Portrait of the Panama Canal
| By: | William Friar |
| Publisher: | Turner Publishing |
| eText ISBN: | 9781943328680 |
| Edition: | 0 |
| Format: | Page Fidelity |
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Table of Contents
- • Longtime bestseller
- • Includes new photos
- • Text has been updated to reflect new information
- • Author is respected expert on Panama (http://www.nomadicmatt.com/travel-blogs/interview-with-panama-writer-william-friar/)
- • The third set of locks, a $5.25 billion project including the construction of two new sets of single-lane, three-step locks—one set at the Atlantic entrance and one at the Pacific, is set to open in May 2016
- • The new locks will allow vessels with capacities of 13,000 to 14,000 twenty-foot-equivalent units, depending upon their configuration, to transit the canal up from the current Panamax-size vessel capacity of about 4,500 TEUs (twenty foot container or equivalent unit.)
- • Increased efficiencies and lower per-unit operating costs of the big ships will make the Panama route more competitive in attracting cargo from China and North Asia to East Coast ports.
- • Two-thirds of the canal’s traffic is generated by the US commercial decisions that affect cargo routing include transit times, vessel operational costs like bunker charges and canal tolls. Transit times from North Asia to the East Coast are slightly shorter than via the Suez route, so a migration of some of the existing cargo volume from the Suez Canal is anticipated.