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Panama Canal expansion - the future of maritime commerce
Last week, the United States government's Maritime Administration released the first of a comprehensive, multi-phase study forecasting the impact that the Panama Canal expansion will have on US ports and our overall transportation system.
A key aspect to the study is an evaluation of our ports' general "readiness" to handle the increased traffic that the widened canal will bring, both in cargo volume and vessel size.
For decades, the size of the Panama Canal has been a constraint on the maritime industry, which has been building ships that significantly exceed the canal's navigable dimensions, limiting direct international trade options, most especially for East and Gulf Coast ports of the United States.
Continue reading the full story on www.bairdmaritime.com.
