The Panama Canal Is Opening Up To A Busy Future

The Panama Canal is a full century old, but that doesn’t mean it still can’t grow. The 48-mile-long landmark that cuts across “the backbone of the Western Hemisphere” is going through the final year of a massive expansion. When work is completed...

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The Panama Canal is a full century old, but that doesn’t mean it still can’t grow. The 48-mile-long landmark that cuts across “the backbone of the Western Hemisphere” is going through the final year of a massive expansion. When work is completed in 2015, new locks will allow giant “New Panamax” class of container ships and supertankers through and boost the canal’s capacity by half.

The $5-billion project has also energized American ports from Miami to Boston. They have invested another billion in dredging their harbors and building up infrastructure to handle plus-size vessels carrying everything from...

To read this article in full, visit GE Reports.

 

 

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