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Canal Project Slows Panama Economy Growth

Panama's economy expanded in May at its slowest pace since 2009 as major public works projects, including an expansion of the Panama Canal, slowed or wrapped up,

Panama Canal to Celebrate 100 Years

To commemorate its centennial, the Panama Canal will host a series of events August 14-15 in Panama City to highlight the impact of the waterway during the past century.

First Gates Delivered to Expanded Panama Canal Lock Complex – PHOTOS

The first of new lock gates for the expanded Panama Canal have been transferred to the lock complex on the Atlantic side, marking another milestone in the $5 billion project to widen the canal. The post First Gates Delivered to Expanded Panama Canal Lock Complex – PHOTOS appeared first on gCaptain Maritime & Offshore News.

Panama Canal: New Lock Gates Transferred to Atlantic Side

ACP informs that the Panama Canal Expansion has reached another important milestone with the transfer of the first gates to the new locks complex in the Atlantic side.

Expanded Panama Canal Fundamentally Flawed Says Veteran Pilot

Captain Jose Claus, a Panama Canal pilot with 22-years of experience guiding ships along this vital passage, strongly believes the locks for the new Panama Canal have a fundamental design [...] The post Expanded Panama Canal Fundamentally Flawed Says Veteran Pilot appeared first on gCaptain Maritime & Offshore News.

Panama Canal Expansion: Unintended Consequences

While airports, ports and GARVEEs are holding steady, according to several new Fitch Ratings reports, increasingly, state and local governments are realizing the benefits of risk transfer,

Panama Canal Expansion Not Good for All Ports?

Increasingly, state and local governments are realizing the benefits of risk transfer, cost certainty and asset preservation through public-private partnerships (P3),

Reportedly Ship Booked for First US Condensate Export

The first condensate cargo for export is due to load in Texas at the end of this week, headed via the Panama Canal to Asia, shipping sources said. Westport Petroleum Inc.

Panama Canal Cost Dispute Headed to Miami Court

A $180 million claim involving the Panama Canal's disputed $1.6 billion cost overrun is headed to arbitration court in Miami next week, canal officials said on Monday.

U.S. Companies Land Federal Government Contracts as They Avoid U.S. Taxes

Bloomberg: How to Win Billions in Federal Contracts on a Permanent Tax Holiday, by Zachary R. Mider: American manufacturer Ingersoll-Rand forged the tools that carved the Panama Canal and shaped Mount Rushmore. When it shifted its legal address to Bermuda in 2001 to reduce taxes, the maneuver sparked bipartisan outrage...

Daily Headlines: July 8, 2014

Nicaragua: The Nicaraguan government and officials with Hong Kong-based HKND Group revealed details of a $40 billion, 173 mile interoceanic canal project that might rival the expanded Panama Canal. Venezuela: Delta Airlines became the...Show More Summary

Nicaragua Sets Path of Panama Canal Rival

Nicaragua's government and Hong Kong-based HKND Group yesterday unveiled the route of a proposed $40 billion inter-ocean canal to compete with the Panama Canal that Sandinista officials hope will lift the Central American country out of poverty. While the canal has the support of President Daniel Ortega and most Nicaraguans,...

Nicaragua Approves $40 Billion Canal Route

A Nicaraguan committee approved a proposed route on Monday for a $40 billion shipping channel across the Central American country that would compete with the Panama Canal. The post Nicaragua Approves $40 Billion Canal Route appeared first on gCaptain Maritime & Offshore News.

Nicaragua Canal, A New $40 Billion Canal Will Lock Horns With The Panama Canal!

Almost 100 years after the inauguration of the Panama Canal in 1914, construction is set to begin for a new landmark canal. Known as the Nicaragua Canal, this would be among the biggest construction projects to be undertaken in recent times on the planet, reports ABC News. In the latest announcement pertaining to the Nicaragua

Panama Canal Cost Dispute Arbitration to Begin in July

Arbitration to decide who will bear the Panama Canal expansion project's $1.6 billion cost overrun, a dispute that temporarily halted work earlier this year, will

A Game-Changer for LNG Shippers

The Panama Canal expansion will clearly help LNG exporters, but what about tanker companies?

Dry Bulk Ship Rates Poised for Record Low on Indonesian Ore Ban

Freight rates for the biggest vessels to navigate the Panama canal are poised to slump to a record because of Indonesia’s ban on exports of nickel and aluminum ore, according to an operator of the ships. The post Dry Bulk Ship Rates Poised for Record Low on Indonesian Ore Ban appeared first on gCaptain Maritime & Offshore News.

Panama Canal Expansion Moving Forward

After the arrival of the second set of rolling gates, the Panama Canal Expansion keeps moving forward reaching a new milestone at the Pacific side with the pouring

San Diego Museum of Man in San Diego, California

The inauguration of the Panama Canal was a very big to-do in 1915, and one of the attractions of the related Panama-California Exposition was the opening of the San Diego Museum of Man. It wasn't a museum at first. It started out as a central exhibit of the expo, headed by archaeologist Dr. Show More Summary

2nd Shipment Of Gates Arrive At Panama Canal

  In another step forward for the Panama Canal Expansion Program, the second shipment of four rolling gates for the Third Set of Locks arrived today from port of Trieste,

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