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Norfolk and Charleston are best placed for post-2014 Panama Canal expansion

Wednesday, November 24, 2010

The expansion of the Panama Canal, which is due to be completed in 2014, will have a significant impact on trade routes, port development, cargo distribution and the US shipping sector in general.

Container trade will see one of the biggest changes, as expansion will enable massive post-Panamax vessels to use the canal.

The challenge is predicting the extent and location of the impact. The ports of Norfolk (Virginia) and Charleston (South Carolina) are currently best placed to achieve the coveted status of East Coast hubs post-2014.

Original source: Business Monitor International