{"id":9506,"date":"2014-01-28T08:38:55","date_gmt":"2014-01-28T13:38:55","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=9506"},"modified":"2014-01-28T08:41:07","modified_gmt":"2014-01-28T13:41:07","slug":"container-port-readiness-for-new-panamax-vessels","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/container-port-readiness-for-new-panamax-vessels\/","title":{"rendered":"Container Port Readiness for New Panamax Vessels"},"content":{"rendered":"

This is an excellent graphic and analysis of the impact of the Panama Canal’s expansion on shipping around the globe.\u00a0 The article appears in Stratfor\u00a0 that specializes in Global Intelligence.<\/p>\n

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\"The<\/a><\/div>\n<\/div>\n<\/div>\n
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Analysis<\/h3>\n

The recently-delayed Panama Canal expansion project<\/span> will eventually enable significantly larger bulk and container ships to pass through the canal<\/span> after it is completed. In essence, it will improve connectivity between Asia and the eastern\u00a0coasts of North America and South America by making an all-water route accessible to a wider range of ships<\/span>. The U.S. Gulf Coast and\u00a0trade\u00a0ports in the Caribbean stand to benefit the most from\u00a0the\u00a0increased shipping volumes\u00a0of\u00a0larger ships.\u00a0East Coast ports that have the capacity to handle new, larger Panamax\u00a0ships will be in direct competition with West Coast ports and interior transportation lines for trade traffic.<\/span><\/p>\n

Ports will have to be\u00a0modified\u00a0to receive the\u00a0larger post-Panamax\u00a0ships, requiring hundreds of millions of dollars worth of upgrades. New Panamax\u00a0ships\u00a0— with significantly larger hulls and displacement —\u00a0draw\u00a0much\u00a0more water than current Panamax ships. This means that ports\u00a0will\u00a0need to have channels and berths\u00a0at least\u00a015 meters deep.\u00a0For many\u00a0locations, this\u00a0will require significant dredging. This is particularly true of Gulf Coast ports such as Houston, which tend to be relatively shallow, but even East Coast ports will\u00a0have\u00a0to deepen their channels and berths. For example, the Port of New York and New Jersey began dredging key channels to depths of 15 meters in 2005. The\u00a0New York\u00a0and New Jersey\u00a0Port Authority is also raising the Bayonne Bridge\u00a0by\u00a019.5 meters to allow enough air clearance for larger tankers\u00a0entering the port. Other ports in the Western Hemisphere have already invested or are preparing to invest in the improvements necessary to receive increasingly large ships. These include Norfolk, Va., and Savannah, Ga.; Kingston, Jamaica; Cartagena and Buenaventura in Colombia; and Suape and Santos\u00a0in\u00a0Brazil. These are long-term investments designed to keep the ports relevant and competitive in a global climate in which ships are becoming larger\u00a0each\u00a0year, regardless of the status of the Panama Canal.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

This is an excellent graphic and analysis of the impact of the Panama Canal’s expansion on shipping around<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9506","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"\nContainer Port Readiness for New Panamax Vessels - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/container-port-readiness-for-new-panamax-vessels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Container Port Readiness for New Panamax Vessels\" 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