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Panama Canal imposes “freshwater” charge

(Reuters) - A new “freshwater” charge introduced this month to help the Panama Canal cope with climate change will cost the shipping industry up to US$370 million a year, marking another blow for maritime companies already hit by fallout from the coronavirus outbreak. The Panama...

New Panama Canal Bridge Ready To Begin

Work on the Fourth Bridge over the Panama Canal is set to begin at the end of March according to the Chinese construction consortium and the Ministry of Public Works. The consortium and the ministry reported that the alignment of the project and an understanding...

The Panama Canal is running out of water

For over 100 years, the Panama Canal has been a staple of world trade, allowing cargo ships to avoid the long, tricky route around the southernmost tip of South America. Now things may have to change. Since it opened back in 1914, the canal has...

Panama Canal revenues up 3.9%

(Newsroom Panama) Revenues of the Panama Canal closed at $ 3.365.9 billion during fiscal year 2019, an increase of 3.9% reports the Panama Canal Authority (ACP) . Toll revenues, mostly driven by the container ship segment were, $2,592.5 billion said a press release published on...

New gas-to-power scheme for Panama

Liquefied natural gas (LNG) shipping company Gaslog Ltd said on Wednesday it had struck a deal to lease a tanker for 10 years to a gas-to-power project in Panama being developed by a Chinese company and supplied by Royal Dutch Shell. Gaslog will convert the...

Panama says canal operating normally; no ships detained

(Reuters) - Panama’s Canal Authority said on Wednesday that the canal was operating normally and without delays, adding that no ships had been detained in the trade waterway. The entity posted the statement on Twitter in response to a tweet from Venezuela’s Vice President Delcy...

Is The Gran Canal de Nicaragua Dead In The Water?

TODAY NICARAGUA - Not a single ship. Not a single piece of work. Six years after 61 legislators loyal Daniel Ortega approved in the National Assembly the law of construction of the interoceanic canal or the Gran Canal de Nicaragua (GCN), Law 840, there...

Trade war sparks Panama Canal reshuffle

Japan has overtaken China to become the second-biggest user of the Panama Canal amid an escalating trade war between Beijing and Washington, canal authorities said Thursday. China’s slip to third is due to decreased shipments of natural and liquid petroleum gas as the Asian giant...

While America slept, China gained a stranglehold on the Panama Canal

St.Louis Post-Dispatch - Decades have passed since tiny Panama ranked among Washington’s big national security concerns. The 1989 U.S. invasion notwithstanding, the two nations have enjoyed largely cordial relations since the Panama Canal handover in December 1999. A boom in canal transits that include two-thirds...

Where Is The Border Between North and South America?

The Panamanian border with Colombia is the demarcation between North and South America. The boundaries between the continents of Earth are generally a matter of geographical convention. Several slightly different conventions are in use. The number of continents is most commonly considered seven but may...

The Panama Canal’s Forgotten Casualties

It was the greatest infrastructure project the world had ever seen. When the 77 kilometre-long Panama Canal officially opened in 1914, after 10 years of construction, it fulfilled a vision that had tempted people for centuries, but had long seemed impossible. “Never before has man...

Moody’s gives Canal expansion thumbs up

Eighteen months after the expansion of the Panama Canal began to operate, its performance exceeded expectations. According to a new Moody’s Investors Service report, the total tonnage of the channel increased 22% in fiscal year 2017 (from October 2016 to September 2017), as its...

Canal Future Could Rest On Going Green

The future of the Panama Canal in the face of accelerating climate change may depend on innovative green initiatives including floating solar panels. A solar project has a minimum life of 25 years, which means that the strip of land where the solar panels are...

Transit Board Conflict of Interest Probe

An investigation of all the members of the Board of Directors of the Transit Authority (ATTT) was initiated on Thursday, November 30, by the National Transparency Authority Against Corruption (Antai). Shipping Panama in the middle chamber of the new Agua Clara locks . Photo: Panama...

Why Didn’t The US Keep The Panama Canal?

TLDR: President Jimmy Carter really wanted to correct an injustice. His National Security Adviser, Zbigniew Brzezinski, stated that for Carter, the process of handing over the canal: represented the ideal fusion of morality and politics; he was doing something good for peace, responding to the...

Panama Canal Reports Record Cargo Volumes

The Panama Canal Authority reported that the expanded waterway reached a record throughput in the last fiscal year, handling a record 403.8 million tonnes of cargo. The 2017 fiscal year figures were the largest amount of annual tonnage ever transited in the canal’s 103-year history...

Panama’s Convention Centers

Two new projects in Panama and opening in 2018 – seek to attract convention visitors. With 58,000 square meters (624,000 square feet), Panama’s planned Amador Convention Center (Centro de Convenciones Amador) will be the biggest in Latin America, according to the Panama Tourism Authority, which...

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