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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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East Coast ports hope for increased traffic from Panama Canal expansion

Posted By Administration, Friday, January 22, 2016

The Panama Canal expansion slated to be open by the spring will allow massive new ships through the trade route and could shift the flow of goods from the West Coast to the East Coast. However, there are doubts the East Coast ports will benefit from the higher freight volumes the larger fleet will carry, as the West Coast route is well-established and faster by a few days to the interior of the country (The Globe and Mail). 

Tags:  East Coast Ports  West Coast Ports 

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