Stay informed on the latest trade war developement.

CARM: What all importers need to know about CARM

Route Article

Completion of Suez Canal expansion

     Suez Canal
  One-way traffic is no longer the norm on the recently expanded Suez Canal. Now ships can travel in both directions.

The newly expanded Suez Canal, which officially opened on August 6, 2015, is now able to handle traffic in both directions, a key improvement made possible by:

  • the addition of a 35 kilometre parallel waterway flanking the existing 145 year old canal
  • the deepening of the existing canal

The improvements have cut transit time from 18 hours to 11 hours and boosted the canal’s daily capacity to 97 ships, an increase of just over 50 percent.

Opened in 1869, the Suez Canal accommodates about 7.5 percent of the world’s sea trade.  The Canal’s 193 kilometre waterway provides the shortest sea link between Asia and Europe, and is also an increasingly popular option on the Asia – North America trade lane.

For more information, contact Chris Barnard, Vice President – Projects & Market Development.

Quick Tip #58
Be prepared for customs penalties and fines under AMPS

Never assume that the absence of an audit means you will never be audited.  Penalties under AMPS (Administrative Monetary Penalty System) can be applied at the border at time of import (or export) and also post audit.

Switch to a Logistics
Partner Who Cares

Click the button below to find out why we’ve been Canada’s most trusted freight forwarder and customs broker for over 75 years.

Professional business people team meeting and working in corporate office concept

Register now to learn more about our

101 Logistics Quick Tips

Available exclusively from Universal Logistics