Maryland Deal Plans for Panama Canal Expansion, Take Share From West Coast Ports

The Maryland Port Administration has expanded a partnership with the Panama Canal that is intended to attract  larger cargo ships and more cargo from Asia once a key Port of Baltimore project is finished in 2012.

When the Panama Canal expansion is completed in 2014, it is expected that “more ships, including new supersized ships, will travel to East Coast ports to reach customers quicker and more economically than traveling to West Coast ports and transporting cargo across the country via rail. At the opening of the expanded Panama Canal, Baltimore will be only one of two East Coast ports capable of receiving these large vessels.” (“Maryland Port Administration and Panama Canal Renew Ties” -pdf news release)

 

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