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Report Sees Big Challenges for Many U.S. Ports Post-Panamax

A multi-billion dollar investment is required for North American ports to meet the demands of the post-Panama Canal expansion environment, according to Colliers International's North American Port Analysis Report. It said only eight U.S. ports are on track to be Post-Panamax ready by 2015. By 2030, 60 to 70 percent of the world's container fleet will be 18-22 containers wide, the report said, too large for many U.S. ports to accommodate.

Some findings of the report:

Despite the concerns, K.C. Conway, executive managing director-market analytics at Colliers and author of the report, said: "With a number of investment and engineering feats ahead, the U.S. remains well-positioned to positively impact global trade and the overall supply chain."