Panama Canal raises maximum draft ahead of schedule
NewsThe Panama Canal will increase the maximum authorized draft to 45 feet, due to the stabilization of water levels of Gatun Lake.
Panamanian constitutional lawyer Miguel Antonio Bernal has advised the government that there is risk in privatising the future Corozal transhipment hub, a project supported by the Panama Canal Authority (ACP). The authority pre-qualified a number of interested bidders in April – APM Terminals, Terminal Investment Ltd, Terminal Link and PSA – to design, build, develop and operate the new facility. The project is planned for the east bank of the expanded canal, adjacent to the PPC Balboa facility
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