The Panama Canal’s $5.25 billion expansion, scheduled to open in April 2016, is expected to have a major impact on the global trade and shipping industry, specifically in the way in which cargo is handled and transported throughout North America. The expansion is set to accommodate a new generation of larger cargo ships, with America’s ports pouring billions into upgrades in anticipation of their arrival. The larger canal will accommodate a new line of Post-Panamax vessels — supertankers, container and passenger ships. According to the Washington Post, this new generation of vessels — which can hold upwards of 18,000 20-foot-equivalent […]