Tag Archives: Panama Canal

Panama Canal Expansion: Winners And Losers In US Economy

A tugboat advances toward the Miraflores Locks near the Panama Canal’s Pacific entrance. A vessel that can pass through the locks is classified as a Panamax, for the maximum size that can fir though the canal’s existing locks. (Lorne Matalon)

A tugboat advances toward the Miraflores Locks near the Panama Canal’s Pacific entrance. A vessel that can pass through the locks is classified as a Panamax, for the maximum size that can fir though the canal’s existing locks. (Lorne Matalon)

Screen Shot 2016-01-03 at 7.35.58 PM

“Time now is money, and a lot of money,” said Panama Canal tug captain Luis Estribi as sunlight danced on the water near the Panama Canal’s Pacific entrance at Ciudad de Panamá.

Estribi was guiding a vessel from China, the Tai Prosperity, through the canal’s Pedro Miguel locks to the Port of New Orleans. The Tai Prosperity, a carrier of bulk commodities such as grain, is classified as a Panamax ship.

Photo Gallery: Panama Canal Expansion

Panamax is a worldwide maritime shipping  measurement that refers to the maximum-sized vessel that can pass through this canal.

But today, Panamax is passé. Now, it’s all about post-Panamax, vessels that can carry up to three times the cargo as Panamax vessels. But post-Panamax vessels are too wide for the existing Panama Canal.

Continue reading

Posted in Resources | Tagged , , , , | Leave a comment

Panama Canal Expansion Plan

Story originally published at

npr_logo

[audio:http://lornematalon.com/wp-content/uploads/2011/06/june-4-07-Panama-Canal_Marketplace4.mp3]

 

Almost 70 percent of all the cargo that comes or goes from this country winds up passing through the Panama Canal. It’s cheaper to slip through that 51-mile passage than to send all those goods down around the bottom of South America. But as the global economy expands, so too do the container ships that carry those goods.

Work is about to begin on a project to make the canal big enough for its new super-sized customers. A project that comes with a super-sized price tag. Lorne Matalon reports now from Panama on who’s going to pay it.

(Lorne Matalon)

Posted in NPR, Radio, Resources | Tagged , | Leave a comment