The expansion of the Panama Canal, underway for nearly a decade, is now slated for completion in the spring of 2016. Its potential effect on global trade — around 95 percent of which is carried on ships — is enormous. Here’s our tour of the likely winners and losers in the coming shakeup, with things looking very good for U.S. LNG and grim for the Panama Canal’s counterpart in Egypt.
The Panama Canal is a symbol of human ingenuity overcoming obstacles, a connection between the Atlantic and the Pacific purchased at the cost of some $8.6 billion in today’s dollars and countless hours of toil. It opened on August 15, 1914 — …
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Sam Munson is managing editor of The Octavian Report.