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Panama Canal

BUSINESS
September 30, 2006 | Hector Tobar and Chris Kraul, Times Staff Writers
Seeking to cash in on booming Asian exports, Nicaragua will announce a $20-billion proposal next week to build a canal linking the Pacific and the Atlantic oceans that would accommodate ships too large to use the Panama Canal, Nicaraguan officials said Friday. If approved by Nicaragua's Congress, the project would be a joint public-private venture financed by unnamed investors, said Lindolfo Monjarretz, a spokesman for Nicaraguan President Enrique Bolanos.
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BUSINESS
September 3, 1996 | From Reuters
The Panama Canal has served east-west shipping through the Americas for more than 80 years, but now a growing list of other countries from the region want in on the act. Four countries--Mexico, Colombia, Honduras and Nicaragua--all say they have plans to compete alongside the historic Panama Canal, each jockeying to be first or risk losing out on the potentially lucrative sweepstakes.
NEWS
February 7, 1990 | From United Press International
U.S. high school seniors have such a weak understanding of geography that most are unable to find Southeast Asia on a map and many do not know which parts of the world are hot and which are cold, the government reported today.
TRAVEL
January 24, 2010 | By Karl Zimmermann
The rising sun peeked under red-orange clouds splayed over the Caribbean port of Cristóbal and backlighted the small armada of ships anchored there, waiting their turn at the Panama Canal. Cups of cappuccino in hand, my wife, Laurel, and I stepped out on the veranda of our cabin aboard Cunard Line's Queen Victoria, two weeks into its 2009 world cruise from Southampton, England. FOR THE RECORD: Queen Victoria: A Jan. 24 article about crossing the Panama Canal on the cruise ship Queen Victoria identified a ship in the Port of Los Angeles as the Jeremiah O'Brien.
TRAVEL
January 23, 2011
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WORLD
October 23, 2006 | Chris Kraul, Times Staff Writer
Panamanian voters on Sunday overwhelmingly approved a $5.2-billion proposal to expand the country's national treasure, the Panama Canal. With 94% of the votes counted, ballots in favor of the project led those that were opposed, 78% to 22%, prompting Panama's electoral tribunal to declare the yes vote victorious. That gave the green light to the first major modification to the storied 50-mile waterway since it opened in 1914.
BUSINESS
June 1, 2009 | Chris Kraul
The economic downturn has stalled big construction projects across the globe, but here in Panama, smoke-belching steam shovels and dredges work around the clock on what people here call simply la ampliacion, or the expansion. This month, officials will award the principal contract for the $5.25-billion expansion of the landmark Panama Canal, a project that will probably alter global shipping patterns and cement this Central American nation's place as a center of global logistics.
NEWS
February 13, 1992 | DAVID CLARK SCOTT, CHRISTIAN SCIENCE MONITOR
Capt. Myeong Lee paces the bridge in blue-rubber sandals. Normally, he is the master of this South Korean cargo ship bound for New Orleans. But on the Panama Canal, Lee is only a spectator. This is the only place in the world he must turn control of his ship over to someone else. "Dead slow ahead," barks canal pilot Capt. Fred Mastin, who's been threading this maritime needle for 12 years.
NEWS
December 1, 1999 | NORMAN KEMPSTER, TIMES STAFF WRITER
President Clinton expressed confidence Tuesday that the government of Panama will keep the Panama Canal open to all shipping when it assumes control of the waterway at the end of the month. But he decided to skip the formal hand-over ceremony and send former President Carter in his place. Talking to reporters before embarking on a trip to California, Clinton sought to finesse the end of U.S. ownership of a canal that American engineers completed 85 years ago.
NEWS
August 29, 1999 | JUANITA DARLING, TIMES STAFF WRITER
As the sun rises over the Caribbean, the multinational crew loads one last container of cargo from the port of Colon and steers this ship toward the Gatun Locks for its first voyage through the Panama Canal. Capt. Karsten Jepsen sits on the bridge, binoculars in hand, barely containing his excitement. In his 19 years at sea, the blond, round-faced sailor has seen much of the world, but, like his ship, he has yet to pass through this legendary man-made waterway.
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