Chinese Shipyards Urged to Tap Wider Panama Canal

Thursday, December 06, 2007
Chinese shipyards have been urged to tap an opportunity thrown up by a project to widen the Panama Canal to design new vessels which use the waterway, according to an industry executive. Work on the $5.25b expansion started in September, and is expected to be completed in August 2014, in time for the centenary of the opening of the world's most famous waterway.

The expansion will create a third set of larger locks of 55 meters wide against 33.5 meters now, and once completed is expected to result in the most cost-effective way to move freight in and out of the United States Midwest. Shipyards in China, which is the largest exporter of sea-borne goods to the United States and a rising shipbuilding power, should quickly take advantage of this new opportunity, said David Tozer, business manager for container ships at Lloyd's Register, a global ship classification society.

More than 190 ships, each with a capacity of more than 10,000 TEUs, are now on the global order books, half of which have been ordered since May, sources said. Only a few of these vessels will not be able to transit via the widened canal, and most will be built by South Korean shipbuilders. The Panama Canal expansion is expected to greatly change the pattern of sea-borne world trade, maritime experts said. Shanghai Daily

Maritime Reporter August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Jinhai Heavy Industry Secures Another Invention Patent

Jinhai Heavy Industry of China has received patent rights for its large ship superstructure hoisting method after a state intellectual property review. The patent rights is for twenty years.

Korea Shipbuilder Wins US$400-M Greek Order

Daewoo Shipbuilding & Marine Engineering Co., South Korea’s second-largest shipbuilder, says it has signed a contract to build 4 tankships for Maran Tankers Management,

Tuco Marine Sells First ProZero Fast Workboat

Tuco Marine Group says that it has sold its first boat shortly after the launch of ProZero, the new range of boats for the professional market. The vessel was sold

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1014 sec (10 req/sec)