“”

“”

West cost getting a huge competition

on Aug 1st, 2009 and filed under Investments. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

Struggling to cope with the issue of recession, West Coast ports seem to face a new competition at present like ports in Mexico and Canada, a widespread Panama Canal as well as the Suez Canal could take away some cross-Pacific shipping that they have relied on.
Over seventy percent of goods that are imported to U.S from the Asian countries pass all the way through the ports of Portland, Los Angeles, Oakland, Tacoma, Seattle, and Long Beach. Last week, the directors of all the ports went for their first-ever combined visit on Capitol Hill looking for billions of dollars as well as a federal commitment for improving the rail corridors required for speeding the goods east. The executive director of Port of Tacoma said that he needs a well strategic freight policy planning also need to focus on the specific corridors from shanghai to Chicago and must relate Japan to united states.  The looming cash is gradually rising for the Asian routes and it has become a lesson for geographical lesson as the architects are there ready to design the major ships. Also it gives a fruitful matter for shipping economy as per concern as greenhouse effect.
The Canada blooming with its better strategies for the shipping for the port of Vancouver and a new port at Prince Rupert that is quite far away form the Vancouver. Mexico is also ready there to announce its major plans to build up a port at Punta Colonet on Baja Peninsula and it shows the Mexican interest in the west coast ports. The coming 2014, will be one of the shining year for the Panama with the huge investment as canal will be approximately about to finish. The largest ship will pass the west coast ports entirely and will go for east coast. The one of the biggest disadvantage with this is it fees to use the Panama Canal for a heavy carrier it could be approximately $250,000.
Good from countries like India, Bangladesh often come through this route for going to United States. This could be a good key for the west coast and they will be looking forward to improve the rail services to the east. Including the surface transportation for the next five years could reauthorize the lobbying campaign and it would be rather suffering, though. It can include the roadways, railways and mass transmission. The rail corridors from the west coast to east will be included to emphasis with the billing. The new tracks, upgraded signals and some other factor could help it to expand.

You must be logged in to post a comment Login

Log in / Copyright @ Panama News 24