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Feasibility of shipping canal across Thailand under review

     Kra Canal, Thailand

A newspaper in Thailand (Thai Daily) has reported that China is considering the feasibility of building a 100-kilometre canal in South Thailand that would connect the Pacific and Indian Oceans.

The completed 26-metre deep canal, estimated to cost $20 billion, would cut shipping times by about 48 hours and reduce the congestion expected to develop in the Malacca Straight over the next ten years.  Details will be announced on February 21st at a seminar on China’s Maritime Silk Road Initiative, created to revive the country’s historic trade routes across Asia.

For more information, contact David Lychek, Manager – Ocean & Air Services.

Quick Tip #14
Don’t just insure the value of the goods

When insuring your freight, you are fully entitled to value your goods at a price above the base cost. Valuation of goods may include all freight charges, related costs, plus 10% (or more) to cover the administrative burden of processing a claim and to cover the insured’s profit. Since duty is still payable on damaged goods, make sure you insure the amount of duty as well.

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