US shale gas boom a bonus for carriers as Panama Canal reduces some tolls
Container lines using the Panama Canal are set to benefit from an unexpected boom in shale ...
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This has been on the drawing board for about a century – cutting through the narrow isthmus between Lake Nicaragua and the Pacific, and then utilising the river network that connects the lake to the Atlantic. Plans submitted to the Nicaraguan congress claim it will allow vessels of 250,000dwt to pass through it. We’ll believe it when we see it – building the Nicaraguan canal has mostly been used as a stick to drive cheaper transit fees from Panama.
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