January 31, 2014

Panama Canal Upgrade Jolts U.S. Ports

Eric Sabo, Bloomberg Businessweek

The Associated Press

A century after U.S. President Theodore Roosevelt’s gunboat diplomacy made the Panama Canal a reality, the Panama Canal Authority is rushing to finish a $5.25 billion effort to keep the canal relevant. New locks and a deeper channel will accommodate ships 1,200 feet long (366 meters long) and 160 feet wide -- 25 percent longer and more than a third wider than the biggest ships that can use the canal today.

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TAGGED: Panama Canal Authority, Port Of Baltimore, Port Miami, Port Of New York, Panama, Panama Canal


January 20, 2014
Lowball Bid Comes Back to Haunt Panama Canal
Kriel & Dowsett, Reuters
A bitter dispute between the Panama Canal and a Spanish-led consortium of construction companies over the spiraling cost of expanding one of the world's busiest waterways was years in the making. The two sides are at odds over... more ››