Displaying items by tag: MEDITERRANEAN SEA

The Suez canal authority has decided to begin the expansion's works of the Suez canal after the growth of the world maritime trade. The project which has a 1,5 billion dollars price envisage on one hand the expansion of the Canal through 17 aspirating dredges for drainage activities allowing to improve the depth of the Canal up to 24 meters, on the other hand it envisages the construction of a second Canal parallel to the existing one that would extend to almost 50 km.

The shipping sector might register a new agreement of “vessel sharing agreement” that would see CMA CGM as a key player, which after the “no” of the Chinese Authorities concerning its entrance in the “P3” Alliance, might create a new alliance with the UASC (United Arab Shipping Company) company and the Chinese CSCL (China Shipping Container Line).