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MARAD Releases Study on Impacts of Panama Canal Expansion

The expansion is scheduled for completion in 2015 - Posta Panamax vessels will enter US ports The U.S. Department of Transportation's Maritime Administration (MARAD) has released a study on shipping patterns and industry costs that will help the United States prepare for the anticipated impact on its ports, waterways and intermodal freight systems from the Panama Canal expansion. The expansion of the Panama Canal, scheduled for completion in 2015, will give much larger vessels, called "Post Panamax" vessels, greater access to the U.S. ports on the East and Gulf coasts."America's ports keep our economy moving," saidU.S. Transportation Secretary Anthony Foxx."This study can serve as a compass to guide our port investments in the Post Panamax world so our nation's ports can accommodate larger vessels and help maintain our global competiveness."The Panama Canal Expansion Study, the first of a two-part study, found the integration of Post-Panamax vessels into U.S. trade lanes will have substantial implications for the nation's shippers, ports and surface freight corridors, particularly along the East Coast, Gulf Coast and inland states located east of the Mississippi River. In addition, more cost-effective service generated by the larger vessels could improve the ability of some U.S. exports, like grain, coal, ...

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