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Monday, July 4, 2016

The new and improved Panama Canal: How will it affect US businesses?

The newly widened Panama Canal could rewrite how fuel extracted in the US traverses the globe.

The canal expansion opened on June 26 with a third lane that accommodates big ships such as liquified natural gas (LNG) ships, 90 percent of which may now travel across the canal, including those that hold as much as 3.9 billion cubic feet (Bcf) of fuel, according to a report from the US Energy Information Administration released June 30.

Read more... http://m.csmonitor.com/Business/2016/0703/The-new-and-improved-Panama-Canal-How-will-it-affect-US-businesses