Aug
02

Charleston and Savannah Among Ports to Watch

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port craneWith less than 10 months to go until the $5.2 billion Panama Canal expansion opens in April 2016, U.S. ports are implementing almost $30 billion in dredging and infrastructure improvements to handle Post-Panamax ships—massive 400-yard-long vessels that can carry about 14,000 product containers.

Shipping experts estimate that the two main U.S. ports, Los Angeles/Long Beach and New York/New Jersey, will continue to grow at a steady pace after the expansion. However, secondary markets that are spending some of those billions mentioned above are poised to gain more market share. Up to 10 percent of container traffic from East Asia could shift to East Coast ports by 2020, according to a recently released study by C.H. Robinson and the Boston Consulting Group. West Coast ports will still grow their shipping, but more cargo will head east, especially as companies look to diversify their routes to avoid another labor strike like the one that hit California ports earlier this year.

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Categories : Charleston, Savannah

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