Nicaraguan assembly OKs $40 bln Chinese canal to rival Panama's

[Socialistlemur]

16. There's very little supertanker traffic around Cape Horn

I don't know who gave the information for that piece, but there's no supertanker traffic around Cape Horn. The only large tanker traffic would be from Venezuela and it doesn't go that way, the ships sail due East.

I can see eventually the construction of two loading ports and a pipeline to parallel the ones in Panama because the Chinese may want to control it, but digging a canal for one or two ships per day is way too expensive.

Such a canal won't have too much long term utility if we do confirm the global warming projections. I don't trust those computer models but neither would I build a new open Channel if sea level is rising 3 to 4 meters, and the Arctic ice melts all the way in summer time. I think they are going to study this ( they'll use a different Chinese company because the one which received the concession isn't really in this line if work).