Author Topic: PANAMA CANAL NEWS  (Read 42919 times)

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Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #60 on: January 23, 2012, 07:44:23 AM »
Did you know if you move to Panama you can not work unless you start your own business. People are not allowed to come into the country & take jobs away from the people of Panama. Sure wish America was like that.  C.C.13    thumbup

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #61 on: January 24, 2012, 06:11:45 AM »
Strike settlement will cost canal authority $50 million plus .

Monday, 23 January 2012 21:59

The pay increase for workers of the consortium building the third set of canal locks (GUPC) will cost the Canal Authority (ACP) about $50 million.

 The money will come out of the contingency reserve for the canal expansion but it exceeds the amount calculated by the ACP forsalary adjustment during the course of the project.. If the return to work helps get the job finished ahead of  time, the ACP will be on the hook for an achievement reward for the consortium.
 
Not only is the minimum wage increased to $3.34 an hour for helpers and 12.5% for GUPC skilled workers, but there are other increases .
 
If the scope of the modification ofa 1980 decree fixing canal wages, is for all workers in the canal area, the cost to ACP would be greater because they would have to cover other contracts of the companies working on the expansion project.
 
The contract between the ACP and GUPC provides and a penalty of $300 000 a day if the consortium does not meet the time set for the completion of the work.
 
Conversely, if the consortium delivers the work before October 2014, it will get an incentive bonus   of $215,000 a day, up $50 million.

C.C.13

Chris in Inuvik

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Re: PANAMA CANAL NEWS
« Reply #62 on: January 24, 2012, 02:40:57 PM »
The contract between the ACP and GUPC provides and a penalty of $300 000 a day if the consortium does not meet the time set for the completion of the work.
 
Conversely, if the consortium delivers the work before October 2014, it will get an incentive bonus   of $215,000 a day, up $50 million.

C.C.13
Quite an incentive to ensure it gets done on time or ahead of time!
Maybe if there was more of this kind of thing in the US and Canada, projects would get completed on time.

Did notice there isn't much about it being on budget though.

C in IN
This is my signature.

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #63 on: January 29, 2012, 05:52:38 AM »
National reserve fund from Canal revenues .
Saturday, 28 January 2012 10:21

Plans to create a giant reserve fund from Panama Canal revenues against hard times are now being worked out.

Details of the  the formula of how to nurture the sovereign fund, are not finalized but one proposal on the table is to to allocate 80% of the contributions of the Panama Canal to the National Treasury and 20% to fund savings.
 
With this approach , the savings for Panama in 2015 could reach between $6 billion and $9 billion. The Ministry of Economy and Finance (MEF) aims to present a bill on the sovereign fund in the first quarter.  Panama has decided to save some extra income generated by the Canal expansion once operational in 2014. It is expected that in the first 11 years of operation of the expanded waterway, more than $30 billion will be generated for the state.
 
If you some of the resources are saved,, the country would have a cushion to fall back on in case of natural disaster or a deep recession. The measure would also improve the risk rating of the country.
 
Among the decisions yet to be taken is the preparation of a board or an entity tomanages the fund. As recognized by the MEF the selection of the team manager must be transparent and it must function independently  as a self-contained entity away from political positions.

C.C.13

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #64 on: March 06, 2012, 06:19:01 AM »
First steps towards construction of new Canal bridge .

 Monday, 05 March 2012 16:02
Two consortiums and one company have submitted prequalification documents for bidding on the construction of the new bridge at the Atlantic end of the Panama canal.

 The consortiums are Odebrecht - Hyundai Joint Venture (Brazil - Korea) and Acciona Infrastructures - Tradeco (Spain - Mexico), and the company Vinci Construction Grands Projets (France).
 
."Prequalification” is the first of two stages of a process leading to the selection of the company that will handle the construction of a bridge said the Panama Canal Authority (ACP) on Monday, March 5.
 
The evaluation process will rate the candidates based on technical criteria , experience and financial capacity.  At the end of this period, which is expected in the next 45 days, the names those who  may participate in the second stage. with delivery by the ACP, a statement of design and specifications, site visit and pre-qualified for receipt of proposals finally, in July this year The third Canal Bridge will be  located three miles north of the Gatun Locks and the new lock Panamax Atlantic Avenue  The design of the 4.6 km bridede  design is will follow  similar work in Spain, Korea, France, China and Japan. It is planned to be double delta-shaped cable-stayed inverted "Y" with four lanes. At an  elevation of 75 meters above sea level.   

C.C.13
 

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #65 on: March 29, 2012, 06:06:07 AM »
Canal expansion over 35% complete .  Wednesday, 28 March 2012 16:59

The  Panama  Canal expansion project is over  35% complete says  administrator of the Panama Canal Authority (ACP), Alberto Aleman Zubieta.

 The work is scheduled for completion by August 2014, 100 years after the official opening of the canal.
 
He made the announcement while presenting  the ACP annual report to the Committee on Public Infrastructure of the National Assembly. Aleman Zubieta explained that although the  overall progress of the expansion program was over 35%, no projects within this work are finished and others are running.
 
He  said that  38.4 million cubic meters of excavations in the Atlantic access channel  have  been removed out of a final total  of 49 million cubic meters, leaving that part of the project almost 70% complete.
 
At the Pacific entrance they  are moving  8.7 million cubic meters of excavations. and that work is 84% complete, despite how hard it is because it is happening in a place with a lot of rock, but is expected to be finished in August this year .
 
The dredging of Gatun Lake and the Gaillard Cut is 68% complete , while at the entrance of the Pacific access channel to the new locks dredging is 64% complete
 
At the Atlantic entrance the dredging project is 97% complete.
 
He added that the design work and construction of the locks and dredging volumes are 52% completed  and, work that requires the placement of steel and concrete is 21% done.
 
In the Atlantic there are different phases of construction of the locks that are  35% complete, he said.
 
 Aleman Zubieta said that the ACP has  overcome a difficulty with the placement of concrete for the construction of the locks, where initially the contractor did not meet the level of quality of concrete.
 
Bids for the third bridge over the canal must be tendered in August this year and in the coming days the final designs of the three consortia selected through a prequalification process will be submitted.

C.C.13  :o

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #66 on: March 30, 2012, 05:10:05 AM »
Five countries involved in new canal bridge bid .


Thursday, 29 March 2012 17:49

Companies from Spain, Mexico, Brazil, South Korea and France are in the bidding race for the construction of  new bridge over the Panama Canal.

 They have all prequalified to participate in the tender for the construction of a bridge in the Atlantic sector, part of the canal expansion project.
 
The Spanish-Mexican consortium "Acciona Infrastructures-Tradeco" and Brazilian-South Korean "Odebrecht-Hyundai Joint Venture" and the French company "Vinci Construction Grands Projets" were classified following studies oftechnical criteria, experience and financial capacity, says the Panama Canal Authority (ACP). The three candidates who had submitted their proposals in early March, now participate in the second stage, in which the contractor will be selected for the construction of the work.
 
They will each deliver  a statement showing the design and specifications, followed by  receipt of proposals in August.
 
The bridge design is inspired by similar work in countries like Spain, South Korea, France, China and Japan and is expected to be of a "double delta inverted Y-shaped cable-stayed "and with four lanes.  And a length of 4.6 km. The bridge will be of 75 meters above sea level, and located two miles north of the Gatun Locks and the new post-Panamax  lock in Colon.
 
The canal expansion  will cost $5.25 billion, and is scheduled for completion in 2014, to double the freight capacity of the waterway, from 300 to 600 million tonnes a year.

C.C.13   :wave:

rose

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Re: PANAMA CANAL NEWS
« Reply #67 on: March 30, 2012, 11:28:34 AM »
Thanks for keeping us all up to speed with the work going on  :wave:

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #68 on: April 04, 2012, 06:34:10 AM »
This is acouple days old, but throught worth while to post.  C.C.13

Panama Ports strike sent ships elsewhere .


 Tuesday, 03 April 2012 16:08
 
The strike of workers in Panama Ports Company (PPC) caused spin off problems across Panama and sent many container ships to other countries.


 
Workers returned in the evening of Monday, April 2 after four days of strikes led to the closure  of terminals, shipping diversion to other countries, rail transit at a virtual standstill  and repercussions Colon Free Zone (CFZ).
 
Maritime sector entrepreneurs speak of untold economic damage.
 
With the ports of Balboa and Cristobal not functioning normally, major shjippers like  Maersk and APL their routes and unloaded in the Dominican Republic, Colombia, Jamaica and Mexico.
 
"This means that containers were simply sent sailing from one place to another by the PPC strike," said Daniel Isaza of the Logistics Business Council.
 
The srike was the first since the ports were privatized 15 years ago.
 
Changes in the roadmap for carriers also affected companies that were waiting to  bunker to vessels that could not anchor in Panama.
 
Some of the 47 containers carrying spare parts and components for the thermal plants of the Panama Canal Authority (ACP) had to go to Kingston, Jamaica.
 
PPC representatives said that at least 30 000 containers had been stranded in their ports or had to be sent to terminals located in other countries.
 
"The damage has been great. Not only for the direct economic effect, but the image of Panama as a safe destination to move merchandise, "said Romel Troetsh, representative of CSF.
 
PPC runs 22 of the 60 cranes that are in the country and 3.2 million of the 6.6 million TEU (containers of 20 feet long) reporting system.
 
Of the 4 000 employees of PPC, only 6 teams of 20 workers were working on Monday, following the strike call which the company called a "surprise" and came without prior discussions. They learned of the stoppage Friday night.
 
According to PPC, initially a small group was behind the strike but  the scope was significant, as those who insisted on working were not allowed in.
 
Workers lifted the strike Monday evening  after day long negotiations between strikers, PPC, and Ministry of Labor representatives. PPC promised no retaliations.

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #69 on: April 06, 2012, 05:56:42 AM »
Canal expansion opening delayed .   C.C.13   :'(

Thursday, 05 April 2012 07:41
 
The Panama Government dream of the completion of the Panama Canal widening project in 1914, the year its mandate expires  and 100 years since the canal opened, is over.

 A report published by the Journal of Commerce says The Canal’s new locks will probably not be ready for their scheduled opening in October 2014, but will be ready for a trial run by a vessel in December, according to Jorge Quijano, the engineer in charge of building the canal’s third set of locks.
 

“The change in the opening date of the new locks is caused by the inability of the consortium that is building the new locks, Grupo Unidos por el Canal, (GUPC) to meet its contractual requirements for the concrete mix for the locks, which delayed the laying of the concrete from January until July of last year. The concrete has to last at least 100 years, but GUPC could not make concrete that met that standard until the canal authority brought in an outside expert to show them how to make it. A report to the National Assembly by outgoing  canal administrator Alberto Aleman Zubieta referred to the concrete problem.
  The Canal Authority (ACP) received a letter Tuesday from GUPC with a new schedule for completing the work specified in its $3.2 billion contract for the locks. The schedule indicated that it will not be able to complete all the work required by its contract until April 2015, six months behind the target date for the opening of the new locks in October 2014.
 
The new schedule also  includes work on such elements as parking lots and building that are not essential to the new locks, said Quijano, who will become the ACP’s new administrator on Sept. 4, succeeding Aleman
 Most industry observers had not expected the new locks to be in full commercial operation until 2015, but the three-month postponement of the target date for their opening is necessarily a disappointment for Zubieta, who has been saying all along that the locks would be ready in October 2014.
  They will be ready for testing in October, but not for full operation. “The pre-commissioning tests of the locks will actually start taking place in February 2014, so that says that by that time the lock structure is complete,” Quijano said. This is a three-month delay from the previous scheduled date for lock completion of December 2013.

Carolyn Jane

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Re: PANAMA CANAL NEWS
« Reply #70 on: April 06, 2012, 09:20:16 AM »
Is anyone surprised?  CJ

Luis

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Re: PANAMA CANAL NEWS
« Reply #71 on: April 07, 2012, 06:07:50 AM »
Not surprised at all.  The important thing is to do things right even if it means a delay.

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #72 on: April 09, 2012, 06:21:03 AM »
Panama thriving as cruise center .   C.C.13   ;D


 Sunday, 08 April 2012 18:50

 
After four seasons as a home port for cruise lines  and shipping 178,000 passengers out of Colon 2000, Panama has achieved maturity as a cruise center.


 
Two leading cruise companies, Royal Caribbean and the Spanish Pullmantur, have confirmed that they will continue to sail from from Panama through 2014.
 
The arrival of more Latin American passengers in Panama, has led the lines to create more  tropical  style  meals, and  hire more Spanish-speaking staff as they focus their strategies on the Latin market says La Prensa
 
It is estimated that the current season (2012-2014)  will have an input of $75 million, considering that the passenger who boards a cruise ship in Panama, spends an average of $1000 a day.

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #73 on: April 14, 2012, 04:58:03 AM »
Canal expansion worker’s death causes stoppage .  C.C.13


 Friday, 13 April 2012 19:45
 
Safety issues continue to raise concerns among Panamam Canal expansion workers who on Friday April 13, stopped work for the day following the death of one of their peers.

 The workers of the United Group Consortium For the Canal (GUPC) planned to return Saturday after the company declared Friday a day of mourning and began investigations into the death of a worker at 4:15 am.
 
The  fatality comes on the eve of a series of meetings, starting Monday April 16 between the consortium and the Ministry of Labor and Workforce Development, to discuss a list of 43 points, raised  after a work stoppage of last January. Juan Arce, manager of GUPC workers said most of the points are related to safety issues for workers involved in the expansion.
 
Another point that will be  discussed at the meeting is the payment structure. that the company makes GUPC.
 
GUPC said in a statement that the victim is Luis Guardia, 37, who was killed in an accident involving slippage added in the tertiary industry section.
 
The date for the completion of the canal expansion has already been moved back between three and six months.

Cape Cod 13

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Re: PANAMA CANAL NEWS
« Reply #74 on: April 29, 2012, 06:08:27 AM »
Canal expansion has to consider climate change - US engineer .  C.C.13


 Saturday, 28 April 2012 13:48
 
The Panama $5.25 billion of the  Panama Canal needs to take climate change into consideration  a leading engineer said at  major conference in Panama.


 
Steven Stockton Director of Civil Works Corps of Engineers U.S. Army, speaking at the Congress of Engineering and Infrastructure Panama Canal 2012 said that although there is not a complete understanding of the whole phenomenon of climate change there is a need   to  develop the infrastructure of water resources, whether on land or the sea.
 
The Canal must accommodate changes at sea level or, otherwise there would be a major impact on the terrestrial side of the infrastructure. He said that when you make large projects which maintain and operate water resources, dams and rivers change characteristics and  special attention   must be given to the floods that could take place due to these environmental variations.
 
The expansion of the Canal will  also change shipping routes and traffic patterns, especially for cargo containers.
 
 The engineering expert explained that when working  on large projects such as enlargement of the waterway, planners must take into account the so-called "study of visibility." Time has to be spent  doing the  studies necessary to know the environmental and economic implications.