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Source: News Tribune
Source: New York Times
Source: Tulsa World
The Panama Canal on Wednesday set a target of no more than a week to reach a deal to jump-start a stalled multibillion-dollar expansion of the waterway amid a cost row, but its administrator said an agreement was falling into place.
Panama Canal Authority (PCA) head Jorge Quijano warned that failure to reach an agreement would leave no alternative but to complete the project without a consortium led by Spain’s Sacyr.
The builders stopped work early last week on doubling the canal’s capacity while a dispute rages over $1.6 billion (963.9 million pounds) in cost overruns and extra financing for the work, which is 70 percent done and due to be finished next year.
More at Reuters
APM Terminals Bahrain, and the operator of Khalifa Bin Salman Port, recently signed a three year Collective Bargaining Agreement with the Port Workers Union, valid from 2014 to 2017.
Speaking at the signing, Mr. Marco Neelsen, Chief Executive Officer of APM Terminals Bahrain said: “We will continue to invest in the well-being of our employees and their families to jointly ensure the smooth continuity of activities. Working together to improve performance quality and increase productivity – we will strengthen the future success of Bahrain’s ports to foster a safe and healthy work environment for our employees.”
More at Zawya
Source: Global Post
Source: Lohud
Source: Christian Science Monitor
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