The Panama Canal Expansion Might Be Delayed For Half A Year If GUPC And The Canal Authority Do Not Reach An Agreement

As much as the Panama financial crisis looks like it is, finally, ending, the hangover of the conflict is far from cured. The Autoridad del Canal de Panamá (Panama Canal Authority, or ACP) announced on Thursday that the expansion will not be ready by June 2015, as first planned, but by December of that year. The recent conflict, which has brought construction to a halt, will push the inauguration date of the new and improved canal six months further. And it could be even longer if next Tuesday,...