C&W Industrial Research MarketNote: Countdown to the Opening of The Panama Canal Expansion

C&W industrial marketnote july 8KEY TAKEAWAY

The expansion of The Panama Canal is due for completion in early 2016, allowing the passage of much larger “Post-Panamax” ships and essentially doubling the volume of cargo that can be moved through the Canal. These larger ships will allow cost savings for shipping, but will place greater demands on ports on the U.S. Atlantic and Gulf Coasts. Terminal facilities and channel depths, as well as other infrastructure improvements, have been on the agenda for many of these ports, with ports from New Jersey to Brownsville, TX preparing to compete for increased volume and changing trade patterns brought by the Canal’s expansion.

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