A new canal that would link the Atlantic and the Pacific is one step closer to becoming a reality after a group in Nicaragua approved the waterway’s route.
The $40bn project will be wider and deeper than the expanded Panama Canal, allowing the passage of capesize vessels. Subject to impact studies, work may commence this year. Shipping Australia’s Chief Executive, Rod Nairn, told the BBC’s Rico Hizon the new canal will bring “real benefits” to trade in Asia.
For additional information contact Rod Nairn, chief executive officer on 0449 902 457.
Shipping Australia is a peak national shipping association comprising 34 member shipping lines and shipping agents that would be involved with over 70 per cent of Australia’s container and car trade, over 60 per cent of our break bulk and bulk trades, and significant cruise ship and tug operations.