Reuters is reporting that “Nicaraguan lawmakers granted a 50-year concession to a Chinese company on Thursday for it to design, build and manage a shipping channel across the Central American nation that would compete with the Panama Canal.” The construction of this Nicaragua Canal would likely generate a significant amount of revenue for the country if/when it’s built.
Smartly, the company behind the Nicaragua Canal project appears to have bought the matching NicaraguaCanal.com domain name. The current registrant for the domain name is HK Nicaragua Canal Development Investment Co., Ltd, which is the same company mentioned in the Reuters article.
NicaraguaCanal.com has a registration date of August of 2007, and it appears to have been owned by a domain investor. In 2009, the domain registration was made private. According to Daily Changes, the domain name was on Sedo DNS until September of 2012 when it moved to Afternic DNS. The Whois registration remained private until May 18, 2013. The domain name is still listed for sale on Sedo, but based on the current ownership, I would assume it’s a dated listing that should probably be taken down.
NicaraguaCanal.com does not currently resolve, but I assume the company has plans for it – or didn’t want someone else to control it. Interestingly, PanamaCanal.com appears to be owned by a tour company, not affiliated with the Panama Canal.
I think the bigger story here is that a 40 BILLION dollar project scores the domain for what seems to be $1,077. How much would they have spent? Bottom line, domains that you own and are clueless of how to value put a “Make Offer” not a “Buy Now”
While the US is fighting wars (losing life and money), the China is making money all over the world in Africa,Australia, and in S.America.
Project could be 40+ years out, if it ever gets built. Just all talk now.
Bet it gets dropped by then.
It also happens, some companies gets their exact match domain with out losing much money.