Panama Canal Extension Contractors' Work Stoppage

MarineLink.com
Sunday, January 19, 2014
Image courtesy of ACP

In response to an announcement by Grupo Unidos por el Canal, S.A. (GUPC) that it intends to suspend work from Monday, 20, January 2014, the Panama Canal Authority (ACP) has responded that they consider that decision to be: "Not valid, lacks merit and goes against what is established in the Contract for the Design and Construction of the Third Set of Locks." ACP continue to comment as follows:

"Currently, the production levels are low in the new locks project without any justification.

The suspension announced on December 30, 2013 and reiterated by GUPC Thursday, January 16, 2014 in a letter to the ACP, is based on the wrongful application of Sub-Clause 16.1 of the Contract – cited by the consortium to justify the suspension – because this clause provides the right to suspend
work only when the employer has failed to issue payment to the contractor.

However, this is not the case and, therefore, such notice of intent to suspend work lacks merit. In fact, the ACP pays GUPC within the first 15 days after the invoice is presented, significantly in advance of the contractually-stated period of 56 days.

Furthermore, during the weekend, ACP has maintained communication with the head of Sacyr, leader of the consortium GUPC, to find a solution to the current situation. The ACP will review all proposals presented formally and always within the provisions of the contract.

In addition, the ACP rigorously and continuously monitors the developments in the field in order to keep track of everything that involves a reduction of work and the suspension announced for tomorrow. Today, the ACP Administrator, executives and technical personnel conducted an inspection of the construction site in the Pacific to witness first-hand the progress."

 

 

 

 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

Panama Canal Sets Sight on Another Expansion

As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion

Long Beach, LA Collaborate to Improve Cargo Flow

Executives from the ports of Long Beach and Los Angeles held a kickoff meeting earlier this week to begin working together to focus on cargo conveyance strategies

Contracts

'Run to Remember' by USCG Foundation

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced this year’s

IMTRA Announces Exclusive Sola-Cure Distributor Partnership

IMTRA announced today through its exclusive North American distributorship of Sola-Cure shades — its line of customizable, high-quality and comprehensive solutions

Swiber Gains $405.6 mi Contracts

Business momentum is fast picking up at Swiber Holdings Limited despite the downturn in the oil and gas industry as the Group clinches a total of US$405.6 million for a series of contracts,

Legal

'Run to Remember' by USCG Foundation

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced this year’s

Salvage, Wreck Removal Beset with Chronic Problems

The basic nature of maritime casualties, salvage and wreck removal has evolved rapidly over the last few years. Ships and offshore constructions have become more technologically elaborate,

JIT Transit Slots Reduced at Panama Canal

The Panama Canal has experienced an unusual increase in the number of vessels awaiting transit during the past few weeks. Several measures have been implemented to reduce the backlog,

Finance

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

Panama Canal Sets Sight on Another Expansion

As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion

Baltic Sea Freight Index Flat on Muted Vessel Activity

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained steady on Thursday due to a muted vessel activity.

News

Greek Ferry Runs Aground in the Aegean

A Greek ferry ran aground on the Aegean island of Kassos overnight, the AP is reporting.      None of the 227 passengers and 55 crew were injured and a tug

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

SAL Heavy Lift Performs Offshore Windfarm Work

MV Lone proves as project platform for Wikinger wind farm   SAL Heavy Lift informs it has completed the second phase of the Wikinger Pile Testing Campaign with DP II Class vessel MV Lone.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Simulators 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: 0.2566 sec (4 req/sec)