Title : Sunday, October 8, 2017 -- Nothing About The Bakken -- Traveling
link : Sunday, October 8, 2017 -- Nothing About The Bakken -- Traveling
Sunday, October 8, 2017 -- Nothing About The Bakken -- Traveling
Panama Cana: How many remember this story by The New York Times: what if the Panama Canal expansion doesn't work. It was another fake news story and I had a bit of fun with it. Today, in The Wall Street Journal, the Panama Canal's big bet is paying off.Ocean operators switch some sailing from Suez as bigger ships can cross new Panama locks to reach US East Coast.
Panama’s $5 billion investment to expand its century-old canal is paying off as shipping lines send more U.S.-bound cargoes through the passage instead of the Suez Canal.
Ships nearly three times as large as the ones crossing before the expanded locks opened in June of 2016 are bringing tens of millions of additional dollars in tolls and a trading boom to U.S. East Coast ports, allaying some fears that investments to cater to the bigger vessels wouldn’t see enough returns.
Since the start of the year, transiting tonnage at the Panama Canal has increased by nearly 23%, canal executives say. Last week marked the 2,000th transit of a ship that wouldn’t have fit through the old locks.
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