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US East Coast ports not ready for Panama Canal expansion, says container ship CEO

Posted By Administration, Monday, April 4, 2016

U.S. East Coast ports looking to use the Panama Canal expansion to lure traffic from congested West Coast ports have failed to invest in infrastructure and are years away from being ready for extra business, according to Seaspan CEO Gerry Wang, the head of the world's largest lessor of container ships. Last month, volume through those West Coast ports jumped 42 percent over the 2015 period to a record high, and Wang says congestion there should allow ports on the East Coast to benefit, but necessary infrastructure projects have moved slowly (Reuters).

Tags:  Infrastructure  West Coast Port Congestion  West Coast Ports 

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