Panama Canal chief unfazed by Suez expansion
Friday, May 22, 2015
The Suez Canal is scheduled to be wider and deeper by the end of the northern summer, but the potential time and cost savings for shippers and carriers is not a concern for Panama Canal Authority CEO Jorge Quijano.
Quijano, who views the Suez as a primary competitor with the Panama Canal for US east and Gulf coast container imports, has estimated that the Suez expansion could reduce transit times there by about four hours.
Source: IHS Maritime