Skip to main content

APM TERMINALS COMMENTS ON NICARAGUA CANAL PROJECT





















Quality journalism requires investment. Please use the link below when sharing this article with others. 




APM Terminals have been contacted by several parties about new port projects in relation to the planned Nicaragua Canal. It is still too early to decide anything, Joe Nielsen, CEO Latin America, tells ShippingWatch.







BY KATRINE GRØNVALD RAUN
Published 29.08.14 at 10:21











The large-scale project to establish a waterway through Nicaragua has made several parties contact APM Terminals about new potential projects that they would like the port operator to participate in, says Joe Nielsen, the company's CEO for Latin America, who has lived in Panama for three years, where the Nicaragua Canal project is not viewed kindly.



"Naturally there are many people frequently contacting a company such as ours, which has projects all over the world. We've been in contact with people making inquiries about potential ports that could be built in relation to the canal," 
he tells ShippingWatch, stressing that the port company is currently not involved in the project.







The final canal route through Nicaragua




Final route settled for the Nicaragua Canal

The ambition of building a 278 kilometer canal - which will be able to handle the biggest container ships, the ones that cannot currently use the Panama Canal - is interesting, says Joe Nielsen. But he stresses that it remains mostly an idea on the drawing board, even though a feasibility study will be published this October, aimed at evaluating the key elements of the colossal project. And such, the answer for the people contacting the company is as follows:





"Let's first get the canal, then we can look into whether it needs a port," says Joe Nielsen.




First of all, the project needs to settle the financing, he says. A central building block in the project, which will cost an estimated USD 40 billion to construct. And that is also one reason APM Terminals is somewhat skeptical about the realism of the project - at least until the financing has been settled:





"The really interesting thing will be to follow whether they're able to secure financing. So far it's difficult to tell how far along they are with the project, until the day someone actually puts some money on the table and says they're ready to finance it," he says, adding:







"It's always interesting when people are planning to build something on this scale. USD 40 billion for Nicaragua is incredibly dramatic. This is our industry, and such we of course have an interest in keeping a close eye on the project and staying informed. But it does not, as such, have a direct impact on our daily decision-making process."






Not crucial for APM Terminals





Joe Nielsen stresses that APM Terminals does not as such have a major interest in whether there are one or two canals in Latin America, because the port operator does not currently have any ports located close to either the Panama Canal or the coming Nicaragua Canal. 




The company is working on a project in Costa Rica, but for this project APM Terminals does not depend on the cargo coming through the Panama Canal, he explains:





"We have a single port in Costa Rica, north of the Panama Canal, but this port is being built mainly for the import/export going to and from Costa Rica. Primarily the country's massive banana and pineapple export, which is sent to the US and EU. But these are not containers going through the canal, these are containers from the agricultural areas inland that are shipped straight from there to the EU or the US. Not through the canal."






Still, it is important for APM Terminals to stay up to date on developments.









"If a canal is built in Nicaragua, it will naturally result in a different demand from our customers, and we will of course look into this, which is why we're following the project. But until the time comes when this moves beyond the drawing board, it's difficult for us to look further into whether we should be investing in the vicinity of the possible new canal," says Joe Nielsen.






Whereas APM Terminals is awaiting developments, the coming competitor to the Nicaragua Canal - the Panama Canal - is preparing yet another expansion. The current expansion with an additional water lock is expected ready in about one year, and it looks likely that there will come another one after this, says Joe Nielsen. Probably because of increased competition from a new canal, but also because of the fact that ships are getting increasingly bigger.





"They're preparing for two things: The increasing competition, which could potentially arise. But also the fact that the size of the ships going through the Panama Canal has grown faster than expected by most. The canal can handle big ships, but not the biggest ones that are currently sailing the world seas," he says, adding:





"It's very early, but talk around town in Panama is that they are not going to stand idle by and watch while someone takes away their national treasure."





Plan for the Nicaragua Canal approved

Industry working to get a slice of the Nicaragua Canal

Plan for the Nicaragua Canal ready next month

Construction on Panama-competitor to begin in 2014

Popular posts from this blog

THE MOST SOUGHT AFTER MANGOES IN THE WORLD ....

While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???





In alphabetical order by Country....










India




Alphonso





Alphonso (mango)
From Wikipedia, the free encyclopedia








Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 


It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

Mangoes date back 65 million years according to research ...

Experts at the Birbal Sahni Institute of Palaeobotany (BSIP) here have traced the origin of mango to the hills of Meghalaya, India from a 65 million year-old fossil of a mango leaf. 





The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 




After careful analysis of the fossil of the mango leaf and leaves of modern plants, the BISP scientist found many of the fossil leaf characters to be similar to mangifera.


An extensive study of the anatomy and morphology of several modern-day species of the genus mangifera with the fossil samples had reinforced the concept that its centre of origin is Northeast India, from where it spread into neighbouring areas, says Dr. Mehrotra. 




The genus is believed to have disseminated into neighb…

DHL (INDIA) makes gifting mangoes as easy as 1-2-3-....

Gifting mangoes is now easy with DHL
Announcement / Corporate


 May 19, 2011, 14:04 IST





Come this summer pamper your loved ones abroad with a box of delicious mangoes through DHL’s Express Easy Mango service, a unique one-stop-shop and hassle-free service for gifting mangoes all across the world.






This unique service by DHL Express, the world’s leading express company, allows customers to send mangoes from India across the world to the following countries Belgium, Canada, Czech Republic, Germany, Greece, Hungary, Hong Kong, Italy, Luxemburg, Maldives, Netherlands, Norway, Oman, Qatar Singapore, Switzerland and Sweden.





Mangoes can be availed of free of cost by merely paying for the Air Express service. In addition, DHL Express assists customers with the necessary paperwork along with procurement of quality-grade Alphonso mangoes.





Commenting on the new service, Mr. R.S Subramanian, Country Head, DHL Express India said: “With the advent of the mango season, it is no wonder that DHL Express Ea…