Panama Canal upgrade sparks US ports battle. Biggest shake-up in US distribution since advent of containers
The $5.25 billion project to build larger locks along the Panama Canal will remove a bottleneck that has prevented the large ships on many major trade routes sailing direct to the US east coast from Asia.
The new vessels are expected to have up to three times the capacity of the biggest ships currently on the route.
All along the east and gulf coasts ahead of what promises to be the biggest shake-up in US distribution since the advent of shipping containers 50 years ago.
Original source: Financial Times