The Panama Canal Expansion Program is nearing completion with the construction of the Third Set of Locks reaching 90% completion this month.
The Panama Canal Expansion Program will create a new lane of traffic along the Canal through the construction of a new set of locks, increasing the waterway’s capacity. The new locks will have three chambers, water-saving basins, lateral filling and emptying system and rolling gates. Here’s an update on the project from the Panama Canal Authority:
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A simmering dispute over control of key Panama Canal terminals is now spilling into global shipping lanes, with China detaining Panama-flagged vessels in its ports and U.S. regulators warning of potential fallout for international trade.
LNG bookings average one per day as Canal positions itself as key alternative for disrupted Middle East energy flows By Lori Ann LaRocco – LNG transits through the Panama Canal...
Hong Kong–based CK Hutchison Holdings said Friday it has intensified its legal response to Panama’s takeover of two key container terminals near the Panama Canal, escalating a dispute that has already drawn in major global shipping companies and geopolitical powers.
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