IHS: Panama Canal Expansion the Most Critical Infrastructure Project of the Next 50 Years

February 2, 2015

The Panama Canal expansion will shape industrial trends in the next 50 years, according to Richard Clayton, Chief Maritime Analyst at IHS, a independent research company. 

 

The current capacity of the Panama Canal, limited to a width of 33 meters means that, “the size of ship and the volume of cargo that you can carry, is really restricted by the needs of a hundred years ago.” 

 

 

Plans to increase the width to 50 meters will accommodate larger ships and influence ‘the flow of trade from the Atlantic to the Pacific and…….you can start thinking about supplying China from Brazil, so it changes the way we think about the world (and) is one of the key pieces of investment for the maritime sector over the next 40 or 50 years.’

Please reload