panama canal expansion

The Panama Canal broke its cargo transit record in fiscal year 2020, despite the pandemic and a trade war between the US and China.

Panama is preparing to officially open its canal this weekend to far bigger cargo ships after nearly a decade of expansion work aimed at boosting transit revenues and global trade.

President Juan Carlos Varela said Saturday that Panama's expansion of its century-old canal is now to be complete "around the month of May."

One year after a Chinese consortium began work on a canal across Nicaragua, there is little sign of progress.

A natural history museum designed by famed architect Frank Gehry opened in Panama City this week. The Biomuseo -- a project first conceived nearly 15 years ago and hampered by all kinds of issues -- welcomed in the public for the first time Thursday.

PANAMA CITY – A widened Panama Canal will be open for business in 2016 after a $400 million cash injection to help complete the long-delayed project was received, the waterway's chief administrator said Monday.

Experts hired by the Panama Canal Authority have identified remains of camels, crocodiles, the teeth of a giant shark, as well as bones of other animals millions of years old.

Some 14,000 ships and 280 million tons of merchandise cross the canal annually and five percent of world maritime traffic uses the Panama Canal.

Panama celebrated the 100th anniversary of its famous canal Friday with a ceremony and gala, even as it scrambled to make up lost time by enlarging it to maintain its competitiveness in the 21st century.

A two-week strike by workers expanding the Panama Canal has ended after they won wage increases, a union leader said Wednesday.