504
Views

McQuilling Services, LLC Weighs in the Panama Canal

Published Jan 7, 2011 10:02 AM by The Maritime Executive

Marine Transport Advisors Weekly Note No. 15 says: It goes without doubt that the opening of the Panama Canal in 2014 to larger vessels will forever change the face of marine transport. Find out why – read on.

Today the Panamanian government is faced with problems such as competitiveness, capacity, efficiency and maintenance. The ACP believes that by enlarging the canal they can solve these problems. Expansion of the locks will enable the canal to handle more tonnage, while innovative designs will net a 7% decrease to the water used thereby lowering costs. This extension will allow Aframaxes and some Suezmax tankers to utilize the canal saving the 8,000 additional miles by otherwise rounding Cape Horn on certain voyages.


Contact McQuilling Services, LLC:

On the Web: www.mcqservices.com
E-Mail: [email protected]
Telephone: 516.227.5700 / (F) 516.745.6198