The expanded Panama Canal will open in 2016

The expansion of the Panama Canal has become significantly delayed, but administrator Jorge Quijano states in an interview with ShippingWatch that the first ships will be able to transit the new canal in the 1st quarter 2016.

Photo: ACP

The Panama Canal expansion has turned into a protracted process with several delays. Disagreement between the administrators ACP, Autoruidad del Canal de Panamá, and the Spanish-led building consortium GUPC is just one of the reasons. Walkouts are another reason.

As such, the canal's management - headed by administrator Jorge Quijano - has been forced several times to postpone the date for when the new water lock, which can hold bigger ships, will be opened and ready for use.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs