Canal Authority
The Panama Canal Authority continues to make big moves as it positions the waterway for the future. The latest announcement focused on plans to develop two new port terminals, one on the Pacific coast and one on the Atlantic. The…
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The Panama Canal generated $3.45 billion in profit in its recently completed fiscal year, a 9.5% increase from the previous year, despite drought conditions that limited the number of ships passing through the famous waterway. Canal operators could reduce operational…
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The Panama Canal, long regarded as one of the wonders of the world, just got a little more jaw-dropping. The Panama Canal Authority announced it was extending the maximum length of vessels transiting the locks, from 367.28 meters (1,205 feet)…
Read MoreThe liquefied-natural-gas industry is taking full advantage of the expanded Panama Canal. After a record number of transits in 2017, LNG traffic is expected to spike by 50 percent in the current fiscal year, according to Panama Canal Authority officials.…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.
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