US Ports Prepare for Panama Pandemonium
In a bid to prepare for the fast-approaching deadline of the Panama Canal Expansion project, which is due to be completed in early 2016, ports in the US are scrambling to expand in preparation for the surge in trade activity that will ensue.
PTI previously reported on the Panama Canal’s April update, showing that the project has reached its electro-mechanical stage of its installation, meaning that it can now move into the final stage of development.
As reported by USA today, the Port of New York and New Jersey will be spending around US$6bn to deepen its channel and modernize its container terminals. According to the port authority’s website, the move will facilitate increased cargo growth and the next generation of mega-ships.
A $1bn project at Port Miami will position the port as the only global logistics hub along the South of Virginia to handle bigger post-Panamax vessels. The port is also implementing super post-Panamax Gantry Cranes and its ‘Port Miami’ tunnel that aims to connect the port directly with the US’ Interstate highway system.