Seaports to Compete for Business from Panama Canal Expansion | Industrial content from National Real Estate Investor

Seaports to Compete for Business from Panama Canal Expansion | Industrial content from National Real Estate Investor: "Mirroring the delay, the Port Authority of New York and New Jersey recently announced it will push back its plans to start raising the Bayonne Bridge until the spring of 2015. Officials said the cranes can’t work in the winter on the $1.3 billion project, which will allow the large ships into the New York/New Jersey port. According to JLL’s 2014 Seaport Outlook, however, Houston and Jacksonville are expected to be ready to handle the traffic by next year. Miami plans to have its deep-water port dredged to more than 50 feet by late 2015."