(Prensa.com) Described by the Tourism Authority of Panama as one of the most visited tourist spots in the country, the Miraflores Visitor Center (CVM), located on the east side of the locks that bear the same name, is known as the window of observation closest to the Panama Canal. Sixta Diaz, general manager of the Miraflores Visitors Center, said the resort is open to the … [Read more...]
Panama Canal expansion will help to reduce maritime industry carbon footprint
(Physorg.com) Expanded sections of the Panama Canal are due to open in 2014 following an eight-year programme to widen and deepen the waterway in order to increase capacity for liner shipping. This will remove the breadth restriction of 32.2m (known as 'panamax' in the shipping industry) that has constrained ships using the canal since it opened in 1914. The main reason … [Read more...]
Panama Canal Expansion Workers End Strike
(Journal of Commerce) Workers on the Panama Canal expansion are returning to work Monday after agreeing to new terms with their contractor, ending a six-day strike. The multinational consortium Grupo Unidos por el Canal, responsible for the construction of a third set of locks in the waterway, said in a news release that the workers have agreed to a 13 percent wage increase … [Read more...]
Panama Canal Strike Enters Second Day
(Newsroom Panama) Over 3000 striking employees working on the Panama canal expansion demonstrated on Tuesday, January 17. It was the second day of a work stoppage. They are demanding the payment of overtime wages and a wage increase from the GUPC (United Group for the Canal) consortium. The protesters were into the second day of work stoppage and threatened to … [Read more...]
Panama’s 2011 GDP up 10 percent
(Prensa Latina)Panama will close 2011 with a growth in the Gross Domestic Product of over 10 percent, as announced by Panamanian Economy and Finance Minister Frank de Lima in a meeting with foreign reporters. De Lima said this growth, well above the seven-percent expected, is due to the mega-projects developed by the government, the work developed by the Free Trade Zone in … [Read more...]