Latest news from Heavy Lift & Project Forwarding International Magazine

Chinese company to build Nicaragua's new canal?

June 10 - Nicaragua's National Assembly says that a Chinese company will be contracted to build a canal across Nicaragua linking the Pacific and Atlantic Oceans, providing an alternative to the Panama Canal, with the Chinese using funds from global invest

Project experts say the canal could take 11 years to build and require digging about 130 miles of waterway.

It was reported in the UK's Guardian newspaper that the president of the country's national assembly, Rene Nuñez, announced the USD40 billion project, which will reinforce Beijing's growing influence on global trade and weaken US dominance over the key shipping route between the Pacific and Atlantic oceans.

In a project with profound geopolitical ramifications, the name of the company and other details have yet to be released, but the opposition congressman Luis Callejas said the government planned to grant a 100-year lease to the Chinese operator.

According to a bill submitted to congress last year, Nicaragua's canal will be bigger than the Panama and Suez in all dimensions.

Heavy Lift | News

MACS appoints UAL America as agent thumbnail image

MACS appoints UAL America as agent

April 23 - MACS Maritime Carrier Shipping has appointed Universal Africa Lines, America (UAL America) as its sales agent in Texas, effective June 1, 2019.
Views: 172
Höegh adds port call in Mackay thumbnail image

Höegh adds port call in Mackay

April 23 - Höegh Autoliners has expanded its services in Australia with the addition of a port call in Mackay, North Queensland.
Views: 219
Ceva launches BRI block train thumbnail image

Ceva launches BRI block train

April 22 - Ceva Logistics North Asia has launched a block train service from China to Europe as the company looks to tap into the potential of the Belt and Road Initiative (BRI).
Views: 353
Crowley promotes Sandra Goranovic thumbnail image

Crowley promotes Sandra Goranovic

April 22 - Crowley Maritime has appointed Sandra Goranovic as vice president of finance and accounting for the Crowley Shipping business unit.
Views: 365

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