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