From the Aug. 16, 2012, Chicago Tribune"Wider Panama Canal to remake trade routes" by Tim Johnson.
Since the SS Ancon became the first ship to go through the locks of the Panama Canal on Aug. 15, 1914, the roughly 50-mile-long waterway, more than a million ships have used it. But shipping was always constrained by the size of the locks, permitting no vessel longer than 965 feet, wider than 106 feet or drawing more than 39 feet of water from passing through.
This has becoming an increasing problem as ships have been getting much larger. A third lane through the locks is planned to open in 2014 and ships as long as 1,200 feet, 160 feet wide and 50 feet draft will be able to use this lane.
This has Panama looking at reaping a lot of money. However, US Atlantic ports are now having dredging projects to deepen harbors and approaches in Miami, Jacksonville, Savannah, Charleston and New York.
It's a Canal Thing, You Know. --Cooter
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