Expanded Panama Canal to Boost Maritime Shipping

Need for smaller vessels to unload larger cargo ships could spark market growth

Industry insiders are predicting that the $5 billion upgrade of the Panama Canal could force U.S. shipyards to produce more vessels to help move cargo from larger container ships that previously could not traverse the canal. The expanded canal will enable bigger container ships to bring goods from Asia to the U.S. East Coast, which could bring a much needed boost to the U.S. maritime industry. To read more, click HERE.