Market Supports Grand Canal of Nicaragua

The continuing evolution of maritime transport towards ever larger ships is the main reason that Maersk shipping line sees the mega project as a real option for the future.

Thursday, June 5, 2014

Commercial validation of the Grand Canal of Nicaragua project has been underpinned by the opinions expressed by the Head of Daily Operations at Maersk Line, Keith Svendsen, who told that while the Panama Canal expansion will allow the passage of much larger vessels than at present, the maximum length that will be admited is 336 meters, while the Triple-E series used by the leading global shipping company, now measures 400 meters.

And this trend of increasing the size of cargo ships will carry on, which would give an advantage to Grand Canal of Nicaragua, compared to the expanded Panama Canal.

The Grand Canal of Nicaragua is still a long way from being confirmed as a feasible project in every way, but the view of this company, which could be one of its major customers, lends it strong support.

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