  to enter the city, along the coastal strip, will cut through July 4th Avenue, to the Albrook area connecting with the northern corridor.  For now, business continuity plans in the coastal road are under study.

C.C.13

Chris in Inuvik

  • Staff Captain
  • Cruise Director
  • *
  • Posts: 492
  • Karma: +4/-1
  • Personal Text
Re: PANAMA CANAL NEWS
« Reply #59 on: January 23, 2012, 06:47:26 AM »
The new hourly rate will be $3.34 and  and for skilled workers a minimum of $3.96. Currently the minimum wage is $2.90 per hour.
 

Wow - what a difference to North American wages, huh?

Chris in Inuvik
This is my signature.

Seacruise Forums

Re: PANAMA CANAL NEWS
« Reply #59 on: January 23, 2012, 06:47:26 AM »