Industry News

Panama Canal Expansion stopped for Strike

Work on the Panama Canal expansion has stopped again after the construction union Suntracs went on strike for an immediate 20% pay increase while management held out for 20% over four years, reported Lloyd’s List.

The canal expansion to be completed by the end of 2015 has already been set back this year when work stopped for two weeks due to a dispute between the Panama Canal Authority and the contractors over US$1.6 billion in cost overruns.

Contractors Grupo Unidos por el Canal said Suntrac’s unionised workers’ strike would result in delays in the canal expansion’s completion.

Currently they are working on the third set of locks to handle the larger mega ships for modern day shipping.

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