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Panama Canal Authority Announces Preliminary Pact with Contractors

Panama Canal Authority Announces Preliminary Pact with Contractors

Talks between the Panama Canal Authority, or ACP, and the GUPC consortium building a third set of locks for the waterway have produced "a beginning of an accord" to resolve the dispute that has paralyzed work on the project, chief administrator Jorge Quijano said Wednesday. continue reading »

Panama Releases Detained North Korean Ship Carrying Undeclared Weapons

Panama Releases Detained North Korean Ship Carrying Undeclared Weapons

Almost all the crew members - 32 out of 35 - of the North Korean ship detained in the Panama Canal last July for transporting Cuban arms without declaring them, and who were freed last month, will leave on the vessel that was released Saturday after the officers in charge paid the fine levied on them. continue reading »

Panama Submits Proposal to Restart Canal Locks Project

Panama Submits Proposal to Restart Canal Locks Project

The Panama Canal Authority, or ACP, has submitted a new proposal to the consortium working on the inter-oceanic waterway's third-locks project, which is currently stalled over a financial dispute. continue reading »

Panama Canal Looks to Restart Expansion Project

Panama Canal Looks to Restart Expansion Project

The Panama Canal Authority, or ACP, said Wednesday it will not yield to "blackmail" and is looking for ways to restart work on a third set of locks for the inter-oceanic waterway, accusing the consortium tasked with the expansion of breaching its contract by making a unilateral decision to halt construction. continue reading »

Panama Canal, Contractors Extend Construction Negotiations

Panama Canal, Contractors Extend Construction Negotiations

The Panama Canal Authority, or ACP, said Friday that talks aimed at resolving a dispute with the contractors building a third set of locks for the waterway will continue through Feb. 4. continue reading »

Top 5 Places to Retire in Latin America, Spain

Top 5 Places to Retire in Latin America, Spain

According to InternationalLiving.com, Latin America is a highly coveted location for retirees in 2014. continue reading »

Justin Bieber Relaxes in Panama Following DUI, Drag Racing Arrest

Justin Bieber Relaxes in Panama Following DUI, Drag Racing Arrest

Canadian pop singer Justin Bieber hit the beaches on Panama's Pacific coast ahead of his appearance before a judge in the United States this week. continue reading »

Panama Canal Authority Says Dispute Could End Soon

Panama Canal Authority Says Dispute Could End Soon

The Panama Canal Authority, or ACP, said Tuesday that it has presented a "proposal that could be a long-term solution" to the conflict that threatens to shut down at any moment the work of expanding the interocean waterway, though he gave no details. continue reading »

Panama Authority Reveals It’s Spoken with Other Contractors During Dispute

Panama Authority Reveals It’s Spoken with Other Contractors During Dispute

The Panama Canal Authority, or ACP, confirmed Thursday that it has held talks with other potential contractors as it prepares for the possible Monday suspension of work on an expansion project, although it said it still hopes to resolve a financial dispute with the consortium building a third set of locks for the waterway. continue reading »

Massive Sweep of Airport Police in Honduras, Suspected of Working with Narcos

Massive Sweep of Airport Police in Honduras, Suspected of Working with Narcos

Honduras so far has suspended 32 people, including 25 police officers and two anti-narcotics officers, assigned to Tegucigalpa's Toncontin airport, through which three Honduran men smuggled almost $7.2 million in cash, funds that were seized on the weekend in Panama, officials said Tuesday. continue reading »

Spanish Firm Remains Optimistic That Canal Solution Can Be Found

Spanish Firm Remains Optimistic That Canal Solution Can Be Found

Spanish construction giant Sacyr, which leads a consortium building a third set of locks for the Panama Canal, expressed optimism that a financing solution can be reached in talks with the waterway's administrators to keep the expansion project going. continue reading »

President Martinelli Says Panama, Canal Contractors Still Talking

President Martinelli Says Panama, Canal Contractors Still Talking

Panamanian President Ricardo Martinelli said Friday the canal authority and the consortium building a third set of locks for the waterway were still trying to resolve a dispute that threatens to bring the project to a halt. continue reading »

Panama, Canal Contractors No Closer to Resolving Dispute

Panama, Canal Contractors No Closer to Resolving Dispute

Both the GUPC consortium building a third set of locks for the Panama Canal and the waterway's administrators dug in their heels Thursday in a dispute that threatens to delay completion of a $5.25 billion expansion project. continue reading »

Contractors Working on Panama Canal Seek $400 Million Advance

Contractors Working on Panama Canal Seek $400 Million Advance

The Spanish-led consortium working on the $5.25 billion expansion of the Panama Canal proposed to the waterway administration that it provide it with an advance of $400 million to avoid a suspension of work this month. continue reading »

Canal Contractors Reach Preliminary Accord with Panama

Canal Contractors Reach Preliminary Accord with Panama

The Panama Canal Authority and the Spanish-led consortium working on the $5.25 billion expansion of the Central American nation's inter-oceanic waterway agreed Monday on a framework for talks to avert an interruption of the project. continue reading »