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Wider Panama Canal to fuel US port growth

Thursday, August 18, 2016


US East Coast port operators aren't expecting an immediate windfall from the billions of dollars they invested to accommodate bigger container ships transiting the newly enlarged Panama Canal, but they are counting on slow, steady growth over the long haul.

Ports along the Atlantic seaboard have been racing to prepare for this summer's opening of the expanded Panama Canal by dredging channels and upgrading equipment like massive new cranes to handle larger vessels.

Source: Bloomberg BNA