Tag Archives: Panamax ships

Sealanes: Nicaragua approves new Atlantic-Pacific canal

Nicarague Canal.mapOn Monday, the Nicaraguan government approved the route for the future canal that will cross the country and unite the Pacific and Atlantic oceans. Continue reading

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Sea lanes: Nicaragua’s plan for an inter-oceanic canal

A proposed new canal wll traverse Nicaragua from the Pacific to the Caribbean Sea and thus the Gulf of Mexico, Venezuela and South America, and the Atlantic Ocean. The project has caused consternation in both Washington and Ottawa.

Nicarague Canal.map

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Extension of Panama Canal project: More than an apple of discord

By NIDIA DIAZ, Granma International

Remilitarizing the Panama Canal. U.S. warship in Panama Canal, part of Panamax 2005 military exercises, in which the Canadian Forces also participated

HAVANA (May 12, 2006) – ON APRIL 24, Martín Torrijos, president of Panama, announced the official proposal for the extension of the Canal, consisting of the construction of a third lock with a view to the so-called Panamax boats, superior in depth to the current Panamax, transiting that inter-ocean route. From that point and even long before, voices have been raised to renege on that decision, approval of which is to go before Parliament and a national referendum.

Viability studies on the project were undertaken by the ACP (Panama Canal Authority) and its executive, while the president has made the green light conditional on – in the first place – the amplification being self-financing, meaning that the investment would have to be recouped from progressive increases in tolls and not via taxes on the population. Continue reading

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