Panama Canal Expansion to Change Shipping Patterns, Study Says

31 August 2009 (Last Updated August 31st, 2009 18:30)

The $5.25bn expansion of the Panama Canal will alter shipping patterns by sending more traffic to the US East Coast, according to a report by global real estate firm Jones Lang LaSalle. The canal’s expansion may reduce the US West Coast’s dominance in container traffic and port growth,

The $5.25bn expansion of the Panama Canal will alter shipping patterns by sending more traffic to the US East Coast, according to a report by global real estate firm Jones Lang LaSalle.

The canal’s expansion may reduce the US West Coast’s dominance in container traffic and port growth, cargonewsasia.com reports.

The canal expansion is expected to complete in five years.