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Expanded Panama Canal celebrates five years of operations

Photo: ACP
The Panama Canal celebrated, last Saturday, five years of operations of the neo-panamax locks, inaugurated with great fanfare 26 June 2016.
The third set of locks gave the waterway a competitive edge by opening it to the transit of larger vessels, at a time when, especially, containerships had grown significantly in size.
In these five years, we went from the learning stage to reach the consolidation phase of an efficient and safe service to our customers, said Panama Canal Authority (ACP) Administrator Ricaurte Vasquez. None of this would have been possible without the vote of confidence that Panamanians gave the Canal, through the referendum, to execute the expansion programme, and the professionalism and commitment of the Canal s human resources,” he added. ....

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Florida Federal Court To Examine Issues Of Alleged Arbitrator Conflicts Of Interests In Panama Canal Case | Fox Rothschild LLP

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The parties in a $238-million dispute over the construction of the third set of locks for the Panama Canal is raising issues concerning alleged conflicts of interest on the part of the International Chamber of Commerce (“ICC”) arbitrators in the United States District Court for the Southern District of Florida.[1] The case may resolve rarely litigated issues concerning whether arbitrators who sit on multiple arbitration panels together or who support appointment of each other to lead arbitration panels have disabling conflicts of interest.
The case pits Grupo Unidos por el Canal, S.A. (“Grupo”), a consortium of Spanish, Italian, Belgian, and Panamanian construction firms, against Autoridad del Canal de Panama (“ACP”), the Panamanian entity that operates the Panama Canal and that sponsored the multi-billion-dollar, decade-long project to expand the Canal’s capacity by building a new set of locks (the ....

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