By Tom Peters
As appeared on page C5
The Suez Canal Authority is going after Panama Canal business, a move that could ultimately drive more cargo through the
Panama plans to expand its canal but the project, which has been projected to cost $5 billion, and many predict much more, hasn’t started and it could be 10 years to 15 years before it is complete.
“Certainly container cargo and world trade are growing at a rapid pace and just as the Port of Halifax has identified India and Asia as long-term growth opportunities, we see in this announcement that the Suez Canal Authority is also recognizing that if they can divert business to their canal, they also have exceptional long-term growth opportunities,” port spokeswoman Michele Peveril said Wednesday.
“We are seeing signs now that
With container ships getting bigger, the