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Stock impact report

What is the Panama Canal and why has Donald Trump threatened to take it over? [Globe and Mail, The (Toronto, Canada)]

CK HUTCH HLD LTD UNSP/ADR (CKHUY) 
NASDAQ:AMEX Investor Relations: ckh.com.hk/en/ir
Log in or create a free account to listen to this article. Latin American leaders on Monday rallied to Panama's defence after U.S. president-elect Donald Trump threatened to reimpose U.S. control over the Panama Canal, a key global shipping route located in the Central American nation. What is the Panama Canal? The Panama Canal is an 82-km (51-mile) artificial waterway that connects the Pacific and Atlantic Oceans through Panama, saving ships thousands of miles and weeks of travel around the stormy, icy southern tip of South America. The journey for ships travelling from Los Angeles to New York is close to 8,000 miles (around 22 days) shorter via the canal compared to travelling through the Strait of Magellan off Tierra del Fuego, an archipelago that embraces southern Chile and Argentina. The canal transports ships through the Gatun Lake, some 26 meters (85 ft) above sea level, via a series of interconnecting locks. Each ship's transit requires some 200 million litres (53 m Show less Read more
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