There’s plenty of buzz about the Panama Canal expansion in South Florida these days. But unless Miami comes up with some money to dredge the harbor, the “Gateway to Latin America” status alone won’t help the Magic City tap into new international trade revenues.
Of course, deep ports aren’t an issue on the West Coast. And Norfolk, Va. has the east coast advantage as the only port that can currently handle post-Panamax vessels. New York and New Jersey may be able to cash in on some of the megaship traffic by 2015—a year after the Panama Canal expansion project is completed.
But what about Florida ports?
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