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Secretary of State Marco Rubio sent a warning about the Panama Canal, saying the current status of the trade route is “unacceptable.” According to a summary of Rubio’s meeting with Panama ...
A Hong Kong-based conglomerate has agreed to sell its stake in two Panama Canal ports to U.S. and Swiss investors amid pressure from the Trump administration over the ports’ ties to China.
Since 2000 the canal has been operated by the Panama Canal Authority, whose administrator, deputy administrator and 11-member board are selected by Panama’s government but operate independently.
According to a study released in December by IDB Invest, 23.6% of Panama’s annual income is generated from the canal and companies that provide services related to the canal’s operations.
Panamanian President José Raúl Mulino on Thursday rejected U.S. claims that American warships and boats can transit the Panama Canal without paying a standard fee. In a weekly news conference ...
The Panama Canal shortcut greatly reduces the time for ships to travel between the Atlantic and Pacific oceans, enabling them to avoid the lengthy, hazardous route around the southernmost tip of South America via the Drake Passage, the Strait of Magellan or the Beagle Channel. Its construction was one of the largest and most difficult ...
A deal struck by BlackRock to take control of two key ports on either end of the Panama Canal essentially aligns the world's largest money manager with the preferences of the new Trump administration.
A New Panamax ship passes through the Panama Canal's Agua Clara lock in 2019. The Atlantic Bridge is seen in the background.. The Panama Canal expansion project (Spanish: ampliación del Canal de Panamá), also called the Third Set of Locks Project, doubled the capacity of the Panama Canal by adding a new traffic lane, enabling more ships to transit the waterway, and increasing the width and ...