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Facts About The Panama Canal Expansion

ATLANTIC OCEAN Tuscor Lloyds Colón GLOBAL LOGISTICS 2 Gatun Locks Gatun Lake Pedro Miguel Locks Miraflores Locks Miraflores Lake PANAMA CITY PANAMA CANAL EXPANSION COMPONENTS (1 Deeping of the Pacific and Atlantic canal entrances 2) Building of new lock and water reutilization basins on the Pacific and Atlantic canal ends 3) Raising of Gatun Lake maximum operation level 4) Widening and deepening of the Gatun Lake navigational channel, and deepening of the Culebra Cut 5) Construction of a new 6.1 kilometre Pacific Access Channel PACIFIC OCEAN 10 15 km 10 mi PANAMA CANAL EXPANSION The main objective of the Expansion Program is to increase capacity to meet demand growth with enhanced customer service. The Expansion will double the Canal's capacity, having a direct impact on economies of scale and international maritime trade. It will help maintain the Canal's competitiveness and the value of the maritime route through Panama. EXPECTED COMPLETION: EXPECTED COST: 2015. $5.25 BILLION (8 YEAR PROJECT STARTED IN 2007) INCREASED VESSEL SIZE, CONTAINER LOADS &ANNUAL TONNAGE: 5,000 TEU PANAMAX VESSEL 965 ft (PANAMAX VESSELD 106 ft 13,000 TEU POST PA (VESSEI (POST PANAMAX VESSEL) 1,200 ft 160 ft 218%INCREASE IN ANNUAL TONNAGE TRAVELING THROUGH THE PANAMA CANAL (INCREASING FROM 275 MILLION TONS TO 600 MILLION TONS) 70% OF U.S. CONTAINER TRAFFIC FROM ASIA PASSES THROUGH PACIFIC PORTS EAST COAST AS MUCH AS A THIRD OF THOSE CONTAINERS TRAVEL THROUGH LOS ANGELES AND LONG BEACH FOR FURTHER TRANSPORT TO CONSUMERS ON THE EAST COAST. WEST COAST ONCE COMPLETED IN EARLY 2016, THE EXPANDED CANAL WILL GIVE SHIPPERS THE OPTION TO BYPASS WEST COAST PORTS AND THEIR MORE-EXPENSIVE OVERLAND SUPPLY ROUTES, AND GO DIRECTLY TO EAST COAST PORTS. BENEFITS OF THE PANAMA CANAL EXPANSION: 1: DECREASE INSTANCES OF BOTTLENECKS 2: ALLOW TRANSIT OF HIGHER CAPACITY POST PANAMAX VESSELS 3: LOWER TRANSIT TIMES BY RENDERING RAISED CAPACITY 4: INCREASE DAILY VESSEL CAPACITY UPTO42-51 VESSELS PERDAY 5: REDUCE WATER CONSUMPTION 6: OPEN US EASTCOAST TO ASIAN MARKET VIA ALL-WATER ROUTE (REDUCE NEED FOR COSTLY INLAND TRANSPORT) Tuscor Lloyds GLOBAL LOGISTICS Sources: http://micanaldepanama.com/expansion/ http://www.pancanal.com/eng/expansion/ nothorafr

Facts About The Panama Canal Expansion

shared by Tuscor Lloyds on Nov 24
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The Panama Canal has been undergoing an 8 year expansion which is set to finish in 2015, the expansion of this iconic canal is expected to have a large effect on international trade in and around the ...

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