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The expanded Panama Canal already spurs mega-containerships into service

Tuesday, September 14, 2010

The $5.2 billion project to widen and deepen the Panama Canal won't be completed for four years.

But the big containerships that would then be able to traverse the expanded canal aren't waiting for its completion.

The stakes are huge for US East and Gulf Coast ports.

The expanded canal is expected to siphon Asia-originating traffic bound for US interior points from West Coast ports to East and Gulf Coast ports as shippers and retailers seek lower-cost all-water routes and closer proximity to large distribution centers in the south and moving north toward the nation's heartland.

Original source: DC Velocity