Canal expansion may not benefit iron ore, coal
Apr 15, 2013 | 02:50 PM
| Catherine Ngai
NEW ORLEANS While the volume of container shipments to the United States is likely to increase as a result of the Panama Canal expansion, dry bulk shipments, such as iron ore and coal, could gain little or no traction due to higher fuel rates, according to one industry analyst.
Upon the expected completion of the Panama Canal expansion in 2015, container volumes are expected to go up as much as 12 percent (amm.com, Jan. 20, 2012), and U.S. ports have been scrambling to upgrade facilities and dredge deeper channels in order to meet the new demand. ....
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