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China's state-owned shipping giant Cosco aims to secure at least 20%-30% stake in a $23 billion ports deal involving ...
Panama’s voters approved a 2006 referendum authorizing a major expansion of the canal to accommodate larger, modern cargo ships. The expansion took until 2016 and cost more than $5.2 billion.
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A subsidiary of a Hong Kong conglomerate entangled in U.S.-China tensions appealed for legal protection for businesses ...
In 1903 the U.S. sought a permanent concession for a canal from Colombia, which rejected the proposal. In response, the U.S. supported Panama’s independence, which was declared on Nov. 3.
No international dignitaries came and news was barely reported: “The Panama Canal is open to the commerce of the world,” announced The New York Times, almost apologetically, on page 14.
The U.S. controlled access to the canal for decades until then president Jimmy Carter signed treaties in the late 1970s that ultimately turned it over to Panama in 1999.
Chinese antitrust regulators are investigating a US consortium’s deal for two ports in the Panama Canal zone, delaying the deal’s closing that was originally set for next week.
Some 35 to 40 vessels transit the waterway each day, and the canal is estimated to handle about six per cent of world maritime commerce. Panama began the expansion nearly a decade ago.
The Panama Canal has spent the past few years battling extreme weather, with the El Niño phenomenon and severe drought leading to a water-level crisis. Now, it’s President Trump’s trade war ...
The Suez Canal, an alternate route for vessels travelling between the United States and Asia, has handled congestion issues “very well over the years,” making it “less of an issue, but obviously it’s ...
Under Panama’s constitution, the canal is managed by the Panama Canal Authority, with some of the tolls going into the national treasury. The authority said last week that it had deposited almost US$2 ...
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