Panama Canal

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New $4.4B Navy Destroyer Breaks Down in Panama Canal

USS Zumwalt had to be towed to port

(Newser) - The Navy's new $4.4 billion "stealth destroyer" USS Zumwalt stealthily broke down in the Panama Canal this week, bumped into the lock walls, and had to be towed to port. The destroyer, which was on its way from Baltimore to San Diego, will now spend time at... More »

Clash Over $1.6B Could Sink Panama Canal Project

Neither builders nor Canal Authority want to give up the funds

(Newser) - An ambitious plan to expand the Panama Canal may soon run aground—two-thirds of the way into the project. The $3.2 billion undertaking is supposed to see a third set of locks installed in order to allow larger vessels to pass through the canal by mid-2015. But that price... More »

China Plots Own Panama Canal— in Nicaragua

Chinese-aided project could double Nicaragua's GDP

(Newser) - The Panama Canal could soon have a rival to the northwest. Nicaragua is itching to get started on a new route between the Atlantic and Pacific oceans, one that would measure 130 miles and take as long as 11 years and $40 billion to dig. And just as the US... More »

Flooding Closes Panama Canal

Canal shut for 3rd time in 96 years

(Newser) - Flooding has forced authorities to close the Panama Canal for only the third time since it opened in 1914. Officials say they hope to have the waterway, a conduit for close to 5% of all world trade, back open sometime today, CNN reports. The canal was shut down during the... More »

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