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(From Business Line)
from BUSINESS LINE, February 05, 2007 The world's three most important waterways - the Panama Canal, the Malacca Straits, and the Suez Canal - are planning expansions to facilitate the movement of bigger ships through the canals
The three major waterways of critical importance for global maritime trade - the Panama Canal, the Malacca Straits, and the Suez Canal - are all busy planning for additional capacity, involving huge investments. They also struggle to cope with the growing menace of piracy and terrorism
The Panama Canal has been carrying increasing volumes of imports from Asia, which previously landed in the US west coast ports and are now being carried through the Canal to the east coast. Some 14,000 vessels traverse the Canal annually from all parts of the world. Commercial transportation activities through the Canal represent …