Retrofitting: Future of Ports and Transportation Post-Panamax

GMA 400L - Senior Seminar Research Lab

Aging ships in the transportation fleet are being replaced with larger ships called the new-Panamax. These bigger vessels were unable to fit through a key shipping route for Asian Producers to reach the majority of their customer base on the United States Eastern Seaboard. The Panama Canal, for the better part of a decade, was unable to accommodate the new wave of ships and had to default shipments to the West Coast and the US land bridge. In the summer of 2016, the new expanded Panama Canal opened for operation. Producers and shippers are choosing to divert their routes and keeping cargo on the ships longer because it is more direct and economically profitable