Currently, global trade is going through a complex panorama. This situation corresponds to the various international crises that our society has suffered in recent years. The Russian invasion and
In this sense, commercial routes become extremely important. The war between the United States and Iran is a clear example of this. It should be remembered that 20% of the oil, in addition to a significant amount of natural gas, moved through the canal before the war.
The megachannel that China is building
Under this context, countries are looking for alternative ways to prevent their respective economies from stagnating at all costs. It has not remained with its arms crossed and is already manufacturing the so-called Pingul Channel.
It is a 134-kilometer-long megachannel, whose main objectives are to optimize the transportation of goods from the southwest of the country. Rreducing costs and strengthening trade relations with Southeast Asia. This is reported by the German newspaper, through one of his most recent articles.
The waterway is planned to connect Nanning, capital of China’s Guangxi province, with the Gulf of Tonkin. This geographical feature is located between the coast of Vietnam, the southern coast of China and the island of Hainan, to the east.
In this way, the canal will link Chinese river traffic with international maritime routes.eliminating the need for ships to use the traditional route through Guangdong province.
As a result, this will enable shipping companies to significantly save on transit costs. Transportation time is expected to be reduced from one month to seven to ten days. Everything points to an annual savings of between 725 and 750 million dollars.
According to what is stated by the renowned study center Carnegie Endowment for International Peace, The Pingul Canal will have the capacity to receive a cargo of 89 million tons annually.
