Panama Canal Expansion Boosts Capacity by 2016, Business and Industry Trends Analysis

China’s immense success in becoming a sophisticated manufacturing center for export products initially meant exponential growth in the number of ships coming in and out of Asia.  In December 2005, China opened phase one of its new Yangshan Deep Water port near Shanghai, in what may eventually become the world’s largest container port.  It may be completed by 2020, after $20 billion in investment, with the capacity to handle 20 million TEUs yearly.  Offering deep water of nearly 50 feet, the new port is located among a small group of islands about 20 miles offshore.  One of the longest bridges…

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