U.S. ports in race to be ready for increased Panama Canal traffic
December 17, 2011 § Leave a comment
Ports along the U.S. East and Gulf Coasts are racing to expand so that they can take on an anticipated growth in shipping once an expanded Panama Canal opens.
(Click the audio player to hear more on this story from CNN Radio’s Steve Kastenbaum)
New locks are expected to be completed at the Panama Canal in 2014. They’ll enable much larger ships to pass through the canal, providing these ships to take direct routes between Asia and the U.S. East Coast.
“It will dramatically change the dynamics of shipping to the East Coast, or at least that’s the expectation of some in the industry,” said Manju Chandrasekhar, a vice president with the engineering firm Halcrow. He’s been working on port expansions and other infrastructure projects for the past 16 years.
“These ships are bigger. It also means that they sit deeper in the water. The industry term is the draft,”…
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