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The new £32 billion mega-canal longer than Suez | World | News

The new £32 billion mega-canal longer than Suez | World | News
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Transcripts for CNN Fareed Zakaria GPS 20130616 14:29:00

able to accommodate the biggest ships. this massive effort in panama will just about double the canal s capacity and cost more than $5 billion. now, when the panama canal is widened, and if the nicaragua canal project actually comes to fruition, those post-panamax ships will need some with to dock, to pick up goods and to dock. therein lies the problem for the united states. by fwichbt when the enlargement of the pan law canal is expected to be complete, only ten of the united states 55 major commercial ports will be ready for the bigger ships, according to the chief economist of collie colliers. but will that be enough? listen to this. in just 18 years time, 60% to 70% of shipping will be on the bigger post-panamax ships and a report from the u.s. army corps of engineers says that over the next 30 years, u.s. imports are

Transcripts for CNN Fareed Zakaria GPS 20130616 17:28:00

each ship can carry 4,500 shipping containers but there are newer bigger ships called post-panamax. they can hold more than 18,000 containers, that s four times the capacity of a panamax ship. here s what 18,000 containers would look like stacked in times square. higher than many of the buildings beside. the first will be delivered on june 28th. these ships obviously have to find other routes since the panama canal cannot accommodate them and that is exactly what they re doing. in the meantime, panama is frantically trying to revamp its canal to accommodate bigger ships, but it still won t be able to accommodate the biggest ships. this massive effort in panama will just about double the canal s capacity and cost more than $5 billion. now, when the panama canal is widened, and if the nicaragua canal project actually comes to

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