Russia and Nicaragua to cooperate on construction of interoceanic canal

 

Moscow and Managua are to cooperate over the next few years on the construction of the so-called Interoceanic Grand Canal, a new alternative to the Panama Canal. Deeper, wider, and longer than its rival in Panama, the new canal will challenge U.S. control over the region, though experts are divided on its geopolitical benefits for Russia.

The main investor is the Chinese company HKND, which has received a 100-year concession for building and operating the canal. The construction will be carried out by workers from China and Central America, while Russia, according to the RBTH source, will provide not so much economic and organizational assistance as military and political support. Continue reading

Russia and China dig a channel vying with the Panama Canal

China and Russia arе embarking on a big geopolitical and economic venture of laying in Nicaragua a rival to the USA brainchild, the Panama Canal.

This was disclosed to the “Voice of Russia” by Petr Yakovlev, the head of the Center for Iberian Studies, Institute of Latin America, Russian Academy of Sciences. The expert said that Russian companies are holding talks with Chinese partners on how to participate in this strategic project in Latin America.

The start of the construction is planned for December 2014. Longer time slots had been proposed earlier. It is possible that adjustments have been made ​​following the probable participation of Russian companies in the project. Given the confidentiality of negotiations, Peter Yakovlev did not reveal the names of the Russian companies participating in them. Continue reading

Panama: North Korean ship had more hidden arms containers

A Panamanian official announced Wednesday that more containers of suspected weapons have been found aboard a ship seized last week that was bound for North Korea from Cuba.

Panamanian Security Minister Jose Raul Mulino told the Reuters news agency that authorities found two new containers in addition to the two that were previously discovered under thousands of tons of sugar.

Acting on intelligence it hasn’t publicly described, Panama seized the rusting, 34-year-old North Korean freighter Chong Chon Gang on July 11 as it headed toward the Caribbean entrance of the Panama Canal on its way to the Pacific and its final destination of North Korea. Continue reading

Cuba Admits to Sending Weapons to North Korea

A follow-up from a previous post where Panama had stopped a ship bound for North Korea, from Cuba. Little do people know, Cuba already has nuclear missiles (once again) planted within its territory. They are reinstalled. See the original story by clicking here.

Cuba’s Foreign Ministry on Wednesday confirmed that it sent missiles and other military equipment to North Korea aboard a ship that was seized by Panamanian government authorities.

In a statement, the Cuban ministry said the ship, the Chong Chon Gang, and its 35-member crew were detained.

“The Ministry of Foreign Affairs wishes to inform that said vessel sailed from a Cuban port to the Democratic People’s Republic of Korea, mainly loaded with 10,000 tons of sugar,” the statement said. Continue reading

Panama stops N.Korea ship over ‘weapon material’

PANAMA CITY (AFP) – Panama’s president said Monday that a North Korean ship captain tried to kill himself after the vessel was stopped en route from Cuba and found to have suspected missile material on board.

Outlining a dramatic sequence of events, President Ricardo Martinelli said the ship was targeted by drug enforcement officials as it approached the Panama Canal and was taken into port, but a search revealed cargo of far greater concern. Continue reading

US and China: The Fight for Latin America

According to Robert Valencia, China is vying for greater economic influence in Latin America, to include possibly constructing and operating an alternative ‘Panama Canal’ through Nicaragua. One unanticipated consequence of this burgeoning US-China rivalry, Valencia observes, is that it might push Latin American countries closer together.

During the first weekend of June, U.S. President Barack Obama and Chinese President Xi Jinping met in California to discuss cyber espionage and territorial claims in the Pacific Rim. While tension on these topics has hogged the headlines, the fight for influence in another area could be even more important—Latin America. Other emerging markets in Africa, where China has an overwhelming influence due to foreign direct investment in mining and oil, also offer economic opportunities, but Latin America has an abundance of natural resources, greater purchasing power, and geographic proximity to the United States, which has long considered Latin America as its “backyard.” Continue reading

Nicaragua canal: Will China build rival to Panama Canal?

Nicaragua canal would require $40 billion and 11 years to complete. Nicaraguan president Ortega hopes to get congress to approve Chinese plan for Nicaragua canal this week.

For centuries, tycoons and adventurers alike have dreamed of building a canal through Nicaragua between the Pacific and Atlantic oceans and riding a boom in international trade to new riches. Up until now, however, all comers were forced to admit defeat when faced with the sheer challenge of building a man-made river through dense, hilly jungle. Continue reading

Nicaragua gives Chinese firm contract to build alternative to Panama Canal

Nicaragua has awarded a Chinese company a 100-year concession to build an alternative to the Panama Canal, in a step that looks set to have profound geopolitical ramifications. Continue reading