Box ship transits through Panama Canal hold steady, despite drought limits
Despite the well-publicised drought that hampered its capacity, container vessel transits through the Panama Canal ...
© Khunaspix Dreamstime.
By Alex Lennane
In a new twist to a sorry saga, the Panama Canal Authority has offered a compromise in an attempt to restart work at the dispute-hit canal project. A new proposal calls for both the authority and the building consortium to contribute funds to allow at least the lock project to finish. The consortium warned in December that it would down tools if it did not receive $1.6bn to cover cost over-runs.
Comment on this article