Port Infrastructure Construction on the Rise
Strange as it might seem, the threat of administration-imposed tariffs has not slowed investment in America’s ports. The extremely large megaships are coming through the Suez Canal headed to America and U.S. ports will be ready. Most are already engaged in making upgrades, performing maintenance, expanding to facilitate the larger ships and constructing new storage facilities. Many have already deepened shipping channels, built new locks and invested in larger cranes and other facilities. This is all happening because the new and larger neo-Panamax ships can transport 10,000 or more containers.