• Title/Summary/Keyword: Panama Canal expansion

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Transport Cost Analysis between Far East and North America - Expanded Panama Canal VS American Land Bridge - (극동-북미간 운송비용 분석에 관한 연구 - 파나마운하 확장과 북미 랜드 브릿지를 중심으로 -)

  • Yoo, Ju-Young;Kim, Tae-Won;Kwak, Kyu-Seok;Nam, Ki-Chan
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • v.1
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    • pp.269-274
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    • 2006
  • It was decided by national vote in Panama to expand the Panama canal. Therefore 12,000TEU sized vessel can pass the canal from 2014. The Far East-North America shipping route, over than post panamax size vessels have to use other routes such as Miniland bridge instead of using the panama canal due to limitation of canal size. Therefore, some changes in the transport route in Far East-North America are expected due to expansion of Panama canal. The objective of this paper is to analyze the transport cost between Far East and North America then compare the competition between Panama canal route and land bridge route.

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Transport Cost Analysis between Far East and North America - Expanded Panama Canal VS American Land Bridge - (극동-북미간 운송비용 분석에 관한 연구 - 파나마운하 확장과 북미 랜드 브릿지를 중심으로 -)

  • Kim, Tae-Won;Kwak, Kyu-Seok;Nam, Ki-Chan;Yoo, Ju-Young
    • Journal of Navigation and Port Research
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    • v.31 no.1 s.117
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    • pp.81-87
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    • 2007
  • It was decided by national vote in Panama to expand the Panama canal. Therefore 12,000TEU sized vessel can pass the canal from 2014. The Far East-North America shipping route, over than post panamax size vessels have to use other routes such as Mini land bridge instead of using the panama canal due to limitation of canal size. Therefore, some changes in the transport route in Far East-North America are expected duo to expansion of Panama canal. The objective of this paper is to analyze the transport cost between Far East and North America then compare the competition between panama canal route and land bridge route.

U.S. Port Investment Strategies and the Corresponding Economic Impacts Stemming from the Panama Canal Expansion

  • Park, ChangKeun
    • Asian Journal of Innovation and Policy
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    • v.10 no.2
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    • pp.195-211
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    • 2021
  • This paper measures the economic impacts of the U.S. port investment strategies coping with the Panama Canal expansion. Using secondary import data, negative and positive estimates of the impacts were presented in this study. Reduced port activities into the West Coast Customs Districts negatively affect transportation and warehousing industries, among other effects. Still, they have simultaneous positive effects in other states from increased imports resulting from modal shifts and changes in the entry port located in the South and East coasts. This study applied the supply-driven National Interstate Economic Model that measures all interstate trade among the U.S. states to divert foreign imports from 15 Pacific Rim countries. For this purpose, the following assumption was adopted: larger ships using the canal will lead to a redirection of seaborne trade among U.S. (and other) ports and result in secondary effects, e.g., using different freight modes and regional growth spillovers. This study also accounted for the entry point change and significant port investments for foreign trade under alternative scenarios. The choice of ports for international trade depends on decisions about how to minimize multimodal delivery costs. The total direct reduction of transportation and warehousing activities associated with foreign imports in the West Coast ports was estimated at $3.3 billion, leading to total negative effects of $5.8 billion. Total positive impacts from the shift of transportation modes with the choice of an entry port and new warehousing activities for foreign imports in the selected 12 states varied. As expected, states that involved an entry port had the most prominent benefits, but Texas, New York, and New Jersey may be benefited through all the port enhancement projects in the U.S. Also, except for Transportation and Postal, and Warehousing industries, Construction is another dominant positive affected industry of the Canal expansion in the U.S.