Bank Of Baku

Panama Canal Open After Rains Force First Closure in More Than Two Decades

Panama Canal Open After Rains Force First Closure in More Than Two Decades
# 10 December 2010 02:02 (UTC +04:00)
Baku-APA. The Panama Canal, which handles about 208 million metric tons of cargo a year, opened today after rain forced the first closure of the waterway since 1989, APA reports quoting bloomberg.com web-page.
The waterway, connecting the Pacific and Atlantic oceans, opened after 17 hours, the Panama Canal Authority said in an e- mailed statement today. Ships were stopped after the main river and lake used by vessels reached record levels yesterday.
The canal last closed when the U.S. invaded the Central American nation to oust then-President Manuel Noriega. Closing the waterway obliges ships to sail around the tip of South America, resulting in longer trips and higher costs.
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