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Caribbean region gears up for expanded Panama Canal

Friday, October 11, 2013

Port operators, shippers and feeder lines are getting ready for an upgraded and modernised Panama Canal, according to Caribbean Shipping Association president Grantley Stephenson.

Stephenson said the new canal "is expected to affect world shipping very much as the opening of the original Canal did a century ago".

Cartagena, in Colombia, is undertaking a $530 million investment in extensive infrastructure and technology upgrades in an effort to boost its capacity to become one of the largest players of the region.

Source: Seatrade Global