The New York Times reported this week that the electorate in Panama has voted by a wide margin to approve $5B+ to widen the canal.
Original Post: 10/11/06
Having just reviewed The Box about containerization, I’m probably a little over-sensitized to container shipping issues, but the article in yesterday’s Wall Street Journal (“Giants of the Sea”) jumped out at me.
They’re now building ships that can hold 11,000 containers, so we can get all those material goods from China. They’re going to have to widen the Panama Canal, and the Port of Long Beach is going to spend $800M to replace a bridge with a taller one.
Let’s hope no one has any thoughts about bringing one up the Columbia.