26 September 2014
Even though the $5.3 billion Panama Canal expansion won't be operational until early 2016, the head of the Panama Canal Authority says another expansion will be needed within 25 years to handle even larger container ships.
I am already on record wondering why two new canal projects, one in Nicaragua and another at the Suez, are really necessary, and this news strikes me as most likely a defensive statement by Panama in light of the nearby Nicaragua canal project refusing to go away (and indeed construction set to begin in December).
- Peter Tirschwell
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South American ports taxed by rapid growth in ship sizes
When Hamburg Sud’s new Cap San-class container ships call at Argentina’s Port of Buenos Aires, they present an incongruous sight: a vessel with capacity to carry 9,700 TEUs being worked with spindly mobile cranes instead of modern gantries.