A Chinese container ship hit a wall of the new lane of the Panama Canal, a Canal Authority official and a local ship agent said on Monday, the third such incident since the expanded waterway opened one month ago amid …
The Panama Canal is preparing to celebrate its 100th anniversary, accompanied by warnings from insurers are warning of the increased risks that will arise from its plan to double the cargo-carrying capacity of ships transiting one of the world’s most …
The Panama Canal Authority (PCA), a Spanish-led consortium, and Zurich Insurance have come up with a possible financing deal to resolve the dispute threatening a project to expand one of the world’s most important shipping routes. The consortium of building …
