Subscribe to RSS feedPanama caps canal plan with clever credit coup
by
Obsidian
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last modified
Jan 15, 2009 12:00 AM
Amidst the choppy waters being felt by the shipping industry there is one ship that continues to sail on regardless, apparently unaffected by the turbulent financial seas raging around it: the Panama Canal.
The signing earlier this month of a US$2.3bn debt package is testimony to the esteem with which its US$5.3bn expansion project is held.
At a time when the credit taps have been turned off elsewhere, the administrators of the...
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