In the wake up Panama’s voters approving expansion of the canal, Logistics Today is asking if Nicaragua is next:
Meanwhile in Nicaragua, after a mere half-millennium of talk, there is some motion toward digging a 178-mile link between the Atlantic and Pacific. â€œWe are not competing with Panama,â€ claims Mario Alonso, president of Nicaraguaâ€™s Canal commission and former head of the countryâ€™s central bank. â€œWe are doing different things.â€ According to engineering studies, ships too large for an enlarged Panama Canal would be able to transit one in Nicaragua, making the the trip in 26 hours. Such a move would save a 36-hour trip around Cape Horn and an estimated $2 million in additional transportation costs.
Despite claiming that they are not competing with Panama, if they can complete a canal able to handle the super-size vessels now coming online and in the future, particularly before Panama completes their own expansion, they would be in a prime position to steal some competitive business away from Panama.