Panama Canal Authority (ACP) vice president of Research and Market Analysis Rodolfo Sabonge forecasts that the new lane of traffic to be built on Panama Canal will greatly influence world trade and US ports in particular.
"These ports should be ready for larger and bigger ships that will go through the expanded Canal - anticipating infrastructure needs in the near future is key to their growth," he said.
The prediction was made during an expansion workshop held in Tampa, Florida earlier this month, co-sponsored by the American Association of Port Authorities (AAPA), the US Maritime Administration (MARAD), and hosted by the Tampa Port Authority. The event was attended by 200 US port and shipping officials, a statement from the ACP said.
The workshop entitled, "Shifting International Trade Routes - Planning for the Panama Canal Expansion," analysed the changing landscape of world trade, waterside and terminal development needs, financing opportunities and a number of other topics related to the expansion of the Panama Canal.
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