Associated Press Release
PANAMA CITY, Fla. (AP) -- Port cities throughout the Gulf Coast and the Southeast hope expansion of the Panama Canal will expand their local economies.
The canal expansion is for completion in 2015. Many U.S. ports have invested millions in dredging and dockside improvements to get ready for the larger ships that will be able to use the canal.
But shipping experts say the ports shouldn't expect too much growth too soon. Instead, experts say, it will take time for shipping companies and manufacturers to develop new trade routes.
The Panama Canal expansion will nearly double the cargo capacity and size ships that can use the canal.
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