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TRADE WARS
Work on Nicaragua canal to begin in December
 by Staff Writers
 Managua (AFP) Sept 09, 2014


Work on a huge project to rival the Panama Canal will begin in December with construction of a port on the Pacific coast of Nicaragua, an official said Monday.

The 40 billion dollar project through Nicaragua linking the Caribbean and the Pacific has been assigned to a Chinese company, HK Nicaragua Development Co.

More than 1,000 specialists from several countries are carrying out environmental impact and other studies, said Telemaco Talavera, a presidential adviser on the canal project.

The firm is also carrying out a census of people and property in communities along the path of the planned waterway.

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TRADE WARS
Panama, Suez, Nicaragua canal schemes miss trade boat: analysts
 London (AFP) Sept 07, 2014
 Vast projects to expand the Suez and Panama canals are being talked up as the biggest upheaval for decades in global maritime traffic, but experts say they could be outflanked by a trade shift towards Asia. In recent years, freight traffic travelling from Asia to the east coast of the United States has increasingly circumvented the Panama Canal and its restrictions on ship size in favour of ... read more

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