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Panama Canal expansion dispute talks extended to 4 FebPanama Canal expansion dispute talks extended to 4 Feb

The Panama Canal Authority (ACP) and contractors Grupo Unidos por el Canal (GUPC) have extended talks to 4 February in a bid to settle a dispute over $1.6bn in cost overruns on the expansion of the canal.

Marcus Hand, Editor

February 3, 2014

1 Min Read
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The talks that also include insurers Zurich American have so far failed to settle the dispute, which has seen work on the locks for the expanded canal slow to just 25% of their normal level, with a threat by GUPC to suspend works altogether.

“The parties agreed to continue meeting over the weekend to further evaluate the options aimed at reaching an agreement,” ACP said in a statement.

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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