International Business News - Canal http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The Suez Canal, a vital shortcut between East and West for nearly 140 years, is facing an enormous challenge, as the scourge of Somali piracy prompts major shipping companies to seek another route. http://www.ibtimes.com/data/articleimgs/181730-mideast-egypt-piracy-suez-canal.jpg http://www.ibtimes.com/articles/20081125/egypts-suez-canal-feels-the-heat-as-piracy-spikes.htm http://www.ibtimes.com/articles/20081125/egypts-suez-canal-feels-the-heat-as-piracy-spikes.htm Tue, 25 Nov 2008 14:07:53 EST New York's canal system is closing for the winter Saturday following a season that saw a sharp decline in traffic. So far this year, recreational, commercial and tour vessels have passed through canal locks 113,368 times. That's down 21.7 percent from 144,743 "lockings" last year, according to the state Canal Corp., which runs the Erie, Champlain, the Oswego and the Cayuga-Seneca canals. http://www.ibtimes.com/articles/20081113/ny-canals-close-2008-with-a-big-drop-in-traffic.htm Thu, 13 Nov 2008 15:18:57 EST An Arizona man has been indicted on federal charges accusing him of participating in a smuggling scheme that resulted in the deaths of four illegal immigrants. http://www.ibtimes.com/articles/20081107/man-charged-in-smuggling-attempt-that-left-4-dead.htm Fri, 07 Nov 2008 20:11:41 EST The suspected driver of a van carrying illegal immigrants--some of whom drowned after jumping into an irrigation canal--is being charged in federal court. http://www.ibtimes.com/articles/20081028/alleged-driver-in-fatal-migrant-smuggling-charged.htm Tue, 28 Oct 2008 19:52:07 EDT The Andean Development Corp. on Thursday said it had approved a US$400 million loan to help expand the Panama Canal. The money is part of a $2.3 billion package that the Panama Canal Authority said it would receive from five lenders, including the Washington-based Inter-American Development Bank and the Japan Bank for International Cooperation. http://www.ibtimes.com/articles/20081023/400m-loan-approved-for-panama-canal-expansion.htm Thu, 23 Oct 2008 20:03:35 EDT Panama is set to receive US$2.3 billion in loans to expand the Panama Canal, nearly half the money it needs to complete the seven-year project, the canal's administrator said Tuesday. http://www.ibtimes.com/articles/20081014/panama-draws-us-2-3-billion-loan-to-expand-canal.htm Tue, 14 Oct 2008 18:06:51 EDT The Panama Canal expansion project is getting a US$400 million loan from the Inter-American Development Bank. Panama Canal Authority administrator Alberto Aleman said Thursday that the IDB's approval of the loan demonstrates confidence in the project "despite the world financial crisis." http://www.ibtimes.com/articles/20081010/idb-approves-400-million-loan-for-panama-canal.htm Fri, 10 Oct 2008 08:48:08 EDT The Panama Canal expansion project is getting a US$400 million loan from the Inter-American Development Bank. Panama Canal Authority administrator Alberto Aleman said Thursday that the IDB's approval of the loan demonstrates confidence in the project "despite the world financial crisis." http://www.ibtimes.com/articles/20081009/idb-approves-400-million-loan-for-panama-canal.htm Thu, 09 Oct 2008 20:02:08 EDT The U.S. Embassy in Egypt has offered monetary compensation to the family of a man shot dead by American naval personnel in the Suez Canal. In the March 24 incident, a security team on a ship contracted to the U.S. Navy fired on several motor boats after warning them not to approach, killing Egyptian Mohammed Fouad. http://www.ibtimes.com/articles/20080829/us-compensates-family-of-egyptian-killed-in-suez.htm Fri, 29 Aug 2008 09:34:42 EDT The agency that is lining a border waterway with concrete agreed Tuesday to consider adding ladders and buoys to prevent migrants from drowning when they illegally cross from Mexico into Southern California. http://www.ibtimes.com/data/articleimgs/103726-canal-border-deaths.jpg http://www.ibtimes.com/articles/20080805/ladders-buoys-considered-for-deadly-border-canal.htm http://www.ibtimes.com/articles/20080805/ladders-buoys-considered-for-deadly-border-canal.htm Tue, 05 Aug 2008 21:57:27 EDT Several former residents reminisced about their naive youth as they revisited the deserted streets of the Love Canal neighborhood Friday, 30 years after a poison sludge devastated families with miscarriages and cancers and gave rise to the federal Superfund program. http://www.ibtimes.com/articles/20080801/scars-linger-in-love-canal-and-former-residents.htm Fri, 01 Aug 2008 20:05:31 EDT Authorities have found what they believe is the seventh and final victim of a crash that sent two vehicles plunging into an irrigation canal in central California. http://www.ibtimes.com/articles/20080717/7th-body-found-in-central-calif-canal-after-crash.htm Thu, 17 Jul 2008 20:24:45 EDT An influential public policy group on Thursday said California should no longer rely on the troubled Sacramento-San Joaquin Delta to supply water to most of the state, and should instead build a canal around the delta. http://www.ibtimes.com/articles/20080717/report-says-canal-would-fix-california-water-woes.htm Thu, 17 Jul 2008 16:11:29 EDT A sixth body was pulled from a rural, central California canal Wednesday after a collision between a septic truck and a sport utility vehicle carrying farm workers from a peach orchard. A seventh victim remained missing and is presumed dead. http://www.ibtimes.com/data/articleimgs/92643-canal-accident.jpg http://www.ibtimes.com/articles/20080716/7-feared-dead-in-calif-canal-after-collision.htm http://www.ibtimes.com/articles/20080716/7-feared-dead-in-calif-canal-after-collision.htm Wed, 16 Jul 2008 22:44:21 EDT A septic truck collided with a sport-utility vehicle carrying farm workers in central California on Tuesday, sweeping both vehicles into a swift canal where divers spent much of the day searching for their bodies. http://www.ibtimes.com/data/articleimgs/92008-canal-accident.jpg http://www.ibtimes.com/articles/20080715/accident-in-california-sends-6-people-into-canal.htm http://www.ibtimes.com/articles/20080715/accident-in-california-sends-6-people-into-canal.htm Tue, 15 Jul 2008 22:25:40 EDT In a June 10 story about a canal fee, The Associated Press, relying on a statement from the Panama Canal Authority, erroneously reported that the Disney Cruise Line paid a record $331,200 for one of its ships to pass through the canal. The authority now says it wrongly estimated the fees and that Disney paid $283,400 for "Disney Magic" to cross on May 16, an amount that was not a record. http://www.ibtimes.com/articles/20080613/correction-panama-canal-record-story.htm Fri, 13 Jun 2008 12:25:35 EDT The Disney Cruise Line has paid a record $331,200 for one of its ships to cross the Panama Canal. The Panama Canal Authority says the 964-foot "Disney Magic" made the crossing May 16. http://www.ibtimes.com/articles/20080610/us-cruise-pays-record-fee-in-panama.htm Tue, 10 Jun 2008 18:49:12 EDT