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US Port and Inland Waterways Modernization: Preparing for Post-Panamax Vessels

21-Oct-2014

Source: The U.S. Army Engineer Institute for Water Resources (IWR)

Page Count: 128

Date: June 2012

From the Document:

Executive Summary:

The health of the U.S. economy depends, in part, upon the vitality and expansion of international trade. International trade depends upon the Nation’s navigation infrastructure, which serves as a conduit for transportation, trade, and tourism and connects us to the global community. Marine transportation is one of the most efficient, effective, safe and environmentally sound ways to transport people and goods. It is a keystone of the U.S. economy. Ninety-five percent of our international trade moves through the Nation’s ports.1 Cargo carriers, seeking to service this global trade more efficiently and lower costs, are commissioning the building of ever larger ships, known as post-Panamax vessels. These vessels are currently calling at U.S. ports and are expected to call in increasing number. The completion of the Panama Canal in 2014 will influence the timing of their arrival at certain ports. However, post-Panamax vessels will dominate world trade and call at U.S. ports regardless of the Panama Canal expansion as they are expected to represent 62 percent of total container ship capacity by 2030.