Quantcast

Latest Panama Canal Stories

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
jument
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.
Related