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panama canal expansion

Strike halts work on Panama Canal expansion

Work to expand the Panama Canal -- interrupted earlier this year for a dispute over cost overruns -- halted Wednesday, this time for a strike by workers demanding higher wages.

Work resumes to expand Panama Canal

PANAMA CITY – A Spanish-led consortium resumed work Thursday to expand the Panama Canal, which handles five percent of global seaborne trade, after an acrimonious two-week stalemate over $1.6 billion in cost overruns.

New proposal made to break Panama Canal expansion deadlock

PANAMA CITY – An international consortium at loggerheads with Panama over work to expand the Panama Canal has presented a proposal to end a dispute over a $1.6 billion cost overrun, the group said late Thursday.

Deadline to resolve Panama Canal expansion receives extension to Feb. 1

Work on expanding the Panama Canal will continue through at least next week after the construction consortium officially extended the deadline until Feb. 1 to resolve a dispute over $1.6 billion in cost overruns. The deadline had been set for this past Monday.

Minister insists that Panama Canal expansion will be completed in 2015

Work to enlarge the Panama Canal will be completed in 2015 no matter what, Panamanian Finance Minister Frank De Lima said Wednesday, despite the continuing feud over cost overruns with contractor GUPC.

Panama Canal expansion slowed by $1.6 billion financial dispute

PANAMA CITY -- Work on expanding the Panama Canal went ahead at a reduced pace Monday despite the builder's threat to shut down the project over huge cost overruns, officials said.

Panama Canal expansion to proceed no matter what, says official

Work to expand the Panama Canal will proceed despite a financial dispute that could derail the project, an official managing the major waterway said Saturday ahead of a key deadline.

Panama Canal begins centennial countdown amid expansion works

Panama's interoceanic route readies to face competition in a near future.

Panama Canal expansion hits $570 million snag

A dispute between a contractor and the canal authority over cement could push back the finish date to 2015.

Billion-dollar Panama Canal expansion halted due to labor strike

A workers’ union is asking for a raise in minimum wage and improved working conditions for Panamanians.

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