Panama Canal Expansion (2016)
Panama opened a third set of locks costing more than $5 billion, doubling canal capacity and letting ships of roughly 14,000 TEU cross. East and Gulf Coast ports suddenly had to deepen harbors and raise bridges to compete for the larger vessels.
Ports that could handle the bigger ships, Savannah among them, drew more cargo; others lost ground to rivals.
The expansion rewired U.S. port competition around post-Panamax ships, setting off a decade of harbor deepening and bridge raising.
Savannah's new terminal and its planned bridge raise are direct responses to the larger ships the canal now allows through.
