Chinese influence drives new transcontinental canal plan in Nicaragua
The Nicaraguan government proposed legislation that will give a 50-year concession for the construction and operation of a new canal connecting the Atlantic and Pacific oceans to a Chinese operator
in the NewsPeak season forecast puts Port of Oakland in positive position FTR’s Trucking Conditions Index is flat sequentially but remains positive AAR reports annual U.S. carload and intermodal gains for week ending July 15 Supplier Relationship Micro Management June Cass Freight Index report is solid More News
A long talked about alternative to the Panama Canal moved one step closer this week, reports analysts for IHS Global Insights.
The Nicaraguan government proposed legislation that will give a 50-year concession for the construction and operation of a new canal connecting the Atlantic and Pacific oceans to a Chinese operator.
Should the Chinese operator succeed in raising sufficient finance to develop the project, it will profoundly alter operational conditions in Nicaragua, shape global trade pattern, and shift regional relations.
Of several proposed alternatives to the Panama Canal, this proposal seems the most likely yet to get off the ground, partly because of the Nicaraguan government’s dominance of the domestic scenario, partly because of the clear long-term commercial benefits for a plethora of different actors.
About the AuthorPatrick Burnson, Executive Editor Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
2017 Truckload Brokerage Roundtable: Technology continues to connect the dots Cloud Transportation Management Systems (TMS): Weis Markets streamlines “both sides” of the DC door View More From this Issue