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Wednesday, May 22 2019 @ 03:39 AM UTC

Tampa Port Authority hosts Panama Canal program

Canal Expansion bizjournals.com - The Panama Canal Authority administrator and senior executives of Zim and other shipping lines are scheduled to participate in the Panama Canal Expansion Workshop Jan. 23-24. Hosted by the Tampa Port Authority, the American Association of Port Authorities workshop will examine shifting international trade routes, possible development needs at ports and financing opportunities spawned by the expansion. Richard Wainio, Tampa Port Authority chief executive officer, will lead a discussion related to the impacts of the expansion, according to release from the authority. Expansion of the Panama Canal - a $5.25 billion project - began in September. It is expected to be completed in 2014, but the shipping industry and ports already are instituting measures designed to capitalize on the expansion.

Editor's Comment: This kind of thing is going to be happening more and more - the capacity of the Panama Canal will be greatly improving, so the ports receiving those ships will have to start now to upgrade their facilities to be able to handle the additional cargo.

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