Full steam ahead
A rise in global shipping, combined with an anticipated increase in ship size, has ignited a flurry of global port projects. This article explores how steady growth in maritime shipping is spurring new investment in port projects around the world. In doing so, it describes the Panama Canal expansion project and details how many shipping destinations are pushing expansion projects through in order to support supersized container ships. It also looks at several harbor-dredging projects and discusses how Costa Rica is accommodating bigger ships with its US$1 billion deep-water megaport project in Moin. The article details how China is driving port infrastructure upgrades and notes how many new global port operators have emerged. It also examines how Australia, the Middle East, Africa and Latin America are steadily investing in port projects. Accompanying the article is a sidebar detailing five port projects.