(Sydney Morning Herald) FOR now, the future of global shipping is little more than a hole in the ground here, just a short distance from the Pacific Ocean. But what a hole. About 1.6 kilometres long, several dozen metres wide and more than 30 metres deep, the excavation is an initial step in the building of larger locks for the Panama Canal that should double the amount of … [Read more...]
Panama Canal Expansion reaches 28% complete
(Prensa.com) When called on stakeholders to develop the most important component of the expansion program of the Panama Canal, the Canal Authority (ACP) expected at least four companies were interested in the mega project that was conceived, and it was. When the process was open, came four consortia and four qualified to participate in the tender for the design and … [Read more...]
Panama Canal has contributed more than $8 billion to the country in 97 years
(Prensa.com) The Panama Canal-held tomorrow, Monday, 97 years of operations with a direct contribution total of more than 8000 $ 200 million, the most since December 31, 1999 to assume control of the Panamanians. "This anniversary is Canal on one of its most buoyant with an increase in full swing, which will empower the way in international transportation and development … [Read more...]
Panama Canal Undergoes Multi-Billion-Dollar Expansion
(Voice of America) Since the Panama Canal opened a passageway between the Atlantic and the Pacific Oceans nearly a century ago, nearly one million ships have sailed through. Building the channel across the Isthmus of Panama began in 1882, but disease, geography and politics delayed its completion until 1914. More than 27,000 workers lost their lives during construction. Now, … [Read more...]
Panama Canal on track for record year
(Newsroom Panama) While much of the world shuffles toward economic recovery from the economic crisis, the Panama Canal is heading for a record year. The news comes from the Canal’s administrator, German Alberto Zubieta just one week after the first concrete was poured for the widening of the Canal, predicted to produce a major boost in revenues, when completed in … [Read more...]