Panama Canal Expansion Sparks Port Projects

SUGAR LAND--June 28, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Sunday's inauguration of the Panama Canal expansion was touted as a game changer in global trade. The first expansion of the canal since its opening in 1914, the $5.4 billion project will double the waterway's cargo capacity, according to the Panama Canal Authority. The expansion enables much larger vessels to transit the Isthmus of Panama. Within this article: Includes predictions by the U.S. Energy Information Administration.