Panama Real Estate Blog

British teen youngest to sail world solo
A recent Guinness World Record for sailing around the globe was achieved by a seventeen year old from the United Kingdom. Although the records authority stated this attempt is classified as ‘assisted’, the feat is still seen as heroic by the youngster.
Mike Perham managed to sail around the world [...]

Panama Canal celebrates 95th Birthday
Mid August marked the 95th anniversary of the Panama Canal, which has provided transit to no less than 983,000 vessels over this period. The waterway is expected to achieve the 1 million mark in 2010, heralding a milestone in the operation of the strategic country’s history and development over the years.
The [...]

The Panama Canal Authority has signed loans for the planned expansion of the canal, totaling an amount of $2,3 billion. Lenders of these loans included the Inter American Development Bank, the International Finance Corporation, the Andean Development Bank, the Japanese Development Bank and the European Development Bank.
The total cost of the expansion is set at [...]

Since the days of the Spanish explorers, the Isthmus of Panama was recognized as a strategic trade route. It was only in the late 19th century that the first operations began to connect the Pacific and Atlantic Oceans.
In 1881, the construction began under concession of the Colombian government, by a privately owned French company named [...]