Channel changer

the Panama Canal expansion project has required consolidated control and a phased approach

Global trade volumes have expanded exponentially over the last century. And to accommodate that growth, shipping freighters have expanded in kind. Today's container ships have more than five times the capacity of their early predecessors -- and require a significantly wider berth. For the Panama Canal, this was bad for business. Opened in 1914, the canal handles 5 percent of the world's shipping traffic and 70 percent of all cargo to and from the United States. But over the years, this valuable shortcut became desperately outdated. The Panama Canal Authority knew it was time for an upgrade and launched an expansion megaproject in 2007.
registered user content locked

Log in or join PMI to gain access

or Account Registration

Advertisement

Advertisement

Related Content

  • PM Network

    5: Human Genome Project member content locked

    Deciphering the roughly 30,000 genes that make up human life would have been challenging enough. Add in that the technology needed to do it hadn't yet been invented—and that the project team spanned…

  • PM Network

    44: Large Hadron Collider member content locked

    What's the world made of? How does it all work? Looking to shed light on those fundamental questions, the European Center for Nuclear Research (CERN) went big. Really big. Its Large Hadron Collider…

  • PM Network

    4: Euro member content locked

    It could have easily turned into fiscal chaos. Instead, the rollout of the euro on 1 January 2002 happened with barely a hitch. After more than a decade of planning, 12 European countries made a…

  • PM Network

    26: International Space Station member content locked

    It was the most politically complex space exploration initiative ever: Five government agencies spread across the globe would join forces to build a research station in low orbit. It was a noble…

  • PM Network

    28: Global Polio Eradication Initiative member content locked

    Keeping polio in check requires a nonstop global assault. As the world's largest public-private health endeavor of its kind, the Global Polio Eradication Initiative (GPEI) is a prolific force that…

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.