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Keyword: panamacanal

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  • The Panama Canal Is Running Dry:Climate extremes are wreaking havoc on global shipping. [oh, no]

    02/07/2024 4:38:54 AM PST · by xoxox · 76 replies
    Foreign Policy via McKinsey ^ | JANUARY 15, 2024, 8:00 AM | Mie Hoejris Dahl, a Danish freelance journalist based in Mexico City.
    For months, a withering drought has created major traffic jams at the Panama Canal. The drought, which may have been exacerbated by climate change, has left the canal’s water levels lower than ever, forcing Panama to let fewer ships through. The restrictions have led to delays, increased shipping costs, and uncertainty over the future of one of the world’s critical trade chokepoints. “This has fundamentally changed how shipping through the canal works,” said Soren Stokkebaek Andersen, a regional commercial manager at Leth Agencies, a shipping agency.
  • Panama Chaos Grows as US Diesel Shipper Takes the Long Route

    12/08/2023 9:58:25 AM PST · by texas booster · 46 replies
    G Captain ^ | Dec 5 2023 | Staff
    The worsening bottlenecks at the drought-stricken Panama Canal are pushing at least one US diesel shipper to sail around the tip of South America en route to Chile for the first time since 2020. The vessel Green Sky is hauling ultra-low sulfur diesel loaded at Citgo Petroleum Corp.’s Clifton Ridge terminal in Louisiana to Valparaiso, Chile, according to Bloomberg vessel tracking and Kpler. Rather than traversing through Panama, the vessel is headed down the eastern coast of South America toward the Strait of Magellan, the first such voyage for a cargo of Gulf Coast diesel since 2020, according to Kpler....
  • 2 gas tankers traveled across the Pacific but U-turned just short of the Panama Canal because low water levels have created a traffic jam

    11/08/2023 3:44:40 AM PST · by where's_the_Outrage? · 35 replies
    Business Insider ^ | Nov 7, 2023 | Aruni Soni
    Two gas tankers crossed the Pacific, then U-turned within 10 miles of the Panama Canal, Bloomberg reported. An intense drought has lowered the canal's water level, limiting the number of ships that can pass through. That has created a massive backlog of ships waiting to cross, forcing some to seek alternate routes. Two gas tankers crossed the Pacific Ocean, but recently took a U-turn just short of the Panama Canal because of the huge traffic jam caused by low water levels, Bloomberg reported. The tankers, Pyxis Pioneer and the Sunny Bright, were within 10 miles of the canal before they...
  • China's take-over in America's back yard: How Beijing has spent $140BILLION on ports, roads, and power plants in Latin America and the Caribbean as Cuba signs a new energy deal while US influence fades

    10/19/2021 10:43:43 AM PDT · by DFG · 19 replies
    UK Daily Mail ^ | 10/19/2021 | Chris Pleasance
    On the face of it, America has little to fear from China's new deal to upgrade Cuba's power grid. The countries are already firm allies via their Communist leaders, Havana is under a diplomatic and economic embargo from Washington, and all efforts to mend ties between the two ended when Obama left office. But scratch the surface and what emerges is a picture of Chinese economic dominance in America's backyard that would be enough give any president sleepless nights. In fact, the deal with Cuba - signed this week as part of China's trillion-dollar Belt and Road Initiative - is...
  • Panama delivers a lesson to isolationists

    12/17/2006 12:20:18 PM PST · by j_accuse · 20 replies · 878+ views
    The Oppenheimer Report on Latin America ^ | 10.29.2006 | Andres Oppenheimer
    PANAMA CANAL'S LESSON: U.S. MUST BUILD BRIDGES, NOT FENCES --- LA LECCION DEL CANAL DE PANAMA Last weekend's decision by Panama to embark on a $5.2 billion expansion of the Panama Canal should teach a lesson to the new crowd of U.S. Latin America bashers -- often disguised as immigration control advocates on cable television networks -- about how wrong their predecessors were in one of Washington's biggest debates over Latin America ever. I'm talking about the 1977 Panama Canal treaties, which turned over full control of the canal to Panama in 2000. Read the full column here, and...
  • Passage To Prosperity

    10/22/2006 7:42:04 PM PDT · by Kitten Festival · 18 replies · 579+ views
    INVESTOR'S BUSINESS DAILY ^ | 22 Oct 2006 | Editorial
    Free Trade: If there was ever a referendum the whole world could celebrate, it might be Panama's huge canal expansion, expected to pass on Sunday. From Boston to Singapore, rarely have so many stood to gain so much. When Panama's 1.7 million voters hit the "yes" button for the $5.3 billion canal expansion, they'll put their fingers on a pivotal point that changes the course of history. President Martin Torrijos called the canal's biggest upgrade since its 1914 completion "vital" to his nation and energetically persuaded his cost-conscious countrymen to approve it. .... Panamanians were skeptical at first, but now...
  • Panama to vote on expanding canal

    10/20/2006 1:10:22 PM PDT · by Republicain · 13 replies · 561+ views
    PANAMA CITY, Oct 20, 2006 (AFP) - The Panama Canal is set for a major overhaul if voters Sunday approve a 5.25-billion-dollar plan to widen the strategic waterway to accommodate modern mega-ships. Proponents say the canal will reach capacity in 2012 and that its expansion is critical in the face of competition from other maritime routes. The government says the work would be financed by a hike in tolls, worth 1.2 billion dollars in 2005. Polls predict a victory of more than 70 percent in favor of the expansion in Sunday's referendum. "We are optimistic," said Rodolfo Sabonge, the director...
  • To Expand or Not to Expand: That's the Canal Question

    10/01/2006 2:45:42 PM PDT · by kellynla · 4 replies · 451+ views
    Inter Press Service News Agency ^ | Sep 30, 2006 | María Mercedes de la Guardia
    PANAMA CITY, Sep 30 (IPS) - On Oct. 22, Panamanians will head to the polls in a referendum to decide the future and possible expansion of the Panama Canal, the main economic driver of this country of three million people. The canal is expected to generate 1.4 billion dollars in the 2006 fiscal year, of which 560 million will go to the state coffers. According to the Panama Canal Authority (ACP), the proposed expansion would increase these revenues to 6.23 billion dollars by 2025, boosting treasury contributions to up to 4.19 billion. If to this year's 560 million are added...
  • Panama Canal Referendum in Three Weeks

    10/01/2006 2:41:40 PM PDT · by kellynla · 5 replies · 540+ views
    Trinidad Express ^ | September 28th 2006 | Roxanne Stapleton
    PANAMA will hold a referendum in three weeks to decide whether the Panama Canal will be expanded. However, Enrique Sanchez, manager of the Contracting Division of the Panama Canal Authority said yesterday that polls conducted across the Central American country, have shown overwhelming support for its expansion. If the project gets the green-light, it will be self financed at an estimated cost of US$5.25 billion. Gross revenue generated by the Canal for fiscal 2005/6 (fiscal year ends September 30, 2006), reached US$1.4 billion, with the Panamanian Government netting approximately US$600 million of that figure. "The Panama Canal has turned out...
  • Panama Canal Expansion Could Help US Cargo Flow

    10/01/2006 2:38:15 PM PDT · by kellynla · 30 replies · 761+ views
    Latin Business Chronicle ^ | September 26, 2006 | staff
    This view is expressed in a new study that has forecast North American container port demand nearly double in 10 years with most pressure falling on Pacific Coast ports. UK-based Ocean Shipping Consultants predicts demand to increase by up to 85 per cent to 85.7m TEU over 2005-15, and by a further 31 percent to 112.3m TEU over 2015-20. Even an increased-risk/protectionist scenario, incorporating a significant downturn in GDP expansion over 2011-15, would yield a container port demand increase of 55 percent to 71.8m TEU over 2005-15, with 25 percent growth over 2015-20, to 89.7m TEU In its report Containerport...
  • Nicaragua Plans New Canal to Rival Panama

    10/01/2006 2:32:23 PM PDT · by kellynla · 58 replies · 3,732+ views
    NewsMax.com ^ | Oct. 1, 2006 | Phil Brennan,
    A late 19th century idea has been resurrected to build a new canal in Nicaragua, at the same time Panama is planning to widen its own canal. Nicaraguan officials say next week they will announce their $20 billion proposal to build a canal linking the Pacific and the Atlantic oceans that would accommodate ships too large to use the Panama Canal, according to the Los Angeles Times. If it meets with the necessary approval by Nicaragua's Congress, the project would be a joint public-private venture financed by unnamed investors, Lindolfo Monjarretz, a spokesman for Nicaraguan President Enrique Bolanos, told the...
  • Wider Panama Canal Would Aid Chinese

    09/05/2006 1:19:23 PM PDT · by Trupolitik · 70 replies · 1,799+ views
    Human Events Online ^ | Sep 05, 2006 | Jerome Corsi
    Panama is planning to build a deeper, wider Panama Canal to allow Communist Chinese super-containerships carrying cheap 21st century slave-labor under-market goods to have direct access to the Gulf of Mexico and key NAFTA/CAFTA ports such as Miami. In the shipping industry, Panamex container ships are defined as those that are able to fit through the 1,000-foot long and 110-foot wide canal. Typically, Panamex containerships were designed to carry 4,500 TEU (“Twenty Foot Units,” the length measurement of the standard ocean steel container). The first generation of post-Panamex container ships was built to carry up to 9,800 TEU. Today, a...
  • Panama - Daughter of Manuel Noriega appointed to diplomatic post at Miami consulate

    02/18/2005 7:52:30 PM PST · by HAL9000 · 7 replies · 1,044+ views
    AFP via Babelfish translation | February 18, 2005
    The girl of the Noriega General named with the consulate from Panama in Miami PANAMA - One of the girls of the former strong man of Panama, the Manual General Noriega, was named as diplomat with the consulate from Panama in Miami, announced the minister panaméen Foreign Affairs Samuel Lewis. His/her father is imprisoned there since 1990. Sandra Noriega "is a qualified person who has the right to serve her country", affirmed Friday the minister. The father of the diplomat directed Panama of 1981 to 1989, after death in an air crash of the president panaméen Omar Torrijos, father...
  • China poised to take over U.S. base at Ecuador's invitation

    12/09/2007 7:05:00 AM PST · by sukhoi-30mki · 21 replies · 398+ views
    World Tribune ^ | December 7, 2007
    China poised to take over U.S. base at Ecuador's invitation Ecuador’s president has offered the Chinese government an airbase currently serving as one of the last U.S. military outposts in South America. Ecuadorian President Rafael Correa said during his recent visit to China that he would offer Beijing a lease on the Manta Airport, the presidential website reported last week. Currently, Manta is used by U.S. military forces for operations. The contract is up in 2009 and Correa will not renew it, a transport and public works ministry communications official told BNamericas. Correa said access to the air base is...
  • DEVELOPING: Ecuadorian Right-Wing Presidential Candidate Fernando Villavicencio Assassinated at Campaign Rally (VIDEO)

    08/10/2023 5:31:28 AM PDT · by Red Badger · 20 replies
    Gateway Pundit ^ | Aug. 9, 2023 7:39 pm | By Cristina Laila
    Ecuadorian right-wing Presidential candidate Fernando Villavicencio was assassinated at a campaign rally on Wednesday. Fernando Villavicencio was reportedly shot in the head three times. A grenade was also found at the scene. WATCH: Quedó grabado el Momento exacto en que matan a Fernando Villavicencio!! pic.twitter.com/7kpqUzwzQ4 — Emergencias Ec (@EmergenciasEc) August 10, 2023 According to local media reports, supporters of Fernando Villavicencio managed to capture a suspect after the assassination. WATCH: Simpatizantes de Fernando Villavicencio lograron capturar a un sospechoso del crimen al candidato. pic.twitter.com/juqh67WlYk — Ronald Vinces (@RonaldVinces5) August 10, 2023 Additional footage of the immediate aftermath and chaos was...
  • Drought-hit Panama Canal to restrict access for one year

    08/26/2023 3:53:29 AM PDT · by FarCenter · 45 replies
    Panama City (AFP) – The drought-hit Panama Canal will maintain restrictions on the passage of ships for one year, a measure that has already led to a marine traffic jam as boats line up to enter the waterway linking two oceans. The canal is facing a shortage of rainwater needed to transfer ships through locks that function like water elevators, an engineering marvel that moves six percent of the world's maritime commerce up and over the isthmus between the Atlantic and Pacific oceans. The canal's sub-administrator Ilya Espino, told AFP that unless heavy rains fall in the next three months,...
  • Drought Causes 154-Ship Traffic Jam at Panama Canal

    08/11/2023 8:49:52 PM PDT · by Loud Mime · 46 replies
    Jalopnik Website ^ | Erin Marquis
    The Panama Canal, one of the major shipping routes through which 40 percent of container goods sold in America travels, currently has a 21-day wait time for ships attempting to make the passage. And the situation will only get worse before it gets better. The number of vessels waiting to sneak between North and South America currently stands at 154. The traffic jam is thanks to a severe drought that has afflicted the area since this Spring. About $270 billion in cargo travels through the canal every year... snip Not only are reservations for making it through the canal cut...
  • John Hay: The Most Important Person You Have Never Heard Of

    03/20/2023 10:48:45 AM PDT · by SunkenCiv · 15 replies
    YouTube ^ | July 1, 2020 | Lance Geiger, as The History Guy
    John Hay was President Lincoln's personal secretary, a position that began nearly five decades of public service. A diplomat who served multiple Administrations from Lincoln to Roosevelt, he was a central figure in defining the U.S. foreign policy that would be the basis of the United States role on the world stage in the twentieth century.This is original content based on research by The History Guy. Images in the Public Domain are carefully selected and provide illustration. As very few images of the actual event are available in the Public Domain, images of similar objects and events are used for...
  • David McCullough, Best-Selling Explorer of America’s Past, Dies at 89

    08/08/2022 9:23:29 AM PDT · by Borges · 37 replies
    NYT ^ | 8/8/22 | Daniel Lewis
    David McCullough, who was known to millions as an award-winning, best-selling author and an appealing television host and narrator with a rare gift for recreating the great events and characters of America’s past, died on Sunday at home in Hingham Mass. He was 89. The death was confirmed by his daughter Dorie Lawson. Mr. McCullough won Pulitzer Prizes for two presidential biographies, “Truman” (1992) and “John Adams” (2001). He received National Book Awards for “The Path Between the Seas: The Creation of the Panama Canal” (1977) and “Mornings on Horseback” (1981), about the young Theodore Roosevelt and his family. Deep...
  • Coronavirus Update: Contradictions Over Reported Panama Canal Transit Permission For Holland America Ships

    03/29/2020 1:27:15 PM PDT · by Capt. Tom · 33 replies
    CBS Miami ^ | March 29, 2020 | Staff
    <p>Later that night, Holland America released a statement that it was working to facilitate the transit for the Zaandam and Rotterdam.</p> <p>“We are aware of reported permission for both Zaandam and Rotterdam to transit the Panama Canal in the near future. We greatly appreciate this consideration in the humanitarian interest of our guests and crew. This remains a dynamic situation, and we continue to work with the Panamanian authorities to finalize details,” Holland America’s statement read.</p>