New Suez Canal to Launch

It has been officially confirmed by the Egyptian Suez Canal Authority, that the New Suez canal has been completed and will be launched officially within a week. The project has been started 11 months ago and its completion is ahead of the initial schedule. The New Suez canal has been tested last week by three containerships of American, Danish and Bahraini flags prior to its formal launch. The New Suez canal expansion project would lead off ships of up to 20 meters draft to transit while the transit time is expected to cut from 20 to 11 hours.