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

Panama Canal    Suez Canal    Nicaraguan Canal
The Panama Canal- Progress Report July, 2015


August 4, 2015 - The Panama Canal has reached 91% of completion with full operation expected in 2016. The light at the end of the tunnel is in sight.

Work continues or has been completed for support facilites such as deepening ports with larger ship unloading as well as rail and road improvements in the USA on the east coast.


New Panama Canal Expansion Locks
Panama Canal Expansion Locks


The Suez Canal Expansion
Suez Canal Egypt


August 4, 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

August 4, 2015 - The Nicaragau Grand Canal will start with preliminary studies, access roads and other contruction before canal building can begin in 2016.

First step for canal excavation is the building of a port and a free trade zone on the Pacific western side at Brito, Nicaragua. Bill Wild, Chief Project Advisor from the Australian consulting firm Flagstaff Consulting for the project says that the port is needed for delivery of heavy equipment and fuels to start the rest of the projects including airports and resort development.

Documentary for the Grand Canal of Nicaragua


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

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