January 31, 2014

Panama Canal Upgrade Jolts U.S. Ports

Eric Sabo, Bloomberg Businessweek

The Associated Press

A century after U.S. President Theodore Roosevelt’s gunboat diplomacy made the Panama Canal a reality, the Panama Canal Authority is rushing to finish a $5.25 billion effort to keep the canal relevant. New locks and a deeper channel will accommodate ships 1,200 feet long (366 meters long) and 160 feet wide -- 25 percent longer and more than a third wider than the biggest ships that can use the canal today.

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TAGGED: Panama Canal Authority, Port Of Baltimore, Port Miami, Port Of New York, Panama, Panama Canal

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