Panama Keeps It’s Eyes on the Chinese in Nicaragua

For a long time, there has only been one game in town for global players in the international shipping business in this Hemisphere.  Now with the help of a visionary and deep-pocketed Chinese partner, Nicaragua is threatening to upset the apple cart.  When  it comes to interoceanic canals, Panamanians speak with a century of experience. So as nearby Nicaragua moves ahead with a plan to build what it claims would be a bigger, better canal, some Panamanians look on with interest and puzzlement. “We take the possibility of construction of a canal in Nicaragua very seriously,” said Francisco J. Miguez, executive vice president for finance and administration of the Panama Canal Authority.  Was it Glen Frey, “Everybody’s talking ‘bout the new kid in town,”, and the old kid is getting uncomfortable.


Read Tim Johnson’s Miami Herald article here:

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