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Hot Port News from GAC

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GAC-newYour daily news service from ports around the world.

In this HOT PORT NEWS, read about:
* Worldwide – World Holidays: 23 February-9 March 2014
* Panama, Panama Canal – Panama Canal new locks project works resume

DATE: February 22, 2014
COUNTRY: Worldwide
World Holidays: 23 February-9 March 2014

Public holidays around the world in the coming two weeks include the

  • Tue 25 Feb – Edsa Rev. (Philippines)
  • Fri 28 Feb – Taiwan Memorial Day holiday
  • Sun 3, Mon 4 & Tue 5 (until 1400 hours) Mar – Carnival (Brazil)
  • Mon 3 Mar – Clean Monday (Greece)
  • Mon 3 Mar – Carnival Monday (Trinidad & Tobago)
  • Tue 4 Mar – Carnival Tuesday (Trinidad & Tobago)
  • Thu 6 Mar – Ghana Independence Day
  • Sat 8 Mar – Women’s Day (Angola)

For information about operations around the world contact the respective
GAC office. Details may be found under ‘GAC Worldwide’ at gac.com

DATE: February 22, 2014
PORT: Panama Canal
Panama Canal new locks project works resume

The Panama Canal Authority (ACP) informs that Grupo Unidos por el Canal.
S.A. (GUPC) has resumed work on the new locks project during the afternoon
of Thursday, February 20.

“Works have restarted this afternoon, ” said Panama Canal Administrator
Jorge L. Quijano. “The consortium has guaranteed that it will continue
working, which was our main objective so we can move forward and discuss
other issues for a longer-term agreement.”

Since works have resumed, ACP will proceed to pay tomorrow GUPC the $36.8
million due for December invoices.

This preliminary agreement to resume works does not imply a negotiation on
the alleged cost overruns claimed by the contractor. ACP reiterates that
these claims must be process through the mechanisms within the contract.

The consortium is formed by Sacyr Vallehermoso, S.A (Spain), Impregilo,
S.p.A. (Italy), Jan de Nul Group (Belgium) and Constructora Urbana, S.A.
(CUSA) (Panama).

The parties will continue to negotiations during the next couple of days to
come to an agreement that ensures the successful completion of the project.

(For information about operations in the Panama Canal contact GAC-Wilford &
McKay at gac-wilford, ckay.panama@gac.com)

Source: Panama Canal Authority Press Release dated 20 February 2014

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