Panama Canal is likely to shake
up trade routes once again:
“Nine years of
construction work, at a cost of more than $5 billion, have equipped the canal
with a third set of locks and deeper navigation channels, crucial improvements
that will double the isthmus’s capacity for carrying cargo between the Atlantic
and Pacific oceans.
When the new locks
slide open to receive traffic for the first time in late June, the
reverberations will be felt from Asian gas terminals to Great Plains farms and
ports from Miami to Long Beach to Santiago.”