The $5.25 billion expansion project for the Panama Canal is slated to finish in 2015, promising quicker transit times and more space for huge ships that don’t fit in the canal’s locks. But, as construction continues, many shipping companies are looking to other routes to transit cargo around the globe. 

Smaller, Slower, More Expensive: Panama Canal Losing Shipping To Other Routes, Port News, Shipping News, Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping.

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