Yacht Insurance News
Canal Cruising Update V
Panama, Suez and Nicaragua Canals

Panama Canal    Suez Canal    Nicaraguan Canal
The Panama Canal- Progress Report June, 2015
Panama Canal Locks Flooding
Panama Canal Locks Flooding

June 15, 2015 - The Panama Canal has begun flooding of the Atlantic side locks signaling another important step in construction progress. After about five days of flooding the new locks, tesing will start for four months. The over all progress for the new Panama Canal now stands at 90% with full operation expected in 2016.

Progress and in some cases completion have been announced for supporting projects on the East and West coasts of the USA for the major ports of New York/ New Jersey, Savanah GA, Miami FL, Mobile AL, Seattle/Tacoma WA and Long Beach CA. These projects include dredging, larger port facilites and rail support in the billions of dollars.

Latest Panama Canal Video

The Suez Canal Expansion
Suez Canal Egypt

June 15, 2015 - Egypt has completed the dredging of the Suez Canal expansion. The canal will be formally opened in ceremonies August 6, 2015.
Suez Canal Opening Date Announcement
Opening Announcement

Though the many additional support facilites, industrial zones, transportation, etc. are still in progress the Egypt government and people are proud to have made the first goal of the canal completion on time.

Proposed Route of the Nicaraguan Canal
Nicaraguan Canal

June 15, 2015 - Nicaragau lead by its Chinese investor billionaire Wang Jing have started the Grand Canal by building an access road to a site for actual construction. Even this minor start has been marred by controversy as the project was delayed by non-payment of wages to the project workers.

The Grand Canal is lining up to be a classic East versus West propagranda battle ground with the supporters of the Grand Canal China and Russia showing positive news stories and the West portraying the canal project negatively as a giant boondoggle and ecological disaster.

Cross Section of Canal
Cross Section of Canal

The Environmental and Social Impact Assessment (ESIA) has been released by the British company Environmental Resources Management (ERM) and has been praised by the East and vilified by the West. ERM has been forced to qualify its findings and the ESIA will continue to be a source of contention.

Documentary for the Grand Canal of Nicaragua

W.R. Hodgens Marine Insurance specializes in yacht insurance for all oceans and canals. Go to the Yacht Insurance Quote Form for a quick yacht quote.

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