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>> PANAMA CANAL Latest News

FEB 06, 2014 - The Economist

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Trouble at the Panama Canal: Dead locks

ON FEBRUARY 4TH 1889 the French Compagnie Universelle du Canal Interocéanique de Panama was declared bankrupt, marking the first catastrophic failure to build the Panama Canal. On the same date this year (the centenary year of its completion in 1914) talks collapsed on how to finish the canal’s expansion. Seafarers, a superstitious bunch, will not interpret this as a good omen.After weeks of negotiations between the Panama Canal Authority (PCA) and a consortium led by Sacyr, a Spanish builder, and its Italian counterpart, Salini Impregilo, the two sides have failed to reach agreement on who ... Read More

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