Day: October 11, 2015

China stock crash imperils proposed Nicaragua Canal

Oct 11, 2015

The net worth of Chinese entrepreneur Wang Jing, the driving force behind a proposed canal across Nicaragua, has fallen $9.1 billion since mid-June, when China’s stock market collapsed. No other individual in the Bloomberg...

Panamax unemployment set to soar as carriers suspend services

Oct 11, 2015

The imminent suspension of several liner services between Asia and the U.S. East Coast and South America during the slack shipping season threatens to put as many as 50 Panamax container ships out of work by January, according...