Free Republic 1st Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $87,668
Woo hoo!! And now less than $400 to go!! Thank you all very much!!

Keyword: panamacanal

Brevity: Headers | « Text »
  • Panama Canal Working to Increase LNG Vessel Capacity as Demand Grows

    02/22/2018 7:28:47 PM PST · by Oatka · 6 replies
    gCaptain ^ | Feb. 21, 2018 | gCaptain Staff
    The LNG carrier Oak Spirit transits the Expanded Panama Canal with a cargo LNG loaded from Cheniere’s Sabine Pass terminal. Photo Credit: Teekay Executives from U.S. LNG exporter Cheniere Energy met with representatives from the Panama Canal this week in Panama to discuss the waterway’s growing LNG vessel segment. (Underlines mine.) Since the opening of the Expanded Panama Canal in 2016, LNG has emerged as the fastest-growing segment for the waterway in part due to the United States emergence as a gas supplier to Asia and other global markets. To date, the Canal’s Neopanamax locks have transited more than 280...
  • Germany and Switzerland to help build coast-to-coast railway in South America

    12/22/2017 6:22:11 AM PST · by Olog-hai · 16 replies
    Deutsche Welle ^ | 12.17.2017 | Victoria Dannemann
    South America’s new transcontinental railway is considered to be one the biggest infrastructure projects of the century and is also known as the “Panama Canal on railway tracks.” A 3,755-kilometer land connection is set to be built between the continent’s Atlantic and Pacific coasts. Bolivia is a landlocked country, so the Andean nation is especially keen on getting the ball rolling soon. Bolivian President Evo Morales met Swiss President Doris Leuthard to sign a memorandum of understanding on the construction of the transcontinental railway. Morales met with representatives of German and Swiss railway firms, and Germany’s State Secretary of Transport,...
  • Southern U.S. Ports Break Records One Year After Panama Canal Expansion

    06/15/2017 10:35:00 AM PDT · by Oatka · 12 replies
    gcaptain ^ | June 14, 2017 | Rebecca Spalding
    [Bloomberg] The expansion also coincided with a population boom that has made the south home to 10 of the 15 fastest growing cities, according to the U.S. Census Bureau, meaning there is a growing market for goods being imported. At the same time, manufacturing growth throughout the south means shipping lines also can pick up American-made exports to transport abroad.
  • Panama Canal is a big deal again. (Carter gave it away in 1977)

    06/09/2016 1:37:41 PM PDT · by Memphis Moe · 47 replies
    CNBC | 5/9/2016 | Memphis Moe
    "A century after transforming global trade and markets, the Panama Canal is about to revamp world trade once again. On June 26 the canal is scheduled to reopen after a massive project costing more than $5 billion that will allow bigger ships to pass through the 102-year-old waterway, doubling cargo capacity. U.S.-based businesses are recognizing the new growth opportunities. Many logistics experts predict the expansion of the so-called Panamex may shift international trade routes, allowing ships to reach Asia from the U.S. Gulf Coast more than two weeks faster than going east through the Suez Canal." Excerpt; full story at...
  • Panama Canal expansion seen to open by July

    03/23/2016 8:09:49 PM PDT · by george76 · 16 replies
    Manila Bulletin | March 23, 2016 | NAUREEN S. MALIK
    The expansion of the Panama Canal, a $5.3 billion project almost two years behind schedule and plagued by cost overruns and contractor disputes, is expected to open by the end of June, according to the agency that operates the waterway. The Panama Canal Authority has resolved problems associated with contractors and seepage from the new locks discovered during testing, said Jose Ramon Arango, senior international trade specialist at the agency that operates the 50-mile (77- kilometer) waterway connecting the Atlantic Ocean to the Pacific Ocean. The authority is planning a test of the new locks with a tanker in May...
  • Concrete Sample from the New Panama Canal Locks Does Not Look Good (trunc)

    08/28/2015 2:10:05 AM PDT · by SWAMPSNIPER · 87 replies ^ | 08/27/15 | Mike Schuler
    A core sample pulled from the concrete of the Cocoli Locks where cracks and leaks have appeared does not bode well for the Panama Canal expansion project, which is on a strict deadline for completion in April 2016.
  • $50 billion canal in Nicaragua could allow Chinese submarines to cross from the Atlantic to…

    06/20/2015 9:27:08 PM PDT · by Olog-hai · 33 replies
    Daily Mail (UK) ^ | 13:15 EST, 19 June 2015 | James Dunn
    A $50 billion canal to be built by a Chinese tycoon in Nicaragua would be deep enough to allow submarines to pass through undetected. Billionaire Wang Jing has spearheaded what is one of the biggest engineering projects in the world and is three times the size of any other canal, yet shipping forecasters don’t anticipate a need for such a route in terms of trading. Many believe that Wang, who has not disclosed who his investors are, may be backed by the Chinese Government who hope to get a foothold in the continent where business has traditionally been dominated by...
  • Panama officials at OTC say expanded canal could be a gateway to LNG business

    05/06/2015 5:17:28 AM PDT · by thackney · 6 replies
    Fuel Fix ^ | May 5, 2015 | Robert Grattan
    HOUSTON — Panama is well positioned to serve as a distribution hub for the liquefied natural gas that will power Central America in the future, the country’s officials told attendees at Houston’s Offshore Technology Conference on Tuesday morning. The biggest advantage the country has is its namesake canal, an overseas shortcut linking the Atlantic and Pacific Oceans, panelists said at the breakfast talk. The canal is currently too small to handle LNG tankers, but a multi-billion dollar expansion is in the works that will allow all but the largest gas-carrying ships to pass. The massive construction project was interrupted by...
  • Japan's WW II super-submarine found scuttled off Hawaii

    12/03/2013 8:27:28 PM PST · by Utilizer · 65 replies
    cbcnews ^ | Posted: Dec 03, 2013 10:29 AM ET | Thomson Reuters
    Scientists plumbing the Pacific Ocean off the Hawaii coast have discovered a Second World War era Japanese submarine, a technological marvel that had been preparing to attack the Panama Canal before being scuttled by U.S. forces. The 122-metre "Sen-Toku" class vessel — among the largest pre-nuclear submarines ever built — was found in August off the southwest coast of Oahu and had been missing since 1946, scientists at the University of Hawaii at Manoa said. The I-400 and its sister ship, the I-401, which was found off Oahu in 2005, were able to travel one and a half times around...
  • Mystery of the lost WWII Japanese mega submarine that could travel around the world 1.5 times before

    12/04/2013 11:47:20 AM PST · by BenLurkin · 25 replies
    A Japanese submarine that was preparing to attack the Panama Canal during World War Two has been discovered off the coast of Hawaii. The 400-foot (122-meter) ‘Sen-Toku’ class vessel - among the largest pre-nuclear submarines ever built - was found by chance in August off the southwest coast of Oahu. It has been missing since 1946 according to scientists at the University of Hawaii at Manoa. The I-400 and its sister ship, the I-401, which was found off Oahu in 2005, were able to travel one and a half times around the world without refuelling.
  • Panama Canal claims $737 million in cost overruns

    12/26/2014 3:41:58 PM PST · by george76 · 23 replies
    AFP ^ | 27 December 2014
    The consortium building the third set of locks for the Panama Canal is making fresh claims for cost overruns totaling $737 million ... Work began in 2007 to expand the canal with a third set of locks to enable it to handle the modern mega-freighters that global shipping companies prefer. But the $5.25 billion project has been plagued by delays, strikes and a bitter dispute over $1.6 billion in cost overruns with the consortium carrying out the upgrade, led by Spanish construction firm Sacyr. Initially scheduled for completion in 2014, the project's due date has been pushed back to early...
  • China To Build Nicaragua Canal, "World's Largest Infrastructure Project Ever"

    08/06/2014 9:14:07 PM PDT · by blam · 50 replies
    Zero Hedge ^ | 8-6-2014 | Tyler Durden
    Tyler Durden 08/06/2014 A month ago, a Nicaraguan committee approved Chinese billionaire Wang Jing's project to create The Nicaraguan Canal. With a planned capacity to accommodate ships with loaded displacement of 400,000 tons (notably bigger than The Panama Canal), the proposed 278-kilometer-long canal that will run across the Nicaragua isthmus would probably change the landscape of the world's maritime trade. "The project is the largest infrastructure project ever in the history of man in terms of engineering difficulty, investment scale, workload and its global impact," Wang told reporters, adding that with regard the project's financing, which is around $50 billion,...
  • That scraping sound you hear is California being dragged to her death by insane liberals

    07/25/2014 8:49:41 AM PDT · by Oldpuppymax · 18 replies
    Coach is Right ^ | 7/25/14 | Kevin "Coach" Collins
    After almost 100 years the owners of the Panama Canal realized they had to widen its lanes to accommodate larger cargo ships. Once the decision was made they opted to make a huge leap and configure their capabilities to allow ships carrying up to 2 ½ times the containers that have been in use for the past several years. The nation of Panama did not make this move in secret. The idea was unveiled in early 2006 and finally voted on in a referendum held on Oct 22, 2006. The idea of widening the shipping lanes passed 77% to 22%....
  • California Economy Threatened by Texas from Panama Canal Expansion

    05/05/2014 8:45:05 PM PDT · by Moseley · 35 replies
    American Uncensored News Network ^ | June 5, 2013 | Jonathon Moseley
    California will take another hit right in the struggling economy starting April 2015. Instead of loading and unloading at California ports, many international cargo ships and oil tankers will start accessing the booming Texas economy. Texas is flourishing under Rick Perry’s Republican policies. A dramatic expansion of the Panama Canal will give more choices to massive, new cargo ships. The Panama Canal has been at maximum capacity, with more ships transiting the Isthmus of Panama than the canal was designed to handle. But more importantly, changes in the shipping industry are in play. Massive new megaships are transforming the industry....
  • Remember the Panama Canal?

    01/31/2014 10:20:42 AM PST · by 1rudeboy · 50 replies
    AEI ^ | Jan. 28, 2014 | Mark J. Perry
    This year marks the 100th anniversary of the canal’s opening, and you would be forgiven if you were unaware that billions of dollars in U.S. business is riding on its expansion.Control of the canal was turned over to the Panamanians under a 1979 treaty signed by President Jimmy Carter, and until recently, nobody seemed to care very much about what was going on there.  Now, however, there is good reason to pay attention. The canal holds the key to the export of U.S. natural gas – and possibly crude oil -- to markets in Asia.  This is a big...
  • Panama Canal expansion project: Have American fears come true?

    01/14/2014 7:28:00 AM PST · by Theoria · 59 replies
    BBC ^ | 13 Jan 2014 | Thomas Sparrow
    More than four years ago, when Panama awarded the lucrative contract to expand its inter-oceanic canal to a mostly European consortium, the United States was not pleased. An American company whose bid was unsuccessful, Bechtel, thought the winning tender would barely pay for pouring the concrete and that the consortium would probably try to renegotiate the price at some stage during the construction process. Some might argue that those American doubts have been justified, especially in view of the ongoing economic row between the European consortium and the Panamanian government agency that runs the waterway. The spat has threatened to...
  • China's plan to build £25bn rival to the Panama Canal across Nicaragua

    12/14/2013 6:02:25 AM PST · by mandaladon · 22 replies
    Daily Mail ^ | 14 Dec 2013
    Six months after the Sandinista government granted a Chinese businessman a 100-year concession to build a vast canal across Nicaragua, most of the nation is in the thrall of the imagined waterway. In the capital, Nicaraguans snap photographs of the plaster Virgin Mary perched on an altar against the backdrop of a supertanker traversing the country's biggest lake. 'Virgin Mary, bless the great trans-ocean canal!' declares the government-sponsored invocation behind her. From boardrooms in the capital to hamlets where goods move by horse cart, Nicaraguans say they are confident the £25billion ($40billion) canal will become reality, lifting their country from...
  • China's Largest Conglomerate Buys Building Housing JPMorgan's Gold Vault

    10/18/2013 2:20:09 PM PDT · by CincyRichieRich · 8 replies
    Zero Hedge ^ | 10-18-13 | Tyler Durden
    In what is the most remarkable news of the day, which has so far passed very quietly under the radar, Fosun International, China's largest private-owned conglomerate which invests in commodities, properties and pharmaceuticals also known as "Shanghai's Hutchison Whampoa", announced in a statement filed just as quietly with the Hong Kong stock exchange, that it had purchased JPM's iconic former headquarters, the tower built by none other than David Rockefeller, at 1 Chase Manhattan Plaza for a measly $725 million.
  • China and Colombia announce 'alternative Panama Canal'

    02/14/2011 11:26:43 AM PST · by Oakeshott · 59 replies
    BBC ^ | BBC
    Colombia has announced it is negotiating with China to build an alternative to the Panama Canal. The proposed transport route is intended to promote the flow of goods between Asia and Latin America. The plan is to create a "dry canal" where the Pacific port of Buenaventura would be linked by rail, across Colombia, to the Atlantic Coast. Trade between Colombia and China has increased from $10m in 1980 to more than $5bn last year. The announcement came from the Colombian president, Juan Manuel Santos, who told the Financial Times that the project was "a real proposal... and it is...
  • Nicaragua waterway to dwarf Panama canal (China Connecting to Atlantic)

    06/13/2013 1:50:09 PM PDT · by My Favorite Headache · 41 replies
    Nicaragua's parliament is due to vote on Thursday on one of the biggest infrastructure projects in Latin America's history – a trans-oceanic canal that is to be built and run by a Chinese company. If it goes ahead, the $40bn (£26bn) scheme, which is twice as expensive as Brazil's Belo Monte dam and likely to be three times longer than the Panama canal, looks set to transform global shipping and jump start the economy of this Central American nation. As well as the waterway, the draft agreement between Nicaragua and a Hong Kong registered firm — Nicaraguan Canal Development Investment...