Search
 

Larger Ships are Passing Through the New Canal

Only a year after opening, the $5 billion Panama Canal expansion project is already having a profound impact on the North American shipping industry, especially with an increase in cargo in Gulf Coast ports.

By Lisa Brown | lisabrown | Updated on August 21, 2017

port of Houston Houston is reaping the advantages of infrastructure improvements made to the Port.

HOUSTON—Only a year after opening, the $5 billion Panama Canal expansion project is already having a profound impact on the North American shipping industry. A new report from JLL reveals that as a result, industrial real estate demand is stronger than ever. The Port, Airport and Global Infrastructure Seaport Outlook 2017 details emerging shipping trends and provides an analysis of seaport-centric industrial space in 14 North American port markets.

“One of the most notable takeaways is the increase in cargo the Gulf Coast ports have seen, especially Port Houston,” John Talhelm, senior vice president, JLL industrial services group, tells GlobeSt.com. “The Houston market is seeing the advantages of infrastructure improvements made to the Port over the last few years. Thanks to Houston’s diverse economy, international community and multimodal transport systems, Port Houston is positioned to continue gaining share, particularly as newly delivered petrochemical projects ramp up production.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.