businesstoday.com
Effective last Wednesday, according to the US State Department, no fees are being charged for the passage of US government ships through the Panama Canal. Over 14,000 ships pass through the canal annually, generating around $2 billion in fees.
However, the next day US Secretary of State Marco Rubio explained that a process must be followed by the Panama government to enable the new policy.
According to on-line media source CNN, in the last 26 years the US government has spent $25.4 million in transit fees for the passage of warships and submarines.
In further canal news, scientists say that the sea on the Pacific side of the passage way is about 20cm higher in elevation than that of the Atlantic. This is supposed to be because of a difference in water density and some other factors. Evidently the difference hasn't changed over time because of the heating atmosphere.
No comments:
Post a Comment