Panama Canal Sets Strict Pre-Qualification Bar for Terminal Bidders [Yahoo! Finance]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Yahoo! Finance
for parties interested in taking part in the development of two new port terminals and a countrywide energy pipeline. As part of the decade-long plan, the ACP is set to build out the Corozal terminal on the Pacific Ocean, and the Telfers gateway on the Atlantic Ocean. More from Sourcing Journal FMC Slaps MSC With $22.7M Fine Over Billing Violations Panama Court Voids Hutchison Ports Contract, Derailing $23B MSC-BlackRock Sale CMA CGM's New $10B JV Backs Port Strategy With Financial Firepower That project aims to increase Panama's national transshipment capacity by between 5 million and 6 million 20-foot equivalent units (TEUs) per year and strengthen Panama's position as a globally competitive intermodal hub. It is expected to cost $2.6 billion dollars and be completed by 2029. The documents indicate to interested parties how to provide the necessary documentation to participate in the bidding processes, according to a statement from the waterway administration last Frid
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News
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- Panama's president says port contracts will not be issued to a single operator [Yahoo! Finance Canada]Yahoo! Finance Canada
- Panama will not be threatened by China over canal court ruling, leader says [Yahoo! Finance Canada]Yahoo! Finance Canada
- The US wants to push China out of Latin America. The Panama Canal is the latest test [CNN]CNN
- The US wants to push China out of Latin America. The Panama Canal is the latest test [CNN]CNN