Tag Archives: Panama Canal

Nicaragua Canal: 200 year old dream finally comes true

Nicaragua Canal: 200 year old dream finally comes true

Published on Dec 26, 2014

Nicaragua has started work on one of the most-ambitious construction projects in Latin America – a waterway linking the Pacific and Caribbean to dwarf the Panama Canal.

Other articles:    Continue reading

The Caribbean’s location is its future – by David Jessop

 The Caribbean’s location is its future

Published on Mar 18 2014

News Americas, LONDON, England, Weds. Mar. 19, 2014: Until relatively recently, almost all Caribbean economic thinking has been focused on the encouragement of investment onshore, with the emphasis on commodities, manufacturing, tourism, financial services and artisanal industries such as fisheries.

This has been, with some notable exceptions such as financial services, where immediate opportunity lay.

However, now that technology is changing rapidly, preference in trade is all but over, economic globalization is a reality, and international trade is again growing after the setback of the 2007/8 global financial crisis, there is a pressing need to explore in a much broader way, leveraging the importance of the Caribbean’s physical location. So much so that the promotion of future opportunity in the Caribbean may lie not in advertising what is onshore but, in the broadest sense, creating international awareness of the external market opportunities that arise from its strategic location.  Continue reading

The Panama Canal And The Caribbean – by David Jessop

The Panama Canal And The Caribbean – By David Jessop

canal-panama-1

The widened Panama Canal – in 2014 – will affect the Caribbean

News Americas, LONDON, England, Weds. April 4, 2012:   In two years time, significantly larger ships will be able to pass via an enlarged Panama Canal between the Pacific Ocean and the Caribbean Sea. Together with other infrastructural developments this is leading some Caribbean governments to hope that with the support of investors from outside the region, Panama’s development as a hub for the hemisphere could significantly improve the region’s economic prospects.

Although this idea needs to be treated with a degree of caution, not least because many Caribbean nations remain heavily indebted and remain at risk from any significant increase in energy and food prices, the Canal’s widening does suggest new opportunity for the region when taken together with other developments and the broadening interest being shown by large international investors.      Continue reading

Jamaica plans US$9 Billion Logistics Hub initiative

Jamaica plans US$9 billion Logistics Hub initiative

 April 19, 2013 – Caribbean News Now -By Alecia Smith-Edwards
KINGSTON, Jamaica (JIS) — Investors have expressed a willingness to pump over US$9 billion in the Jamaican government’s global logistics hub initiative.This was disclosed by chairman of the Logistics and Investment Task Force in the Ministry of Industry, Investment and Commerce, Dr Eric Deans, who noted that, with this initiative, Jamaica has the opportunity “to attract the best investors, contractors and developers.”“By attracting businesses to our hub, we will allow them to fully integrate into the global trading system (which) will provide tens of thousands of jobs and in the process we will establish Jamaica as the fourth global logistics hub; the other three being Singapore, Rotterdam and Dubai,” Deans said on Wednesday April 17.

The government’s initiative is aimed at taking advantage of the anticipated increase in maritime activities from the expansion of the Panama Canal, which is expected to be completed in 2015.  Continue reading

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