(Ouramazingplanet) View from space: The Panama Canal twists for 51 miles (82 km) through Central America. A major fault line, which hasn't ruptured in almost 400 years, snakes underneath the waterway near its outlet to the Pacific Ocean. Credit: NASA. Panama's capital city and its iconic canal could be at risk for a major earthquake, according to new … [Read more...]
Party time on the Panama Canal
(NZHerald)Hands up those who think the Atlantic Ocean is higher than the Pacific Ocean. A few arms were raised. "Hands up if you think the Pacific is higher than the Atlantic." More went up this time. "Who thinks sea-level is sea-level no matter where it is." It was a relief to see more votes cast for this one, but many still seemed unsure. The good thing was that … [Read more...]
Panama Canal key to relationship with Canada
(Montreal Gazette)It's easy to brush off or ignore the federal government's attempt to play up the virtues of its recently negotiated free-trade deal with Panama. The country has a GDP of $28.2-billion, which pales in comparison with Canada's $1.5-trillion economy, and exports to Panama were a rather meagre $91-million last year. But rather than focus on the … [Read more...]
Panama Canal cheers millionth ship to use canal
A Chinese bulk carrier has become the millionth vessel to cross the Panama Canal since it was built almost 96 years ago. Panama Canal authorities are marking the milestone by presenting the Hong Kong-flagged Fortune Plum's captain a plaque and a photo of the vessel as it crossed the waterway on Sept. 4. Panama Canal vice president of operations Manuel Benitez presented … [Read more...]
Panama Canal Revenues Up 3%
Difficult times but Canal revenue continues to climb Tuesday, 05 October 2010 15:14 Panama Canal toll revenues were up 3 percent to $1,482 billion in the fiscal year that ended September 30. The figure does not include revenue from other sources like maritime services and the sale of electricity. The Canal also saw an increase in cargo shipments for … [Read more...]