Tags: Panama | Canal | Expansion | Shipping

LIGNET: Panama Canal’s $5.3 Billion Expansion to Boost Global Shipping

By    |   Wednesday, 15 Aug 2012 11:26 AM

Image: LIGNET: Panama Canal’s $5.3 Billion Expansion to Boost Global Shipping
December 2011 photo of construction of the new locks of the Panama Canal, in Cocoli, Panama. (Juan Jose RODRIGUEZ/AFP/Getty Images)
The addition of a third, much-wider lane to the Panama Canal will dramatically alter global shipping. Able to accommodate ships almost three times larger, the $5.3 billion expansion opens in 2015. A wider route will lead to increased shipping through the Gulf of Mexico and facilitate the transfer of coal, oil, and natural gas from Central and South America to energy-hungry Asia.

To read the full analysis from top experts at LIGNET.com, click here.

© 2017 Newsmax. All rights reserved.

   
1Like our page
2Share
74
2012-26-15
Wednesday, 15 Aug 2012 11:26 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved