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Latest Panama Canal Stories

2009-06-01 15:49:48

A $5.25 billion expansion of the Panama Canal is on time and on target for completion in five years, the head of the canal's supervisory authority says. We are very much on time and on target, Panama Canal Authority chief Alberto Aleman said concerning the project that will allow super-sized tankers to traverse the Central American isthmus between the Pacific and Atlantic oceans, the Los Angeles Times reported Monday. The projec is expected to be completed in 2014. When it is done, there will...

2009-05-21 09:00:00

Caterpillar CEO Jim Owens tells Senate Finance Committee the agreement will increase exports to Panama WASHINGTON, May 21 /PRNewswire-FirstCall/ -- Caterpillar Inc. (NYSE: CAT) Chairman and Chief Executive Officer Jim Owens testified on Thursday, May 21, before the United States Senate Finance Committee in support of passage of a Trade Promotion Agreement (TPA) between the United States and Panama. "Time and time again, we have seen the benefits of expanding our opportunities for trade,"...

2009-02-20 12:23:00

SEATTLE, Feb. 20 /PRNewswire/ -- Holland America Line offers an unprecedented number of Panama Canal sailings in 2009, offering 45 total cruises on nine different ships departing from five separate ports. Guests can experience daylight transits of the historic and fascinating Panama Canal and itineraries that feature diverse and intriguing ports of call on voyages. "We've increased our Panama Canal capacity significantly this year to make 2009 a very exciting season, especially with full...

2008-10-01 15:00:16

PLANO, Texas, Oct. 1 /PRNewswire-FirstCall/ -- As the Panama Canal Authority (Autoridad del Canal de Panama, or ACP) proceeds with its $5.25 billion, seven-year canal expansion project, solutions from ViewCast Corporation (BULLETIN BOARD: VCST) will play an important role in historical documentation and public information. The ACP has chosen ViewCast's Niagara(R) 7224 video encoding system to enable Web streaming of a wide variety of live and on-demand programming related to the expansion...

2008-09-25 21:00:21

By Gary Bogue PANAMA CITY, Panama PANAMA CITY is an amazing city. Its skyline is certainly as spectacular as San Francisco's -- some might even say more so -- with its tall skyscrapers. And more modern buildings are under construction, even as we speak. (Donald Trump is building the Trump Ocean Club International Hotel and Tower in the shape of a 68-story sail!) What makes this cosmopolitan city amazing is that it springs up out of a primitive rain forest. A green jungle is just a...

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2008-07-31 10:27:11

Contrary to previous evidence, a new University of Florida study shows the Isthmus of Panama was most likely formed by a Central American Peninsula colliding slowly with the South American continent through tectonic plate movement over millions of years. The study, co-authored by Florida Museum of Natural History researchers Michael Kirby, Douglas Jones and Bruce MacFadden, is published in the July 30 issue of PLoS ONE, the online journal of the Public Library of Science. The study uses...

2006-08-24 19:52:51

PANAMA CITY (Reuters) - Eighteen nations are preparing for a weeklong series of maneuvers off Panama's coast designed to safeguard the country's famous canal from terror attacks, a U.S. military chief said on Thursday. "All nations of the Western Hemisphere have a vested interest in safeguarding this vital waterway," said Cmdr. Bruce Erickson of the U.S. Southern Command in Panama City on the eve of the official start to "Panamax 2006," an annual event sponsored by the United States...

2006-04-24 21:57:30

By Mike Power PANAMA CITY (Reuters) - Panama unveiled an ambitious $5.25 billion plan on Monday to expand its famous canal to handle a new generation of mammoth cargo ships and oil tankers. Opened in 1914 at a cost of 25,000 lives, the Panama canal was considered a masterpiece of engineering. It makes a shortcut between the Pacific and Atlantic Oceans, saving ships the long trip around South America and the treacherous Cape Horn. While much of the canal is made up of roomy lakes,...

2006-04-25 00:50:00

By Mike Power PANAMA CITY -- Panama unveiled an ambitious $5.25 billion plan on Monday to expand its famous canal to handle a new generation of mammoth cargo ships and oil tankers. Opened in 1914 at a cost of 25,000 lives, the Panama canal was considered a masterpiece of engineering. It makes a shortcut between the Pacific and Atlantic Oceans, saving ships the long trip around South America and the treacherous Cape Horn. While much of the canal is made up of roomy lakes, modern large-bulk...

2006-04-24 18:54:02

PANAMA CITY (Reuters) - Panama will invest $5.25 billion to expand its famous canal so it can handle the new generation of mammoth cargo ships and oil tankers, top executives announced on Monday. The eight-year expansion project will require loans of up to $2.3 billion but the entire project will be financed from higher tolls and it will not add to Panama's sovereign debt, said Alberto Aleman, chief executive of the Panama Canal Authority.


Word of the Day
call-note
  • The call or cry of a bird or other animal to its mate or its young.
'Call-note' is newer than 'bird-call,' which originally referred to 'an instrument for imitating the note of birds' but now also refers to 'the song or cry of a bird.'
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