Panama Canal will soon open a new channel cost US airline will drop substantially
- Autor:cn156
- Fuente:cn156
- Fecha de Publicación:2016-05-12
October 10, 1913, when US President Woodrow Wilson personally start dam gate announced the completion of the Panama Canal, the Panama Canal linking the Pacific and Atlantic has since become an important shipping routes. However, with the cargo vessels becoming larger and larger, the Panama Canal has been unable to meet the traffic demand part of the vessel.
All this will change in June. To spend $ 5.25 billion Panama Canal expansion project will soon be completed in June. By then, the canal will limit vessel size to 2.5 times faster than the current. This will have a profound impact on the global shipping industry:
First, more goods will circulate between the Pacific and Atlantic Oceans, the shipping cost will be greatly reduced, while the global shipping route will be re-planning.
Second, with the canal traffic increases, the number of transport will rise. The so-called transfer means the transfer of goods from ship to the boat and transported to the shallow harbor. Three major ports of the Panama Canal, Balboa, Colón and Manzanillo will connect Shanghai and other shipping centers and Barranquilla and other small ports. This will enhance the importance of the Panama regional transport network.
Finally, the expansion of the canal will allow more agricultural products shipped within the United States in East Asia. This will enhance the Mississippi River with respect to the US east and west coasts of the port status.
Panama Canal expansion will have a huge impact on the US transportation industry. With the expansion of the Canal, from Asia to the US East Coast ports, sea freight will be greatly reduced. This is because a single larger ships can carry more containers, reducing transportation costs per container.
In this case, more ships may choose to go directly to the east coast of the United States from Asia, rather than to the United States after the West Coast ports and then transported by rail cargo throughout the east coast.
This West Coast railway industry, could mean the loss of freight. For BNSF, Union Pacific Railroad Company freight and other West Bank can be reduced, while the amount of cargo and other east coast of Norfolk Southern Railway will increase accordingly.
Currently, two shipping giant Maersk and MSC has announced an increase to Alabama Mobile services. Other companies may follow suit. The Los Angeles and Long Beach port throughput may decline.
However, some industry experts do not believe that the Panama Canal will have such a big impact.
Bernstein analyst David Vernon traffic to the US financial technology blog Business Insider said: "The larger ships still need to travel to the West Bank, rather than through the Panama Canal to reach the east coast."
Last year, CMA CGM Benjamin Franklin and other giant container ships started serving the US West Coast services. These vessels can be loaded with 18,000 20-foot container. After the expansion of the Panama Canal and limited to 13,000 containers.
In addition, the east coast port was not ready for a large number of new goods. Savannah, Georgia, is one of America's busiest ports. Last year, it spent $ 706 million dredging project, but the project is going to be completed before 2021.
Vernon noted that container vessels are also limits to the east coast is a major reason.
If the vessel directly to the east coast from Asia, this will mean flight time has increased. That is, at any one time, the number of containers at sea will increase. Shipping companies have to buy more containers, which may be reluctant to invest in it.