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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Leave it to China to steal the Panama Canal’s centennial thunder. Rumours of a partnership with the Nicaraguan government, and plans for a competing canal connecting its Pacific and Atlantic coasts, are picking up steam, according to inboundlogistics.com. Reports suggest the Sandinista government will give Chinese telecoms tycoon Wang Jing concessions to create a canal three times the length of Panama’s gateway. The deal would include stakes in proposed port operations, an airport, railroad, and other infrastructure developments. The price tag of the canal alone is estimated at close to $50 billion.
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