Ports and Canals Expand to Accommodate Larger Vessels
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Competition is fierce among port facilities. Giant new ships like the Triple-E require constant capital investment at ports that want to remain competitive. Los Angeles and Long Beach together are investing more than $5 billion on infrastructure improvements to handle larger ships. As part of the improvements, Long Beach is constructing Middle Harbor, a 321-acre container terminal that will be able to handle ships of up to 18,000 TEUs.
Rotterdam, Netherlands, Europe’s most vital port, has its own growth plans. The port of Rotterdam is investing $12.4 billion to add 7.7 square miles more land to its facilities by dredging and filling, while building an array of new docks, warehouses, terminals and refineries. Its eventual capacity will be 8.5 million TEUs per year.
The Panama Canal completed a 10-year, multi-billion-dollar expansion in 2016. The canal expanded from its former 108-foot wide locks with a third set of 180-foot wide locks. According to the Panama Canal Authority, the project doubles capacity. Ships that previously were forced to go around Cape Horn at the tip of South America in order to cross from the Pacific side of the Americas to the Atlantic side will be able to shave thousands of miles off their voyages by using the enlarged Panama Canal.
For everything you need to know about the Transportation, Supply Chain & Logistics Industry companies, see: Plunkett’s Transportation, Supply Chain & Logistics Industry Almanac 2021
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Publication Date: April 2021Price: $379.99
Printed ISBN: 978-1-62831-565-3
eBook ISBN: 978-1-62831-909-5
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