Major Panama Canal expansion delays
China was the primary beneficiary of higher grain cargoes going through the Panama Canal with a 48 percent increase in shipments, followed by Japan and South Korea.
Higher volumes from ports
K.C. Conway, chief USA economist for Colliers International, says the expansion of the Panama Canal is really important for expanding East Coast shipping ports volumes. He appeared at the American Society of Farm Managers and Rural Appraisers and talked about ports of the Southeast U.S. becoming major deep water ports for agricultural product shipping with the completed expansion of the Panama Canal.
Current grain volume shipped through the canal could be a drop in the bucket compared to when the expansion is completed. These ports will outperform the West Coast ports, Conway said.
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