Can U.S. Measure Up to Panama Canal Expansion?

Tuesday, August 14, 2012

Panama Canal expansion will bring higher volumes, larger vessels, new trading patterns, trends analysed in a new report.

As the completion of the Panama Canal expansion nears, a number of concerns have surfaced regarding the ability of U.S. ports to keep up with the more aggressive port infrastructure progress witnessed overseas. Colliers International released its 'North American Port Analysis Report', which highlights the rapid growth of intermodalism – the study of various transportation modes such as seaport/ship and rail as interconnected rather than isolated – and the need for significant investment in U.S. ports Post-Panamax, or post-Panama Canal expansion.

Key findings include:

    •    Intermodalism: In the past 55 years, intermodalism has advanced from the equivalent of the ice age to the space age. This concept is vital to the success of the global supply chain.
    •    Post-Panamax Prep: Four East Coast ports will be ready to handle post-Panamax ships by 2015, including Baltimore (2013), Miami (2014), New York (2015) and Norfolk (ready).  In addition, four West Coast ports are already post-Panamax ready, including Los Angeles, Long Beach, Oakland and Seattle.
    •    Funding Port Infrastructure: The U.S. ranks only 23rd globally. Multi-billion dollar investment is required for North American ports to meet the demands of Post-Panamax container traffic by 2030, when 60 to 70 percent of the world's container fleet will be 18-22 containers wide.  Currently, only eight U.S. ports are on track to be Post-Panamax ready by 2015.
    •    Port Activity: The U.S. is far behind other countries in terms of port activity, and globally does not rank among the top 10 busiest ports. Six of the world's 10 busiest container ports are in China, and the busiest port, in Shanghai, handles 29 million twenty-foot equivalent unit (TEU) containers. In comparison, the busiest port in the U.S. is Los Angeles/Long Beach, which handles 14 million TEUs.
    •    Risky Business: Any change in business presents risks, and Colliers has identified several for the U.S. ports in the foreseeable future: overheated port competition, environmental inaction, labor strikes, slowing global GDP, and state budget crises.  
    •    Container Traffic: For the first time since World War II, container traffic growth on the East coast has surpassed that of the West coast. This is in large part due to emergent, strong manufacturing companies moving to the Southeast and Midwest.

In the report, Colliers has also initiated the 2012 Port Awards to recognize the top 10 North American ports.  For example:
    •    Most Irreplaceable: Port of Houston
    •    Jumping Hurdles in a New York Minute: The Port Authority of New York & New Jersey
    •    The Comeback Kid: Jacksonville Port Authority
    •    The Up-and-Comer: Alabama State Port Authority

The 13-page report is available in .PDF here.
 



 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Ports

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

Logistics

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1546 sec (6 req/sec)