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"Panama Maritime Day" held in China for the first time


At the "Panama Maritime Day" event held for the first time in Shanghai, China recently, Chinese companies such as COSCO Group, China Communications Construction Group and China Development Bank expressed strong interest in the Panama Canal expansion project. The Panama Canal connects the Atlantic Ocean and the Pacific Ocean, with a total length of 81.3 kilometers, known as the bridge of the world. In 2006, more than 14,000 merchant ships passed through the canal. Chinese shipowners are the second largest user of the Panama Canal, with more than 700 ships passing through the Canal in 2006. With the development of the global economy, the capacity of the canal will reach saturation. Therefore, the Panamanian government decided to expand the canal. The expansion project will start at the end of 2007 and is expected to be completed in 2014. By then, the capacity of the canal will be doubled. During the event, Wei Jiafu, Chairman of China Shipowners Association and President of COSCO Group, Chen Yun, Vice President of CCCC Construction Group, and the person in charge of China Development Bank made speeches and reports. Their speeches all expressed strong interest in the expansion of the Panama Canal. The "Panama Maritime Day" event is hosted by the Panama Canal Authority and co-organized by the China Shipowners Association. The purpose of the activity is to publicize the canal's service concept of "creating opportunities and serving the world". At the same time, it also provides a communication platform for relevant Chinese engineering construction enterprises and institutions to participate in the expansion project of the Panama Canal. According to the person in charge of the China Shipowners Association: The event jointly organized by China and Pakistan in China has achieved a complete success. (China Shipping News)

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