NICARAGUA, THE NEW COMPETITOR OF PANAMA

 

The Ortega government of Nicaragua approved the realization of an "alternative route" of transit between the Caribbean Sea and the Pacific Ocean less than 300 km from Panama. 

The project is worth 30 billion Euros and is going to be built by HK Nicaragua Canal Development Investment co, one of the many giants in Chinese fee that, in exchange for a concession of 50 years on the toll ( contract that can be renewable for another 50 years) and the use of the channel, will be in charge of the construction. 

 

 

For 100 years the Chinese giant is going to benefit from the profits of what might become the second focal point of the maritime commerce in the world, after the Suez Canal.

However this project represents a huge risk for Nicaragua because the opening of the canal might transform Nicaragua Lake into a large brackish puddle crossed every year by tens of thousands of ships, tankers and container ships.

The freshwater reserve of Nicaragua Lake ensure irrigation to cotton cultures, sugar, coffee, sectors that provide 17% of its own GDP and give jobs to 29% of the population.

Panama responds to this claim extending the Suez Canal.

In 2015, by the end of the works, the new gates of the Panama Canal are letting 30 thousand ships transit per year, against the current 14 thousand, redoubling also the number of piers.

Panama and Nicaragua are going to start a fight based on costume fees, services and maintenance costs.

IFA Ltd handles and organizes different shipments from and to the Caribbean Sea and the Pacific Ocean and thanks to this innovative project, by means of agreements established over the years with different shipping companies all over the world, is able to grant more benefits and new services for all the clients that are going to make shipments from and to the Caribbean Sea and the Pacific Ocean.

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CONTACT US FOR PRICES, SERVICES, CURIOSITY.

YOUR SHIPMENTS, OUR JOB!!!

 

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