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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Brexit will Affect Maritime Talent

The UK’s decision to leave the EU has the potential to drive many of its maritime employees away, according to the results of a survey issued by Faststream, a recruitment specialist in Maritime jobs.

“Twiggy” Baker Wins BWT Puerto Escondido Challenge

Grant “Twiggy” Baker (ZAF) claimed victory today at the Puerto Escondido Challenge, besting a field of 24 of the world’s best big wave surfers in towering 20-to-35

Winners of International Seafarers' Welfare Awards

The winners of ISWAN's International Seafarers' Welfare Awards 2016 were announced on 24th June at a high-profile ceremony held in Manila, the Philippines. The

Ports

Panama Canal Officially Opens $5.25Bln Expansion

A 984-foot Chinese container ship was greeted with fireworks and cheers from a crowd that had gathered, when it made an inaugural passage through the newly expanded Panama Canal on Sunday,

The Historical Passage of Cosco Shipping Panama

The Chinese giant Cosco Shipping  has made the inaugural transit on Sunday June 26, 2016  through the expanded Panama Canal expansion project , event appreciated

MPA to Enhance Collaboration with Rotterdam Port

Chief Executive of the Maritime and Port Authority of Singapore (MPA), Andrew Tan, attended the second Port Authorities Roundtable (PAR) in Rotterdam.    Hosted

Intermodal

Skou Replaces Andersen as Maersk CEO

Danish shipping and oil company A. P. Moller-Maersk has appointed Soren Skou, head of its container shipping unit Maersk Line, as new chief executive for the group

EU Ministers Agree on TEN-T

The EU transport ministers convened at the first day of the TEN-T Days in the Van Nelle Factory in Rotterdam.   They discussed the process of implementing the

Container Weighing Protocol Set for Port of Charleston

The South Carolina Ports Authority (SCPA) has today filed a rule in its Marine Terminal Operating Schedule (MTOS) outlining its process for adherence to the IMO

Logistics

Uncertainity Plagues Seaborne Iron Ore Shipments

Chinese iron ore imports account for around two thirds of global seaborne iron ore shipments, making it the key driver of Capesize employment. Clarksons Research Report.

More PPPs Needed to Enhance Dubai Maritime

The Marine Advisory Council has met to discuss the best ways to continue leading the march to excellence pursued by the Dubai Maritime Authority in upgrading the

210 Ships Pass Through Suez Canal Last Week

Suez Canal traffic data revealed that 210 ships transited the canal, with a total load of 12.8m tonnes, from 19 to 23 June.   An average of 42 ships transited the canal per day during that period,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1295 sec (8 req/sec)