Panama Construction Strike Ends, Work Resumes

Posted by Eric Haun
Thursday, May 08, 2014
Courtesy Panama Canal Authority

Construction workers in Panama ended a nationwide strike on Thursday, allowing the expansion of its famous canal to resume after a delay of more than two weeks.

"Work has partially resumed today ... it is estimated staff as a whole will gradually return in the coming days," Grupo Unidos por el Canal, the consortium expanding the waterway, said in a statement.

The consortium, led by Spain's Sacyr and Italy's Salini Impreglio, declined to say whether the December 2015 target date for its completion would be pushed back.

Construction workers walked out fifteen days ago, demanding higher wages, halting work on hundreds of projects, including building a third set of locks for the Panama Canal.

Earlier this year, a dispute between the consortium and the Panama Canal Authority over $1.6 billion in cost overruns stopped work on the project for several weeks.

The two sides are still fighting over who should foot the bill through an international arbitration panel.

(Reporting by Elida Moreno in Panama City; Writing by Christine Murray; Editing by Simon Gardner and Jeffrey Benke)

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

 
 
Maritime Careers / Shipboard Positions Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1265 sec (8 req/sec)