Since 1826, when US Secretary of State Henry Clay floated the idea before Congress and Congress turned it down, an interoceanic canal through Nicaragua has been characterized as a fool’s errand.
30 Mar 2015
Officials at the Panama Canal on Monday were still working their way through a significant vessel backlog after an “unusual” increase in the number of ships awaiting transit began to back up outside the waterway weeks ago.
26 Mar 2015
A year before its scheduled completion of a $5 billion-plus expansion, the Panama Canal Authority is discussing the idea of building even larger locks to allow head-to-head competition with the Suez Canal.
18 Mar 2015
The agency responsible for the operation and management of the Panama Canal has asked for an international arbitration panel to review a $233 million award to the consortium expanding the waterway.
17 Mar 2015
Environmentalists and human rights activists warn that Nicaragua’s granting of a 100-year concession to a Hong Kong construction firm with unclear financial backing sets in motion a nightmarish scenario fraught with violence, depletion of the region’s largest source of freshwater and destruction of biodiversity.
09 Mar 2015
A new design for a refrigerated ship built for banana shipments and roll-on, roll-off cargo promises more capacity, faster loading and unloading, and better fuel efficiency than its counterparts, its designer says.
03 Mar 2015
The Panama Canal Pilots Union, which is in negotiations for a new five-year contract, said it was encouraged by statements made by Panama Canal Authority CEO Jorge Quijano at the 15th annual TPM Conference here Tuesday.
03 Mar 2015
Panama Canal Authority CEO Jorge L. Quijano said that it’s possible for Nicaragua and its Hong Kong backer to build a rival canal in five years, but it’s not a “feasible investment from a private investment standpoint.”
23 Feb 2015
The Panama Canal Authority is setting its sights on retaining the increase in container volumes from Asia to the U.S. East and Gulf Coast ports it gained in recent months, thanks to shippers diverting cargo from congested West Coast ports.
04 Feb 2015
After three years and near-derailment, APM Terminals has announced its long-delayed seaport on Costa Rica’s Caribbean coast will begin operations in 2018.
02 Feb 2015
When Panama wanted to expand its canal it sought the permission of its citizens through a referendum in 2006 that showed overwhelming approval for the $5.25 billion project. In contrast, Nicaragua allowed a Hong Kong-based company to begin construction in December with no referendum, and is seeing violent resistance to the project, said Panama Canal Authority CEO Jorge L. Quijano.