According to the Seattle Times, 70% of the cargo unloaded at the Port of Seattle is destined for locations in the midwest and beyond. That’s why there is concern that the upcoming expansion of the Panama Canal may have negative effects on our local ports. The new third lane of the Panama Canal, scheduled to open in 2014, will allow larger vessels through. West Coast ports may see a loss of cargo as more shipments go through the canal to East Coast ports that are closer to the cargo’s final destination. Read more about the canal expansion in the Seattle Times.
What will be the effect of the Panama Canal expansion on our ports?