By MarEx 2015-08-11 15:37:14
Maersk Line posted a 3-minute time lapse of the M/V Adrian Maersk, 6,000 TEUs, passing through the newly expanded New Suez Canal.
The New Suez Canal was inaugurated by Egypt’s President Abdel Fattah Al-Sisi in a ceremony held at the port city of Ismailiya on August 6.
The $8 billion project took 11 months to complete, included the widening and deepening of 35 kilometers of the existing Canal up to a depth of 24 meters, as well as digging and creating 37 kilometers of the so-called ”second lane,” running parallel to the existing Canal.
Egypt expects that up to 20,000 ships to transit each year. The new section is also projected to cut transit times from 20 to about 11 hours.
The Suez Canal accounts for roughly 7.5% of world sea trade and container vessels account for over 50% of the canal’s tonnage passage, according to Maersk Line.
Maersk had more than 1,400 transits in 2014, which accounts for 20% of the container transits through the canal. All Maersk Line’s Asia-Europe cargo goes through the Canal.
”The extension will enable larger vessels to transit, benefitting not only the shipping companies, but also our partners and world trade as a whole,” said Claus V. Hemmingsen, Maersk Group representative, who participated in the official opening of the Suez Canal along with COO of Maersk Line, Søren Toft.