The Nicaragua National Assembly has ratified the government’s commercial agreement with HKND Group to develop the Nicaragua Canal and Development Project.
Panama Canal News
Read news and analysis on the Panama Canal, including discussions of development and reports on tolls and traffic, including ocean carrier strategies involving use of the Panama Canal for all-water service from Asia to the U.S. East Coast.
The Panama Canal Authority is currently much of the way through a multi-year expansion program that involves the construction of two new sets of locks, on the Pacific and Atlantic sides of the canal, to accommodate larger ships. The project also involves the widening and deepening of navigational channels in Gatun Lake, as well as the deepening of Culebra Cut.
For specific updates and insight into the expansion project slated for completion in 2015, readers should also consult the JOC’s Panama Canal Expansion special topic.
News & Analysis
12 Jun 2013
The number of container ships passing through the Panama Canal continued to slide in May 2013, down 9 percent year-over-year. The pace of the decline has accelerated over the past two months.
10 Jun 2013
HK Nicaragua Canal Development Investment Co. is working with the Nicaraguan government on an interocean canal project that could rival the Panama Canal, The Washington Post reports.
05 Jun 2013
The Panama Canal Authority has launched a trial period for its just-in-time service, which will allow vessels to arrive at the Panama Canal closer to their scheduled transit time.
20 May 2013
Rebecca Blank, U.S. acting commerce secretary, has wrapped up her week-long Latin America trade mission in Panama, which highlighted the importance of the U.S.-Panama bilateral trade relationship.
16 May 2013
LONG BEACH, Calif. — As North American container ports compete fiercely for market share, it’s becoming clear that the winners will be those that reliably and efficiently handle mega-ships on the water and land side of the berths.
03 May 2013
Container shipping lines are shifting more of their all-water services from Asia to the U.S. East Coast to the Suez Canal route, instead of sailing through the Panama Canal.
11 Apr 2013
Officials with America’s Central Port in Illinois and the Port of New Orleans have formalized a marketing agreement to identify and facilitate commercial opportunities between the two ports.
10 Apr 2013
WASHINGTON, D.C. — The debate over U.S. infrastructure funding surfaced at a Senate hearing on the expansion of the Panama Canal today, with speakers noting the broad impact the bigger canal would have on U.S. ports, shipping lines, railroads and truckers.
09 Apr 2013
About 42 percent of the work on the new locks for the Panama Canal expansion has been completed, the Miami Herald reports.
Companies in the news
Jun 5, 2013 2:00PM EDT
Commentary
Annual Review & Outlook 2013: Panama Canal Authority